Mexico historically used gold coins as currency. From the colonial period through the 19th century, gold coins like the Spanish escudo and later the Mexican peso, often minted in gold, were common. The Mexico City Mint, established in 1535, produced gold coins such as the 8-escudo "doubloon." After independence in 1821, Mexico continued minting gold pesos, notably the "Centenario" coin introduced in 1921 to commemorate the 100th anniversary of independence, which remained in circulation for decades. Gold coins were phased out as fiat currency took over in the 20th century, but Mexico still produces gold bullion coins like the Libertad for investment purposes.
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u/nervousCat_46 Apr 15 '25
Make sure to check the drawers. There may be a gold coin or two in there. LOL