Mexico 1938-M peso
This specimen is from a type struck in massive numbers 1920-45 at the Mexico City mint (the last branch mint having closed in 1905). This date is very common and worth only its bullion content in circulated condition. The previous types (KM 453, struck 1910-14 and KM 454, struck 1918-19) had more silver.
Record mintage: 30,000,000.
Specification: 16.66 g, .720 fine silver, .385 troy oz ASW.
Catalog reference: KM 455.
- Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.