

The Mexico City mint, the oldest on the American continent, began coining operations during the year 1536, that is, eighty-four years before the Pilgrims landed on American soil, and two hundred and fifty-six years before the first United States mint was established.
Mexico, one of the greatest silver producing countries, has been the source of nearly one-half of the world's supply. Considering the meager population of the territory and the necessarily primitive methods employed both for mining and coining, the amount of silver produced is astoundingly large.
Conquered in 1521 by a handful of adventurous Spaniards under Cortes, the territory was named Nueva Espana (New Spain) and for three hundred years to a day, Spain ruled over this inconceivably wealthy province. On September 16, 1810, Hidalgo, a parish priest, led an open rebellion, which ended after eleven years of bloody conflict, with the overthrow of the Spanish yoke. Thus in 1821, New Spain ceased to exist, and Mexico took its place in the family of nations.
The coinage of New Spain and Mexico runs into billions, and their pieces of eight and pesos served as the standard medium of exchange in the United States, the Philippines, China, and many European markets. The first, or Continental currency of the United States of America, was made payable in Spanish milled dollars. The Mexican peso and its subdivisions were legal tender in this country until February 21, 1857, when by Act of Congress, all laws authorizing its circulation and acceptance were repealed. Up to June 30, 1862, the sum of $2,103,275.74 in Mexican coins had been accepted by the United States Federal offices.
The numismatic history of Mexico chronologically falls into seven periods:
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