Mexico 1988 1000 pesos

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from the Mountain Groan Collection
from the Mountain Groan Collection

By the early 1980's, the Mexican economy was running into trouble. Political mismanagement, corruption, an antiquated tax structure and an exploding population were feeding serious inflation. 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. The thousand pesos was introduced in 1988 and a portrait of Sor Juana de Asbaje adopted. This type was issued without change until 1992, the year of the reform. Juana de Asbaje was a poet and mystic of the eighteenth century who entered a convent to avoid a forced marriage. The circulation coinage of the 1980's is also notable for being the first coinage to feature the denomination in Braille, altho the effect is only symbolic as the dots are too small to be useful.

Recorded mintage: 229,300,000.

Specification: aluminun bronze, 30.5 mm diameter.

Catalog reference: KM 536.

Source:

  • Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.

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