Mexican Nuevo Peso Appraisal

1993 Mexican 1 Nuevo Peso Coin

This is a Mexican 1 Nuevo Peso coin minted in 1993. It is a bimetallic coin, typically constructed with an aluminum-bronze center plug and a stainless steel outer ring. The reverse side, shown in the image, prominently features the denomination 'N$ 1', where the 'N' stands for 'Nuevos' (new) pesos, a currency reform nomenclature used in the early 1990s. Above the numeral is the year '1993', and to the right is the 'M°' mint mark of the Mexican Mint (Casa de Moneda de México). The outer ring is decorated with a stylized design inspired by the Ring of the Radiant Sun from the Aztec Sun Stone. Physically, the coin appears to be in circulated condition with visible surface scratches, minor dings on the rim, and a slight darkening of the brass-toned center due to oxidation. There are no signs of major structural damage or cleaning beyond standard use. The craftsmanship is high, indicative of modern industrial minting techniques of the late 20th century. This specific series is historically significant as it represents Mexico's transition into the 'Nuevo Peso' currency system following a period of high inflation.