Maximiliano I Silver Peso 1866 MO VF 35
$575.00
$593.69
Check/Wire
Credit Card
| Quantity | Check/Wire | Credit Card |
|---|---|---|
| 1+ | 575.00 | 593.69 |
- SKU: BFB005774
- Categories: WORLD THE AMERICAS MEXICO
The Mexican peso and centavo system was introduced in 1863 as part of a major monetary reform. One peso was divided into 100 centavos, replacing the older real-based system and aligning Mexico with the decimal standard. Coins were struck in copper, silver, and gold, with designs often featuring the national coat of arms and symbols of liberty. The new system modernized Mexico’s currency and established the peso as the foundation of the country’s economy.
When this coin was minted, Mexico was in a period of instability. Having won independence from Spain in 1821, the Mexican government had transitioned from an empire to a federal republic, to two separate liberal and conservative governments. Tensions between the two turned into a civil war that lasted from 1858 to 1861. The liberals won the war, but the conservatives requested intervention from France. The French Army defeated Mexican forces and instated the Second Mexican Empire, placing Maximilian Habsburg (also known as Maximiliano I) on the throne in 1864. However, his rule would be short-lived. In 1867, after the French Army had withdrawn from Mexico, liberal forces executed Maximilian and restored President Benito Juarez to power.
This coin was graded VF 35 (very fine 35), using the Sheldon grading scale from 1 to 70. It was graded by the Numismatic Grading Company, the official grading service of the American Numismatic Association and the Professional Numismatists Guild. Here is more information about the coin grade.
Obverse: MAXIMILIANO EMPERADOR; Head right, with beard
Reverse: IMPERIO MEXICANO; Crowned arms with supporters
Reference: KM 388
When this coin was minted, Mexico was in a period of instability. Having won independence from Spain in 1821, the Mexican government had transitioned from an empire to a federal republic, to two separate liberal and conservative governments. Tensions between the two turned into a civil war that lasted from 1858 to 1861. The liberals won the war, but the conservatives requested intervention from France. The French Army defeated Mexican forces and instated the Second Mexican Empire, placing Maximilian Habsburg (also known as Maximiliano I) on the throne in 1864. However, his rule would be short-lived. In 1867, after the French Army had withdrawn from Mexico, liberal forces executed Maximilian and restored President Benito Juarez to power.
This coin was graded VF 35 (very fine 35), using the Sheldon grading scale from 1 to 70. It was graded by the Numismatic Grading Company, the official grading service of the American Numismatic Association and the Professional Numismatists Guild. Here is more information about the coin grade.
Obverse: MAXIMILIANO EMPERADOR; Head right, with beard
Reverse: IMPERIO MEXICANO; Crowned arms with supporters
Reference: KM 388
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