Quick Coinage Facts
Years Minted: 1953
Composition: 72% Silver
Diameter: 40 mm
Weight: 27.778 grams (.6430 oz of silver)
Total Mintage: 1,000,000
Obverse Design: National Arms
Reverse Design: Bust Design
Introduction
In recognition of the 200th anniversary birth of Mexico’s Miguel Hidalgo (who has the distinction & title of being the Father of the Nation), the Mexico City Mint issued a special circulating silver 5 Pesos in 1953.
Hidalgo was a 19th century priest who convinced a nation of poor and deprived to rise up against Spanish colonial rule. The charismatic Hidalgo motivated tens of thousands to rise up and upon his execution in 1811 he was elevated to martyr inspiring even more to continue the battle for independence.
Design
The obverse design features the Mexican coat of arms, an eagle clutching a snake while it perches on a prickly pear cactus. In an arc around the design is the phrase “ESTADOS UNIDOS MEXICANOS”. Beneath the central design is the denomination “CINCO PESOS”, silver content "LEY 720", and weight "27 7/9 G". Below the denomination is the year of issue and mint mark “Mo” for the Mexico City Mint.
The reverse design features a bust image of Hidalgo with the church Parroquia de Nuestra Señora de Dolores located in the modern day city of Doleres Hidalgo Mexico. It was at this church that Hidalgo, while conducting mass, gave the infamous sermon Grito de Dolores. On the outer periphery is the phrase “AÑO DE HIDALGO” (Year of Hildago) and the dual date “1753 ~ 1953”.
The coin edge is lettered with the words “COMERCIO AGRICULTURA INDUSTRIA”, the three major areas where Hidalgo used his Catholic education to teach and improve the life of the poor.
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General Market Notes
Coins were saved in significant quantities and in high grades keeping costs affordable. Price is primarily dictated by the spot silver prices.