Editing Mexican peso (section)

===Peso, 19th century===
[[File:Mexico 1866 20 Pesos.jpg|thumb|300px|Front and back of an 1866 twenty-peso gold coin, depicting [[Maximilian I of Mexico]].]]
[[File:25 centavos de Zacatecas de 1889 (anverso y reverso).JPG|thumb|200px|left|[[Spanish peseta#Términos derivados|Peseta]] or 25 centavos, 1889.]]
[[File:5 centavos Mexico 1904.PNG|thumb|200px|left|[[:es:Quinto (moneda)|Quinto]] or 5 centavos, 1904.]]

The [[Second Mexican Empire]] of 1863-1867 commenced the minting of coins denominated in pesos and centavos, minting the copper 1-centavo, silver 5, 10 and 50 centavos, the silver 1-peso and the gold 20-peso. The last two coins featured the portrait of [[Maximilian I of Mexico|Emperor Maximilian]] on the obverse, and the imperial arms of the short-lived empire on the reverse.<ref>{{cite web |author=Encyclopaedia Britannica |title=Maximilian |url=https://www.britannica.com/biography/Maximilian-archduke-of-Austria-and-emperor-of-Mexico |access-date=25 August 2018 |archive-date=21 June 2021 |archive-url=https://web.archive.org/web/20210621065132/https://www.britannica.com/biography/Maximilian-archduke-of-Austria-and-emperor-of-Mexico |url-status=live }}</ref><ref>{{cite book |page=40 |volume=94 |title=The Numismatist |url=https://books.google.com/books?id=nFZmAAAAMAAJ |year=1982 |publisher=American Numismatic Association |access-date=2020-09-25 |archive-date=2024-01-04 |archive-url=https://web.archive.org/web/20240104072120/https://books.google.com/books?id=nFZmAAAAMAAJ |url-status=live }}</ref>

The [[Restored Republic (Mexico)|Restored Mexican republic]] of 1867 continued the minting of coins in pesos and centavos. The copper 1-centavo coin was continued; silver (.9027 fine) coins of 5, 10, 20, 25 and 50 centavos and 1 peso commenced in 1867; and gold coins of 1, {{frac|2|1|2}}, 5, 10 and 20 pesos commenced in 1870. The obverses featured the Mexican 'eagle' and the legend "Republica Mexicana". The reverses of the larger coins showed a pair of scales; those of the smaller coins, the denomination.

In 1882, cupro-nickel 1, 2 and 5 centavos coins were issued but they were only minted for two years. Despite the discontinuation of the newly designed silver peso in 1873, in 1898 the denomination on the "cap-and-ray" coin was successfully revised from "8 reales" to "1 peso" without being rejected in China; this continued to be minted as trade coinage until 1909. From 1900 the market value of the gold coins have approximately doubled versus their face values.