During the Mexican First Republic, which lasted from 1824 to 1864, there were various coinage systems and denominations in circulation. Here are some key points about coinage during this period:
Silver Reales: The primary unit of currency during the Mexican First Republic was the silver real. The real was subdivided into smaller units, including half reales, quarter reales, and eighth reales (also known as "bits"). These coins were minted in various sizes and designs, often featuring the national emblem of Mexico on one side and the denomination on the other.
Gold Coins: Mexico also minted gold coins during this period, primarily for larger transactions and international trade. These coins were denominated in pesos, escudos, and other units, with various denominations ranging from fractions of a peso to several pesos. The designs of these gold coins varied, often featuring national symbols, such as the Mexican coat of arms or the national eagle.
Copper Coins: Copper coins were also in circulation, although to a lesser extent than silver and gold coins. These coins were typically of low denomination and were used for small transactions. They were often minted in denominations such as centavos or cuartillas and featured simple designs.
Minting: Coinage during the Mexican First Republic was produced at various mints throughout the country, including the Mexico City Mint (Casa de Moneda de México) and regional mints in cities such as Guadalajara, Zacatecas, and Durango. These mints produced coins using precious metals mined from Mexican mines.
Political Instability: The Mexican First Republic was marked by political instability, including civil wars, revolutions, and changes in government. This instability sometimes affected the minting and circulation of coinage, leading to variations in designs, mint marks, and the quality of coins produced.
Foreign Influence: During certain periods of the Mexican First Republic, foreign powers, such as Spain, France, and the United States, exerted influence over Mexican territories. This influence sometimes extended to the coinage system, with foreign coins circulating alongside or in place of Mexican coins in some regions.
Overall, coinage during the Mexican First Republic was diverse and reflective of the country's rich history, culture, and economic activities during this period of transition and development.