By the mid 1980’s hyperinflation was quickly eroding the value of the peso and impacting the cost of minting coinage. To keep up with inflation coinage in new and larger denominations were required. In response the Mexico City Mint issued a new 1000 pesos coin with the image of Juana de Asbaje. The 1000 peso coin would be the largest denomination minted for circulation during the hyperinflation time period.
Juana de Asbaje was a 17th century Nun who was born and lived in colonial Mexico (also referred to as New Spain). She was famous for being author of poems that described the strict subjugation of women during that time period. In modern times Asbaje is recognized as the first feminist poet of the New World.
The obverse design features the Mexican coat of arms, an eagle clutching a snake while it perches on a prickly pear cactus. On the outer periphery is the phrase “ESTADOS UNIDOS MEXICANOS” or as translated to English “United Mexican States”.
The reverse design features a bust image of Juana de Asbaje. Left of the bust is the denomination “$1000” and to the right of the bust is the mint mark “Mo” for the Mexico City Mint and below is the name "JUANA DE ASBAJE".
General Market Notes
There are no rarities for the series and all examples are readily available.