The coinage of Mexico, now concentrated at the mint in the capital (all others having been closed) is based (since November 28, 1867) on the decimal system - the peso being divided into 100 centavos - and consists of gold, silver, nickel and bronze coins, whose weight and fineness are determined by the monetary law of 1904.
The silver coins are the peso of loo centavos and its fractional parts of 20, 10 and 5 centavos.
The nickel coins are of;5 and 10 centavos, and the copper i and 2 centavos.
This depreciation (10,000) was equivalent to a loss of 99% of the nominal value of the currency, a paper peso of loo centavos being worth only one centavo gold.
The silver coins are of the denominations of 1 boliviano, or 100 centavos, 50, 20, 10 and 5 centavos, and the issue of these coins from the Potosi mint is said to be about 1,500,000 bolivianos a year.
Silver: I peso, 9027 fine, containing 24.438 grammes of pure silver, 50 centavos, 800 fine, 20 „ 10 „ 5, , Bronze: I and 2 centavos, 95 parts copper, 4 tin, I zinc.
