Peso Caballito 1910: Value & Real Prices

If you inherited a large Mexican silver coin with a horse and rider on the front, you have a Peso Caballito, and it is one of the more collectible Mexican coins from the early 20th century. In 2026, most circulated examples trade for roughly 20 to 60 USD, while a sharp, certified high-grade coin can bring several hundred. The metal alone gives it a floor.

What the 1910 Peso Caballito actually is

"Caballito" means "little horse" in Spanish, the nickname collectors gave this coin because the reverse shows Lady Liberty on horseback. It was Mexico's one-peso coin struck from 1910 to 1914, widely regarded as one of the most beautiful designs the Mexican mint ever produced. The 1910 date is the first year of issue and marks the centennial of Mexican independence.

Here is what matters for value: this is a real silver coin.

• Metal: 0.900 fine silver
• Weight: 27.07 grams
• Diameter: 39 millimeters
• Actual silver content: about 0.7860 troy ounces
• Design: Liberty on horseback (reverse), Mexican coat of arms with eagle and snake (obverse)

Because it contains almost eight-tenths of an ounce of silver, the coin can never be worth less than its melt value. As silver prices move, so does that floor.

What it is worth

Condition drives everything. A worn coin that spent years in circulation is worth a modest premium over its silver content. A crisp, lightly handled coin, and especially one certified by a grading service, is worth much more.

Grade	Description	Approximate value (USD)
Good / Very Good	Heavy wear, design flat in spots	20 to 35
Fine / Very Fine	Moderate wear, clear detail	35 to 70
Extremely Fine	Light wear, sharp	70 to 150
About Uncirculated	Trace of wear, near mint	150 to 400
Mint State (certified)	No wear, original luster	400 to 1,500+

These are working ranges for the common 1910 date. The top of the market belongs to certified Mint State examples. Well-graded pieces have sold in the hundreds to low thousands of dollars at major auctions such as Heritage and Stack's Bowers, with the finest known survivors reaching the strongest numbers.

Is the 1910 the rare one?

Not especially. The 1910 is the most available date of the Caballito series, so being "old" and "from 1910" does not by itself make your coin rare. Within the series, the sought-after dates are the low-mintage later years, particularly 1914, which is scarcer and commands a real premium.

What separates an ordinary Caballito from a valuable one is condition, not age. A common 1910 in Mint State can easily outsell a worn example of a scarcer date. If you want to know where yours falls, our coin grading guide walks through how to read wear.

How to tell if yours is genuine

The Caballito is one of the more counterfeited Mexican silver coins, so verification matters before you buy or sell.

1. Weigh it. A genuine coin weighs 27.07 grams. Anything meaningfully off, lighter or heavier, is a red flag.
2. Measure it. Diameter should be about 39 millimeters.
3. Check the relief. Authentic strikes show crisp, three-dimensional detail on the horse and rider. Cast fakes look soft and flat, and often have a grainy or pitted surface.
4. Examine the edge. The reeding (the ridges on the edge) should be even and sharp.
5. Test the silver. Real 0.900 silver is non-magnetic. A magnet sticking to it means it is fake.

For any coin you believe is in high grade, professional certification by NGC or PCGS is the definitive answer. It confirms authenticity and assigns a grade, which is exactly what buyers pay a premium for.

Where to sell it

Your best options in the US market:

• Certified auction houses (Heritage, Stack's Bowers) for high-grade or certified coins where you want top dollar.
• Reputable coin dealers who handle world coins and will make an offer on the spot.
• eBay for common circulated examples, though buyers there scrutinize authenticity, so include photos of both sides and the edge, plus the weight.

If you are unsure of the grade, get the coin evaluated before listing it. A common mistake is dumping a Mint State coin at a circulated price because the seller did not know what they had. You can also compare notes with collectors and identify errors or varieties in the Pesoteca forum.

Want a second opinion on your Caballito before you sell? Post clear photos of the front, back, and edge in the Pesoteca community forum and let experienced collectors weigh in on grade and value.

The Mexican peso (symbol: $; currency code: MXN; also abbreviated Mex$ to distinguish it from other peso-denominated currencies; referred to as the peso, Mexican peso, or colloquially varo) is the official currency of Mexico. The peso was first introduced in 1863, replacing the old Spanish colonial real. The Mexican peso is subdivided into 100 centavos, represented by "¢". Mexican banknotes are issued by the Bank of Mexico in various denominations and feature vibrant colors and imagery representing Mexican culture and history. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use its sign, "$". During the era of silver coinage, the Spanish dollar and the Mexican peso circulated globally in trade and as reserve currencies. They were also legal tender in the United States, Canada, and China, and served as a model for the U.S. dollar and several other currencies.

The current ISO 4217 code for the peso is MXN; the "N" refers to the "new peso". Prior to the 1993 revaluation, the code MXP was used. The Mexican peso is the 16th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America.