Shortly after the Mexican Revolution, the newly formed Mexican Government issued their first Peso coin referred to as the "Caballito Peso" or as translated to English Pony or Small Horse Peso.

The Cabillito Peso was a crown size coin struck in 90.3% silver to celebrate the War of Independence and was issued from 1910 to 1914. Today, it is a highly collected coin for both Mexican coin collectors as well as Silver World Crown collectors and is regarded as one of the most beautiful crown sized designs in not just Mexico but throughout North America.

Design
The obverse design features the Mexican coat of arms, an eagle clutching a snake while it perches on a prickly pear cactus and the denomination "UN PESO". On the outer periphery is the phrase "ESTADOS UNIDOS MEXICANOS" or as translated to English "United Mexican States".

The reverse design features a woman riding a horse holding a torch high above her head and in her other hand holding a laurel branch. In the background is a rising (or setting) sun with rays.

The coin edge is lettered with the phrase "INDEPENDENCIA Y LIBERTAD" (Independence and Liberty).