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<p>[QUOTE=&quot;The Eidolon, post: 4606155, member: 102103&quot;]Day 107:&nbsp; Mexico, 25 Pesos, 1968 Olympics Circulating Commemorative</p><p><br /></p><p>Seeing this coin made me wonder, what was the latest year of Mexican silver coin </p><p>which actually circulated?&nbsp; I knew about the 0.100 Pesos from 1957-67, but this </p><p>commemorative was a year later, and I think it circulated.&nbsp; Did the 0.720 silver</p><p>100 peso coins of 1977-79 circulate?</p><p>[ATTACH=full]1141006[/ATTACH] </p><p><br /></p><p>I tried to plot the silver content of Mexican coins to see the effect of inflation on </p><p>silver coinage.&nbsp; A caveat:&nbsp; Mexico was not on a silver or bimetallic standard after </p><p>1905, so the silver content only served as a floor for the value of a coin type, where</p><p>if the face value fell below that, the coin would be melted or hoarded.&nbsp; If multiple</p><p>types issued during a year had different implied silver content per peso, I used the </p><p>higher value.&nbsp; For example, the 1957-67 0.100 fine 1 peso coins had about 1.6 g of</p><p>silver per peso.&nbsp; But the 1955-59 0.720 5 pesos had 2.6 g of silver per peso, so I</p><p>used the 2.6 value for the years when the 0.720 5 pesos were issued.</p><p><br /></p><p>[ATTACH=full]1141008[/ATTACH] </p><p>I compiled date for all the Mexican circulating silver types I could find from the </p><p>Empire of Maximilian I onward.&nbsp; I can post the raw data if anyone cares.&nbsp; I don&#039;t</p><p>think CoinTalk allows spreadsheets as an attachment type, which is why the graph</p><p>above is a jpg.&nbsp; Mexico was actually pretty consistent in the silver content of its </p><p>coins across simultaneously circulating types.&nbsp; And in spite of my impression of </p><p>Mexico having chronic problems with inflation, the peso was actually pretty stable</p><p>except for two periods around the 1913 Revolution and World War II.&nbsp; Then chronic</p><p>inflation started to pick up, but mostly in the 1980s after circulating silver coinage</p><p>had already been abandoned.</p><p><br /></p><p>Having high but unpredictable inflation tends to separate the roles of money as a </p><p>store of value and a medium of exchange.&nbsp; Regular money serves as the required</p><p>medium of exchange, but its value is not protected.&nbsp; Non-circulating silver such as</p><p>the Libertad series or the Casa de Moneda 1 oz. series protect their value, but are </p><p>inconvenient as a medium of exchange.&nbsp; In countries with low inflation we aren&#039;t </p><p>forced to deal with this trade-off as much.</p><p><br /></p><p>Bonus coin:&nbsp; A 1980 Casa de Moneda 1 ounce silver content round.&nbsp; I bought it a </p><p>few years ago to practice my coin cleaning skills.&nbsp; You should have seen it before.[ATTACH=full]1141024[/ATTACH]</p><p><br /></p><p>Pretty ugly, eh?</p><p>[ATTACH=full]1141027[/ATTACH][/QUOTE]</p><p><br /></p>

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