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First introduced in 1823, the iconic Cap and Rays design appeared on Mexico’s 8 Reales and later the Peso through 1910. These substantial silver coins played a major role in global commerce, becoming one of the most widely circulated trade coins of the 19th century. This particular example has been certified MS64 by NGC, placing it well above typical circulated pieces from the era and showcasing exceptional preservation.
Coin Highlights:
Contains .7859 oz of silver and is slightly larger than a U.S. Silver Dollar.
Graded MS64 by NGC, confirming high-quality condition for this historic type.
Population of this coin in this grade is 2 with no higher grades currently registered with NGC.
Comes in protective packaging; dates vary from 1823–1897.
Obverse: Displays the Mexican coat of arms featuring an eagle atop a cactus, grasping a snake.
Reverse: Shows the radiant Phrygian cap—symbol of liberty—along with denomination, mintmark, date, assayer’s initials, and composition.
Struck at multiple Mexican mints between 1823 and 1897, prior to the transition from the Spanish Real to the Mexican Peso.
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