Mexico 1963 centavo

File:Mexico 1963 centavo obv 600.jpg

from the Mountain Groan Collection

File:Mexico 1963 centavo rev 600.jpg

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This specimen is one of a type issued by the Mexico City mint 1950-69. By the late 1950's, the Mexican peso had begun its inexorable slide. Coin types, once stable in the early part of the century, began turning over more rapidly as inflation ate away their purchasing power. While this gave employment to coin designers and engravers, it limited their scope of action as progressively cheaper alloys were adopted. This centavo superseded the type (KM 415) struck 1905-49. It was superseded by KM 418, issued 1970-73.

Recorded mintage: 7,775,000.

Specification: 2 g, brass, 16 mm diameter.

Catalog reference: KM 417.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

Link to:

• 1949 centavo
• 1957 10 centavos
• 1963 20 centavos
• 1963 peso
• 1972 centavo
• Coins and currency dated 1963
• return to Mexican coinage of the modern era, since 1905