5 Nuevos Pesos Palma Con Cocodrilo - 1 oz Silver Bullion

The "Palma Con Cocodrilo" — palm tree with crocodile — belongs to Mexico's Onza series of silver bullion coins, which the Casa de Moneda introduced in 1980 largely to compete with the Canadian Maple Leaf and American Silver Eagle markets that were drawing bullion investors away from Mexican silver entirely. The 1993 issue arrived during a period of acute political tension preceding the 1994 Zapatista uprising and the peso crisis that followed, though by that point the Nuevos Pesos denomination structure had only been in place since 1993 itself, replacing the old peso at a 1,000:1 ratio following years of inflation-driven currency debasement.

The crocodile motif places this coin within a subseries celebrating Mexican flora and fauna, distinct from the Libertad bullion coinage running concurrently.