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20 Centavos
| Issuer | Casa de Moneda de México (Mexican Mint) |
|---|---|
| Year | 1905-1914 |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Technique | Milled |
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|---|---|
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| Edge | Reeded - sets of two lines. |
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| Mintage | 1905 M - - 2,565,000 1906 M - - 6,860,000 1907 M - Curved '7'--minted in New Orleans - 5,434,699 1907 M - Straight '7' - 4,000,000 1908 M - - 350,000 1910 M - - 1,135,000 1911 M - - 1,150,000 1912 M - - 625,000 1913 M - - 1,000,000 1914 M - - 1,500,000 |
| Additional information |
The 1905 monetary reform that produced this type was a direct response to the collapse of silver's international value — Mexico had operated on a bimetallic standard for decades, but falling silver prices through the 1890s caused the peso to depreciate sharply against gold-standard currencies, crippling foreign trade and government finances. Finance Minister José Yves Limantour pushed through the reform under Díaz, pegging the peso to gold and reducing the silver content of subsidiary coinage. The .800 fineness was a deliberate step down from earlier issues.
Production continued through 1914 despite the Revolution having effectively dismembered the Díaz government three years prior.