The Mexican Silver Five Peso coin is approximately 40 mm in diameter and bears the head of Miguel Hidalgo, a Mexican priest who was a leading figure during the War of Independence on one side, and an eagle facing left and holding a snake above the national arms on the other side. This coin was first issued in 1951 and the final issue was in 1954.
The total weight of this coin is approximately 0.89 oz. With a silver content of 72%, the total net weight of silver in the coin is 0.64 oz.
After a period of exceptionally good prices for silver, the price has now fallen to around $39.42 per ounce, with possible highs of $40.33 and lows of $39.38, depending on traders. This results in an average price of $39.71 per ounce of sliver.
With a silver content of 0.64 oz, at the average current price of silver of around $39.71, the pure metal value of the coins is $25.41.
On the collector's market, this coin currently sells for amounts between $25 and $39. The ultimate value of the coin in collector's terms depends on th condition the coin is in. A hardly circulated coin in almost mint condition may actually fetch more than the prices stated, whereas a coin that is extremely worn and discolored may be better off being sold for its metal value.
Coins have a peculiar habit of leaping up and down in price when it comes to collecting. This is very much due to the question of demand and supply. It is therefore always a good idea to check with an expert before making a decision on selling.
