1 Peso

1957, Mexico (United Mexican States). Debased Silver 1 Peso Coin. About XF!

Mint Year: 1957 Denomination: Peso Reference:  KM-459. Condition: About XF! Mint Place: Mexico City   Material: Material: Silver (0.100 = only 10% silver content!) Weight: 15.83gm Diameter: 34mm

Obverse: Bust of Jose Morelos y Pavon right. Mint initials (oM) to left. All within wreath.

Reverse: Eagle with a snake in its beak, standing on a cactus plant, wreath below. Legend: ESTADOS UNIDOS MEXICANOS / . UN PESO 1957 . 

The United Mexican States (Estados Unidos Mexicanos), commonly known as Mexico, is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of Mexico. Mexico is a federation comprising thirty-one states and a federal district, the capital Mexico City, whose metropolitan area is one of the world's most populous.

Between 1940 and 1980, Mexico experienced substantial economic growth that some historians call "El Milagro Mexicano", the Mexican Miracle. The assumption of mineral rights by the government, and the subsequent nationalization of the oil industry into PEMEX during the presidency of Lázaro Cárdenas (1938) was a popular move, but sparked a diplomatic crisis with those countries whose citizens had lost businesses expropriated by the Cárdenas government.

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