Moneta
Registered: August 2005
Location: Arizona USA
Posts: 2,365
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A very popular type that was struck between 1910 and 1914. I recently updated the photo to this. Purchased at auction from J. Long. NGC MS63, none have been graded higher by NGC. It is often considered Mexico’s first commemorative coin, as it was struck to mark the centennial of the Mexican War of Independence, which lasted from 1810 to 1821. The 1910 Caballito obviously celebrates the centenary of the revolution of 1810, it's also the most affordable issue with the most struck (3.814 M).
The coin features a female representation of Liberty riding sidesaddle on a small horse (caballito) and holding a torch and laurel branch high above her head. Sun rays beam behind her, symbolizing independence, hope, and resilience. The obverse of the coin, commonly mistaken for the reverse, bears the image of a Mexican Golden Eagle perched on a cactus and grasping a writhing snake in its mouth.
The Caballito Peso was designed by Beaux-Arts era French engraver and medalist Charles Pillet. His exquisite design was first patterned in 1907 for the 50-centavo coin but was later adapted as a Peso pattern in 1909. The series was struck at the Mexico City branch of the Mexican Mint during the coin’s entire 1910 through 1914 run.
This coin is a challenge to grade properly due mainly to inadequate dies and strike pressure.
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