1914 S1P Type 2, Caballito, KM-453 MS (KM-453)

The 1914 Caballito is the last coin of this series of Coinage..The Caballito, a/k/a Horse Peso or Little Horse Peso, were minted from 1910-1914. The date has the lowest mintage for the series and is rarely found in uncirculated grades. All Caballito Peso's are made of 0.9027 silver (often referred to as "Mexican Silver" for the higher silver content),  and 0.0973 copper. The 1914 has the smallest mintage of the series at 120,000.

The 1914 Caballitos are struck with type 2 dies and are considered the key to the series.

1914 Caballitos are some of the scarcest to find.  With a low mintage comes a low population of graded examples. The 1914  population consists of just a single coin in MS-64 at both NGC and PCGS. It is not unusual to find a "Catorce" with an altered date, making it a counterfeit. Often a numeral 4 is transferred from another coin and placed in last position on a genuine common dated Caballito.

Obverse Description

The Obverse features the Mexican coat of arms, depicting the Aztec legend of a Mexican Eagle grasping a snake in its beak and right claw while standing on a Prickly Pear Cactus on a rocky outcrop on Tenochtitlan in Lake Texcoco. Estados Unidos Mexicanos appears above, Oak and Laurel wreath below. Un Peso in bold letters in field on either side of Cactus. Lenticular pattern around face of outer edge.

Reverse Description

The Reverse of the Caballito is the money side as we say in numismatics. It depicts a young woman rider, symbolically representing Liberty, side sitting on an unshod Mexican bucking horse that carries no saddle. Both the horse and rider face to the left. The female rider holds a torch raised high in her left hand as she looks to the rear while urging the horse forward. The flames of the torch flow horizontally to the right. Her right hand holds a branch from an Encino Oak. Liberty is wrapped in loose flowing cloth representing the fabric of society. The Horse has no saddle, no bridle or reins. Behind the horse and rider is a radiant rising sun with its crown breaking above the earth sending 14 rays of light into the sky. Around the outer face is an alternating "lenticular" pattern interspersed with "snaps". The date on the coin sits in the space below the textured ground the horse stands upon, with a raised dot on either side.

Source: Allan Schein