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20 Centavos

Issuer Mexico
Year 1898-1905
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Composition Silver (.903)
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Obverse script Latin
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Reverse description Denomination numeral 20 and the legend CENTAVOS appear prominently at center within an ornamental wreath of oak and laurel branches tied with a bow at the base. The mint mark, assayer's initial, and silver fineness (902.7) are inscribed along the upper portion of the field, identifying the issuing mint and the alloy standard of the coin.
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Additional information

These issues fall under the "Caballito" peso family's smaller denominations, struck at multiple Mexican mints simultaneously — Chihuahua, Culiacán, Guanajuato, Zacatecas, and Mexico City among them — each applying its own assayer initials. The mint mark and assayer pairing matters considerably here; Chihuahua pieces from this window are notably scarcer than their Mexico City counterparts and command meaningful premiums even in circulated grades.

Mexico's silver coinage of this period was under sustained pressure from the global collapse in silver prices during the 1890s, which ultimately forced the 1905 monetary reform that debased the standard and ended this type's production.

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