Mexico 1988 100 pesos
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 hundred pesos was introduced in 1977 as a 39 mm diameter silver coin, then reduced to 26.5 mm in 1984 and a portrait of Venustiano Carranza adopted. This non-circulating commemorative features Lazaro Cardenas, president of Mexico in the thirties who won Mexico's admiration by expropriation the gringo-owned oilfields.
Recorded mintage: 10,000.
Specification: 31.1 g, .999 silver, 1.00 troy oz ASW.
Catalog reference: KM 533.
- Krause, Chester L., and Colin R. Bruce II, Standard Catalog of World Coins: Spain, Portugal and the New World, Iola, WI: Krause Publications, 2002.