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1932-MO Mexico 1 Peso Type 3 72% Silver Cap Rays is the KM-455 issue struck at the Mexico City mint, the variety collectors seek when they want the classic “Cap and Rays” peso in its final silver form. The obverse carries the national coat of arms with the eagle perched on a cactus, while the reverse displays the radiant Phrygian cap above the denomination and date.
Its 72 % silver composition places the coin squarely in the last series of Mexican pesos issued in precious metal, giving the piece both historical and metallurgical interest. Collectors add the 1932-MO to type sets because it is the final year of the design, and investors appreciate the tangible silver content when assembling a modest peso collection.
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