Mexican Mint
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The Casa de Moneda de México is the national
mint Mint or The Mint may refer to: Plants * Lamiaceae, the mint family ** ''Mentha'', the genus of plants commonly known as "mint" Coins and collectibles * Mint (facility), a facility for manufacturing coins * Mint condition, a state of like-new ...
of
Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...
and is the oldest mint in the
Americas The Americas, sometimes collectively called America, are a landmass comprising the totality of North America and South America.''Webster's New World College Dictionary'', 2010 by Wiley Publishing, Inc., Cleveland, Ohio. When viewed as a sing ...
.


History

The ''Casa de Moneda'' was established on 11 May 1535 by the Spanish viceroy
Antonio de Mendoza Antonio de Mendoza (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 second viceroy of Peru, from 23 September 1551, until his d ...
by a decree from the
Spanish Crown The monarchy of Spain or Spanish monarchy () is the constitutional form of government of Spain. It consists of a Hereditary monarchy, hereditary monarch who reigns as the head of state, being the highest office of the country. The Spanish ...
to create the first mint in the Americas. It was built on top of Moctezuma's
Casa Denegrida 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 m ...
, 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 (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
, 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 and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. Th ...
and the
Chinese yuan The renminbi ( ; currency symbol, symbol: Yen and yuan sign, ¥; ISO 4217, ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the China, People's Republic of China. The renminbi is issued by the Peop ...
.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, is one of the 32 states which compose the Federal Entities of Mexico. It is divided in 59 municipalities and is named after its capital city, San Luis Potosí. It ...
. 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 m ...
in
Mexico City Mexico City is the capital city, capital and List of cities in Mexico, largest city of Mexico, as well as the List of North American cities by population, most populous city in North America. It is one of the most important cultural and finan ...
. The mint's main client is the
Bank of Mexico The Bank of Mexico (), 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 achieve stability in th ...
. 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 ...
*
Bullion coin A bullion coin (also known as a specie) is a coin struck from highly refined precious metal (bullion) and kept as a store of value or an investment rather than used in day-to-day commerce, or collectable, with numismatic value beyond that of its ...
* 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 i ...
*
Mexican peso The Mexican peso (Currency symbol, symbol: $; ISO 4217, currency code: MXN; also abbreviated Mex$ to distinguish it from peso, other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official curre ...
*
Silver as an investment Silver may be used as an investment like other precious metals. It has been regarded as a form of money and store of value for more than 4,000 years, although it lost its role as legal tender in developed country, developed countries when the use ...


References


External links


Mexican mint website
1535 establishments in New Spain Mints (currency) Currencies of Mexico {{mexico-company-stub