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Twenty centavos (1905-1984)

These were made in nine basic types
Type 1 - .800
Type 2 – Little .800
Type 3 – Monogram
Type 4 - .720
Type 5 – Pyramid
Type 6 – New Eagle
Type 7 – Restyled Eagle
Type 8 – Madero
Type 9 – Olmec

Type 1 - .800

 These were authorised by the Ley Monetaria of 25 March 1905 and the decree of 5 April 1905.

lot 21264lot 21264 reverse
KM-435 1908 20c (Stack’s-Bowers ANA auction, 4 August 2017, lot 21264)

These were composed of 80% silver and 20% copper, had a diameter of 22 mm and weight of 5 g.

Year Mintage  
1905 2,565,000  
1906 6,860,000  
1907 9,434,699 In 1907 the New Orleans mint minted 5,434,619 coins, with a curved 7. The rest, with a straight 7, were made in Mexico. 
1908 350,000  
1910 1,135,000  
1911 1,150,000  
1912 625,000  
1913 1,000,000  
1914 1,500,000 narrow date, wide date


Type 2 – Little .800

On 13 November 1918 Venustiano Carranza reduced the silver content of Mexico’s coins. The reason given in his decreeDiario Oficial, 14 November 1918 were that
(a) as a result of the rise in the global price of silver, the pesos fuertes had long since been driven out from circulation, and the functions of the fractional silver coinage had been hindered by their increasing tendency to disappear;
(b) this was due to unavoidable economic causes, and so the government was unable to prevent the disappearance of the fractional coinage. The remedy was, therefore, to reduce the quantity of pure silver contained in the fractional coin in such a way that there was no inducement to export, recast or simply hide This was all the more acceptable as the fractional coinage had only a representative value, as an auxiliary to the gold coins, that were the basis of the monetary system.
(c) that, since the old silver pesos had disappeared from circulation for some time, there was no longer any reason to consider them as part of the monetary system; and that, since it was desirable to fractional coins worth one peso, it was necessary to demonetize the old silver pesos, thus completing and consolidating the monetary regime established on 25 March 1905, through the country's definitive entry into gold monometallism.

KM 436KM 436 reverse
KM-436 1919 20c

These were like Type 1 but 3 mm smaller in diameter. Mintage was 4,155,000 in 1919. 

When Plutarco Calles authorised the new 10c coin in 1925, he also decreed that the silver 10c, 20c, 50c and $1 coins created by the 13 November 1918 law should be legal tender up to the end of 1925Diario Oficial, Tomo XXX, Núm. 3, 6 May 1925.

Type 3 – Monogram

On 7 January 1920 Venustiano Carranza authorised a new 20c coin in bronzeDiario Oficial, Tomo XIV, Núm. 10, 12 January 1920

KM 437KM 437 reverse
KM-437 1920 20c

These were composed of 95% copper, 2.5% tin and 2.5% zinc, had a diamter of 32.5 mm and weight of 15 g.

Mintage was 4,835,450 in 1920. 

When Plutarco Calles authorised the new 10c coin in 1925, he also decreed that the bronze 10c and 20c coins, created by the 27 October 1919 and 7 January 1920 laws respectively, should be legal tender up to the end of 1925Diario Oficial, Tomo XXX, Núm. 3, 6 May 1925.

However in 1935, when the high price of silver caused the disappearance of silver coins, Mexico again produced these bronze coins, with 20,000,000 pieces dated 1935.

Type 4 - .720

On 27 October 1919 Venustiano Carranza noted that the continuing rise in the price of silver threatened the disappearance of the one-peso, fifty-, twenty-, and ten-centavo coins created by the previous year’s law, and that the government needed to ensure a supply of such coinage to maintain daily commercial transactions, and so issued a new decree, altering the composition of the 20c, 50c and $1 coins and introducing a new bronze 10c pieceDiario Oficial, 31 October 1919.

KM-438

These were same as Type 2 but with reduced silver content (72% silver, 28% copper). They had a diamter of 19 mm and a weight of 3.33 g.

Year Mintage  
1920  3,710,000  
1921 6,160,000  
1925 1,450,000  
1926 1,465,000  6 over 5
1927  1,405,000  
1928 3,630,000  
1930 1,000,000  
1933 2,500,000  
1934 2,500,000  
1935 2,460,000  
1937 10,000,000  
1939 8,800,000  
1940 3,000,000  
1941  5,740,000  
1942 12,460,000  
1943 3,955,000  

 

lot 34399 reverselot 34399 detail
KM-438 1926 20c 6 over 5 (Stack’s-Bowers auction, 17 May 2024, lot 34399)
“The top left corner of the "5" can clearly be seen under minimal magnification”

Type 5 – Pyramid

Because of the hoarding of silver coins, a new 20c coin was introduced in 1943.

KM 439KM 439 reverse
KM-439 1945 20c

The design depicts the Aztec Pyramid of the Sun at Teotihuacán. These had a composition of 95% copper, 4% zinc and 1% tin, a diameter of 28.5 mm and weight of 10 g. 

Year Mintage  
1943  46,350,000  
1944 83,650,000  
1945  26,800,500  
1946 25,695,000  
1951  11,385,000  
1952 6,559,500  
1953 26,947,000  
1954 40,108,000  
1955 16,950,000  

 

Type 6 – New Eagle

On 13 September 1955 Adolfo Ruiz Cortines issued a decree giving the characteristics of new coins of 1c, 5c, 10c, 20c, 50c $1, $5 and $10Diario Oficial, 15 September 1955.

KM 440KM 440 reverse
KM-440 1960 20c

This is like Type 5, but with the eagle redesigned to have stylised leaf-like feathers and very large feet. 

Year Mintage  
1955    
1956 22,431,000  
1957 13,455,000  
1959 6,016,500  
1960 39,756,000  
1963 14,869,000  
1964 28,653,500  
1965 74,161,500  
1966 43,744,500  
1967 46,486,500  
1968  15,477,000  
1969 63,646,500  
1970  76,287,000  
1971 49,891,500  


Type 7 – Restyled Eagle

KM 441KM 441 reverse
KM-441 1971 20c

This is like Type 6, but with the obverse further redesigned such that all the devices are depicted as raised outlines on a flat surface, rather than fully contoured shapes. 

Year Mintage  
 1971     
 1973  78,398,000  
 1974 34,200,000  


Type 8 – Madero

KM 442KM 442 reverse
KM-442 1977 20c

These were authorised by a decree of 29 December 1973Diario Oficial, 31 December 1973. They were composed of 75$ copper and 25% nickel, had a diameter of 20 mm and weight of 3 g.

Year Mintage  
1974  112,000,000  
1975 611,000,000  
1976 394,000,000  
1977 394,350,000  
1978 527,950,000  
1979 4,615,000  
1980  326,500,000  
1981  248,500,000  1981/82, closed 8, open 8
1982  286,855,000  
1983 100,930,000 round top 3, flat top 3  

 

Scott Doll's study of this issue can be found here.

Type 9 - Olmec

KM 491KM 491 reverse
KM-491 1944 20c

These were authorised by José López Portillo in a decree of 21 December 1981Diario Oficial, 28 December 1981. They were composed of 95% copper and 5% zinc, had a diameter of 20 mm and weight of 3.04 g.  

Mintage was 200,000,000 in 1983 and 180,320,000 in 1984.