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You are asking about a One Peso coin from Mexico (KM#459). The coin is 34.5mm in diameter, weighs 16 grams, and is 10% silver, giving it an ASW (Actual Silver Weight) of 0.514 troy ounces). The front has a portrait of a man facing right within a wreath. The back has an eagle with a snake in its mouth within a wreath, with "ESTADOS UNIDOS MEXICANOS" (Spanish for the "United Mexican States") above and "UN PESO 1960" ("One Peso 1960") below. The edge reads "INDEPENDENCIA Y LIBERTAD" ("Independence and Liberty"). 26,259,000 such coins were produced in 1960 at the Mexico City mint.

With silver at US$33.80 per troy ounce (as of July 1, 2011), the "melt" value of the coin is about US$1.74. According to the Standard Catalog of World Coins, the coin is only worth its silver value in circulated condition - in Uncirculated it is valued at US$3.25, and in Brilliant Uncirculated, US$4.50.

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Q: How much is this coin worth silver estados unidos mexicanos un peso 1960 plain edge with the words independencia y libertad around the side?
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