Coins minted in Mexico in 1882 under the “Republica Mexicana” banner can vary significantly in value depending on several factors:
- Denomination: Mexico minted different denominations in 1882, including Centavos and Reales. Higher denominations, especially the 8 Reales silver coins, generally have higher value.
- Metal Composition: Many 1882 Mexican coins were silver, particularly the 8 Reales and 25 Centavos. However, some coins like the 5 Centavos were copper-nickel. Silver coins typically command higher values than copper-nickel coins due to the intrinsic value of the metal. For example, an 1882 Mo MH Silver Mexico 8 Reales coin is around $200, while an 1882-1883 Mexico Copper-Nickel 1 Centavo is around $28.
- Mint Mark: Different mints operated in Mexico during this period. Mint marks, such as “Mo MH” (Mexico City), “Zs JS” (Zacatecas), and “GoSB” (Guanajuato), can influence rarity and value.
- Condition (Grade): Coins in better condition (higher grades) are generally more valuable. For example, a Brilliant Uncirculated (BU) 1882-GoSB 8 Reales coin is listed at $389.99, while an Almost Uncirculated (AU) 1882 GoSB 8 Reales is $175.
Here are some examples of prices for 1882 Republica Mexicana coins observed on online marketplaces:
- 8 Reales: Prices range widely, with an Almost Uncirculated (AU) coin from the Mexico City Mint at $200, a Brilliant Uncirculated (BU) Guanajuato mint example at $389.99, and a PCGS MS65 graded Zacatecas mint coin at $4,995.
- 25 Centavos: Circulated silver 25 Centavos coins can be found for as low as $20, while a graded XF (Extra Fine) piece is listed for $25.
- 5 Centavos: An MS63 graded copper-nickel 5 Centavos coin sold for $399.99. Another in MS64 condition is listed for $75.
In conclusion, the value of an 1882 Republica Mexicana coin depends heavily on its specific characteristics. It is recommended to have the coin appraised by a professional numismatist for a precise valuation. You can explore online marketplaces like [eBay] or [GreatCollections] and price guides like [NGC] to get a general idea of market values for similar coins. However, remember that online listings might not always reflect the true market value, particularly if the coin is not graded or certified by a reputable company. It’s important to be cautious of potential forgeries, especially with popular and valuable coins like the 8 Reales.
Which Mexican coins are worth a lot of money?
The 50 Peso Centenario: a rare Mexican peso coin. …
1715 8 Escudos: a rare Mexican coin from the famed fleet. …
4 Escudos Ferdinand VII: one of the most sought-after rare Mexican gold coins. …
Revolutionary 60 Pesos: one of the most valuable Mexican coins of all time.
Are old Mexican pesos silver?
The most common peso coins were 27.468 grams of 93.5% pure silver and equaled eight Spanish reales, giving them their common name, “pieces of eight.”