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2 Pesos Emiliano Zapata

Issuer State of Guerrero
Year 1915
Type Standard circulation coin
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Obverse description Mexican national arms at center, consisting of an eagle displayed standing on a cactus devouring a serpent, within a wreath. The legend REPUBLICA MEXICANA arcs along the upper periphery. The coin exhibits a beaded border and was struck in electrum (0.595 fine gold) with diameter ranging 39–40 mm and weight varying from approximately 21.71 to 26.54 g, reflecting the emergency nature of its production.
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Obverse lettering REPUBLICA MEXICANA
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Additional information

Guerrero's 1915 emergency coinage was produced by the Zapatista forces controlling the region while the Mexican federal government had effectively collapsed in the south. The electrum composition — a gold-silver alloy — was not an ideological choice but a practical one: the Zapatistas used whatever metal was available, and consistent refining was impossible under wartime conditions. This accounts for the significant variation in alloy ratios found across surviving specimens.

Zapata himself was deeply skeptical of paper money, having watched peasants robbed by worthless currency after the Revolution of 1910. Coin was insisted upon.

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