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Mexico to Update 1-, 2- and 5-Peso Coins in 2025 With Electroplated Steel Cores

Officials say the electroplated steel plan will cut minting costs by up to 400 million pesos a year.

Overview

  • The Casa de Moneda’s 2025–2030 program, published in the Diario Oficial de la Federación, confirms a material shift for the 1-, 2- and 5-peso coins to steel cores with a bronze electroplated finish beginning in 2025.
  • The coins will keep their current size and weight and preserve their visual identity, with a brighter, more uniform tone expected from the bronze coating.
  • Banxico highlights expected savings of 300–400 million pesos annually alongside gains in durability, counterfeit deterrence, and adherence to international minting practices and ISO standards.
  • To meet strong cash demand, Banxico has increased coin orders about 55% since 2021 and projects producing more than 3 billion coins per year, following 2023 trials with Royal Canadian Mint blanks that showed technical feasibility.
  • Routine withdrawals of older B and C coin families continue with legal-tender status maintained, while reports of sharply reduced 50-centavo production are being circulated but are not explicitly mandated in the published program.