A total of 32 different coins will be issued, one each month through 2005, for each Mexican state. They will be issued in reverse alphabetical order, with Zacatecas being first, then Yucatán will follow, then Veracruz and finishing with Aguascalientes. This coin is bimetallic with the center of the coin being of 0.925 silver, and the outside ring of the coin an alloy of bronze and aluminum.

Each coin contains 16.812 grams of silver. The Banco de Mexico will determine mintage levels, and it is believed that they will authorize 250,000 coins for each of the 32 states. This coin program could potentially consume over four million ounces of silver.

Although the coin is legal tender, early reports suggest that people are hoarding the coins and not spending them.

The Mint is issuing other silver coins, too. A silver one-troyounce proof coin, with a 10-peso face value, will also be issued with a mintage of 10,000 coins. A bimetallic proof coin, with a face value of 100 pesos, made of gold and silver, will also be issued with a mintage of 1,000 coins.