1870, Mexico (2nd Republic). Large Silver "Scales" Peso Coin. San Luis Potosi!

Description

1870, Mexico (2nd Republic). Large Silver "Scales" Peso Coin. San Luis Potosi!
Reference: KM-408.7.
Mint Place: San Luis Potosi (Pi)
Mint Year: 1870 (
1st date of issue!
)
Denomination: "Scales" Peso (Republican Dollar)
Condition:
Numerous circulation-marks and some hits/digs, otherwise VF-aXF!
Material: Silver (.903)
Weight: 26.93gm
Diameter: 37mm
Obverse:
Illuminated Phrygian cap with "
libertad
" inscription, above scales, sword and scroll.
Legend: UN PESO Pi 0.902.7
Reverse:
Eagle with a snake in its beak, standing on isle with a cactus plant, surrounded by water. Date and wreath below.
Legend: REPUBLICA MEXICANA (terminated by olive and oak branches) 1870
The peso was originally the name of the eight-real coins issued in Mexico by Spain. These were the so-called Spanish dollars or pieces of eight in wide circulation in the Americas and Asia from the height of the Spanish Empire until the early 19th century. After Mexico gained its independence in 1821, the new government continued the Spanish monetary system of 16 silver reales = 1 gold escudo, with the peso of 8 reales the largest silver coin. Paper money was also issued, denominated in pesos.
YOU WILL RECEIVE THE SAME COIN AS PICTURED.
ALL COINS ARE AUTHENTIC AS DESCRIBED
WORLDWIDE...
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