Catalog
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| Issuer | Banco de México |
|---|---|
| Year | 1936-1946 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1863-1992) |
| Composition | Log in to see details |
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| Obverse description | The Mexican national coat of arms occupies the central field, depicting a Mexican golden eagle perched upon a prickly pear cactus growing from a rocky outcrop, devouring a serpent in its beak — a design derived from the Aztec founding legend of Tenochtitlan. The eagle is rendered in fine relief with detailed feathering, its wings partially spread. A garland of oak and laurel branches frames the device at the base. The circular legend ESTADOS UNIDOS MEXICANOS runs along the upper periphery in raised Latin letters, bordered by a rope or beaded rim. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Mexico's copper-nickel coinage of this period survived one of the more disruptive monetary episodes in the country's modern history. The 1938 expropriation of foreign oil companies by Cárdenas triggered a sharp economic boycott from the U.S. and Britain, collapsing the peso and forcing the Banco de México into tight management of metal reserves. That coinage continued uninterrupted through the full run is itself a minor administrative achievement given the pressures on the treasury.
Mintages fluctuated considerably across the decade, with 1945 and 1946 issues struck in notably smaller quantities as postwar metal demands reshaped procurement.