5 Pesos Múgica 2008 (Mexican Revolution Centennial): What It's Worth

If you inherited a 2008 Mexican 5 Pesos coin with a portrait of Francisco J. Múgica, here is the honest answer: the regular circulating version is worth about face value, roughly 25 to 50 US cents. The silver proof version, sold by Banxico in a case, is the one worth real money, typically 15 to 40 USD depending on condition and whether it still has its original packaging.

This is not a rare treasure. It is a modern commemorative coin, minted by Banco de México (Banxico, Mexico's central bank) in 2008 as part of the "Centenario de la Revolución Mexicana" (Mexican Revolution Centennial) series. Millions of the circulating type went into everyday pockets. The value comes almost entirely from one thing: whether your coin is the plain circulating version or the silver proof.

How to tell which version you have

Both versions are bimetallic (two metals): an outer ring of aluminum-bronze around a center disc. The difference is the center.

• Circulating version: the center is a base-metal alloy, same as the 5 pesos you'd get as change in Mexico. Worth roughly face value.
• Proof version: the center is .925 sterling silver, struck to proof quality (mirror finish, frosted design) and originally sold encapsulated in a Banxico case. This is the collectible one.

If your coin came loose in a jar of change, it is almost certainly the circulating type. If it came in a plastic capsule inside a presentation box, you likely have the silver proof.

Specifications (both types)

Spec	Detail
Denomination	5 Pesos
Year	2008
Weight	9.76 g
Diameter	30.52 mm
Edge	Plain (smooth)
Composition	Aluminum-bronze ring, center in .925 silver (proof) or base alloy (circulating)
Series	Centenario de la Revolución Mexicana
Issuer	Banco de México (Banxico)

What it's actually worth in 2026

Version	Condition	Approx. value (USD)
Circulating	Worn	Face value, about 0.25 to 0.50
Circulating	Uncirculated	1 to 3
Silver proof (no box)	Toned or handled	10 to 20
Silver proof (with Banxico case)	Original packaging	20 to 40

These are collector-market ranges. The silver proof holds a floor because of its .925 silver center, but that center is small, so this is not a bullion play. You are paying for the proof finish and the complete series appeal, not for a stack of silver.

A note on the full set: this coin belongs to a multi-piece Revolution Centennial series honoring figures like Múgica. Complete boxed proof sets sell for more than the sum of single coins, so if you have the whole collection intact, keep it together.

The myth to ignore

Social media posts claim modern Mexican 5 pesos coins are worth hundreds or thousands of dollars. For the standard circulating 2008 Múgica coin, that is false. It is a common coin. The prices that get shared online almost always show the silver proof or a genuine mint error, not the coin most people actually have.

Speaking of errors: real minting errors (off-center strikes, die rotation, doubled dies) can multiply value. But the vast majority of "errors" people post are post-mint damage, dings, scratches, and corrosion, which add nothing. If you think you have a genuine error, get it verified before you get excited.

How to check authenticity

Weigh it on a jewelry scale and measure the diameter with calipers. It should be 9.76 g and 30.52 mm. Fakes usually miss on weight or diameter, or show flat, mushy relief and off colors. A genuine silver-center proof has a sharp mirror field and frosted raised design; a dull, grainy center on a coin sold to you as "silver proof" is a red flag.

Where to sell it

For the silver proof, your best options are a verified coin dealer or a collector marketplace where buyers know the series. Photograph the front (anverso), back (reverso), and edge, and note whether you have the original Banxico case. That packaging genuinely adds value, so mention it.

Skip dumping it on a general marketplace at the first offer. For a circulating example worth a dollar or two, honestly, it is not worth shipping to a buyer; it's a keeper or a gift, not a payday.

If you want a straight read on which version you have and what it should fetch, post clear photos in the Pesoteca buy-and-sell forum, or browse the verified dealer directory to get it appraised in person. Curious whether yours might have a real mint error worth flagging? Share it in the Pesoteca forum and let the community take a look.

Francisco Jose Mugica Velazquez: general, constituent deputy and governor of Michoacan

Francisco Jose Mugica Velazquez (1884-1954) was a general, constituent deputy and governor of Michoacan during the Mexican Revolution.

Mugica was one of the most radical drafters of the 1916-1917 Constituent Congress. He chaired the commission for article 3, which enshrined secular and free education, and took an active part in drafting article 27 on land ownership. He was governor of Michoacan between 1920 and 1922.

Context of the year. The piece is from 2008 and honors the progressive wing of constitutionalism. His interventions in Queretaro were key to tipping the balance in favor of the social articles.

The reverse of the coin. The reverse of this 5-peso piece shows the portrait of Francisco Jose Mugica Velazquez, his engraved signature and the year 2008, in accordance with the official catalog of the Bank of Mexico for the commemorative series of the Centennial of the start of the Revolution (1910-2010).

Legacy. He is a reference point for later Cardenismo. Teacher-training colleges in the state of Michoacan and an avenue in Morelia bear his name.