5 Centavos

This issue dates to the redenomination that took effect on January 1, 1993, when Mexico replaced the old peso at a rate of 1,000 to 1, effectively erasing three zeros from every price in the country. The 1992-dated pieces were struck in anticipation of that changeover and entered circulation the moment the new currency system launched.

Chronic peso devaluation throughout the 1980s had rendered the previous coinage nearly worthless in practical terms before the redenomination was announced.