60 Pesos Provisional Government

The State of Oaxaca issued this coin during its period of formal secession from the Mexican federal government under Governor José Inés Dávila, who declared Oaxaca a sovereign entity in 1915 rather than submit to Carranza's Constitutionalist authority. The provisional government needed hard currency that its population would actually accept — paper money from any faction was being refused outright across much of southern Mexico by 1916.

The .859 fineness is notably below standard 22-karat gold, a consequence of working with whatever bullion the isolated state could source locally.