La Casa de Moneda de México is the national
mint
MiNT is Now TOS (MiNT) is a free software alternative operating system kernel for the Atari ST system and its successors. It is a multi-tasking alternative to TOS and MagiC. Together with the free system components fVDI device drivers, XaAES ...
of
Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...
and is the oldest mint in the
Americas
The Americas, which are sometimes collectively called America, are a landmass comprising the totality of North and South America. The Americas make up most of the land in Earth's Western Hemisphere and comprise the New World.
Along with t ...
.
History
''La Casa de la Moneda'' was established on 11 May 1535 by the Spanish viceroy
Antonio de Mendoza
Antonio de Mendoza y Pacheco (, ; 1495 – 21 July 1552) was a Spanish colonial administrator who was the first Viceroy of New Spain, serving from 14 November 1535 to 25 November 1550, and the third Viceroy of Peru, from 23 September 1551 ...
by a decree from the
Spanish Crown
, coatofarms = File:Coat_of_Arms_of_Spanish_Monarch.svg
, coatofarms_article = Coat of arms of the King of Spain
, image = Felipe_VI_in_2020_(cropped).jpg
, incumbent = Felipe VI
, incumbentsince = 19 Ju ...
to create the first mint in the Americas. It was built on top of Moctezuma's
Casa Denegrida, the black house where the last emperor of the Aztecs used to meditate, and which was part of the
Casas Nuevas de Moctezuma.
The mint's
silver eight-real coins and its successor coin, the
silver peso, circulated widely in the Americas and Asia well into the 19th century and became the basis of the modern national currencies of many countries in these parts of the world, including the
United States dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
,
the
Japanese yen
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the e ...
and the
Chinese yuan
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022 ...
.
[Global Financial Data]
The Global History of Currencies (GHOC)
/ref>
Since 1983, coins are only produced in San Luis Potosí
San Luis Potosí (), officially the Free and Sovereign State of San Luis Potosí ( es, Estado Libre y Soberano de San Luis Potosí), is one of the 32 states which compose the Federal Entities of Mexico. It is divided in 58 municipalities and i ...
. The ancient headquarters are currently the Museo Nacional de las Culturas
The Museo Nacional de las Culturas (MNC; ''National Museum of Cultures'') is a national museum in Mexico City dedicated to education about the world's cultures, both past and present. It is housed in a colonial-era building that used to be the mi ...
in Mexico City
Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital and largest city of Mexico, and the most populous city in North America. One of the world's alpha cities, it is located in the Valley of M ...
. The mint's main client is the Bank of Mexico
The Bank of Mexico ( es, Banco de México), abbreviated ''BdeM'' or ''Banxico,'' is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to ac ...
. Since January 13, 2014, the general mint director is Guillermo Hopkins Gamez. He is also the vice-president of the Mint Directors Conference.
See also
* Bullion
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the ...
* Bullion coin
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the ...
* Dos Pesos gold coin
* Gold as an investment
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and ...
* Inflation hedge An inflation hedge is an investment intended to protect the investor against (hedge) a decrease in the purchasing power of money (inflation). There is no investment known to be a successful hedge in all inflationary environments, just as there is no ...
* Mexican peso
The Mexican peso (symbol: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use its sign, "$".
The current ISO 4217 code for the peso ...
* Silver as an investment
Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical cond ...
References
External links
Mexican mint website
1535 establishments in New Spain
Mints (currency)
Mint
MiNT is Now TOS (MiNT) is a free software alternative operating system kernel for the Atari ST system and its successors. It is a multi-tasking alternative to TOS and MagiC. Together with the free system components fVDI device drivers, XaAES ...
Currencies of Mexico
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