Investors looking to acquire gold coins with historically low premiums should consider
the Mexican 50 Pesos gold coin. The 21.5-karat Mexican 50 Peso
is an alloy of 90% gold and 10% copper containing 1.2057 oz or 37.5 grams of gold.
The Mexican 50 Peso, also known as the Centenario de Oro, was first
issued in 1921 to commemorate the 100th Anniversary of Mexico's independence from
Spain by the Casa de Moneda de Mexico (The Mexican Mint). The dates 1921 through
1931 and 1944 through 1947 are regular legal tender issued coins in Mexico, while
the 1943 date, also known as "Tejo", is considered a bullion issue.
Between 1949 and 1972 the Mexican Mint produced an estimated 4 million re-strikes,
that is, a coin that was reissued for a number of years with the same date of 1947
in order to assure it would not gain a numismatic premium. Using the original 1947
dated dies and although they have a monetary marking of “50 Pesos” they are generally
considered to be bullion issues. The original coins produced in 1947 are not distinguishable
from those produced as re-strikes.
Whether you are a serious collector/investor or just a person who happens to like
a certain design, you can find something in the Mexican Pesos series. Contact us
today for coin pricing, the latest on new arrivals and information on our in-house
segregated storage service.
Specifications
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IRA Eligible:
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No
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Gold Content:
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1.2057 troy oz (31.1035 g)
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Composition:
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21.5 karat gold (90% gold, 10% Cooper)
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Weight:
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41.667 g
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Diameter:
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37.08 mm
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Thickness:
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2.69 mm
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Grade:
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Bullion
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Year:
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Various Dates
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Denomination:
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50 Peso
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Mint:
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The Mexican Mint
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Obverse Design
The obverse design was inspired by the image of Nike, the winged Roman God of Victory.
The coin actually depicts the iconic el Angel de la Independencia or the Angel of
Independence. In her right hand she holds a laurel leaf and in her left a broken
chain. Behind her are the Popocatepetl and Iztaccihautl, the famous volcanoes of
Mexico. On each side of the winged angel are the dates 1821, the year in which the
Mexico gained its Independence from Spain and date of the coin’s mintage is inscribed
to her left.
Reverse Design
The reverse depicts a picture of an eagle perched on a cactus feeding on a snake,
symbolizing Mexico's call to arms. Surrounding this depiction are the words ESTADOS
UNIDOS MEXICANOS which translates into United Mexican States.
About the Casa de Moneda (The Mexican Mint)
Hernan Cortez, who led the conquest of Mexico for Spain, took the Aztec City of
Tenochtitlan in 1521. With the rubble from Tenochtitlan, The Spaniards then built
Mexico City, in the same location. The Spaniards soon discovered that the wealth
of “New Spain” was the gold and silver and could most easily be exported in the
form of coins. Hence, the Mexico City mint was established by the Spaniards in 1535.
In 1810 Mexico obtained its independence from Spain and the mint then started minting
Mexican Coins. Today the main client of the mint is the Banco de Mexico.
Fun Facts
One interesting point to note is that the 1943 Mexican 50 gold peso coins have a
slightly different design, the phrase “50 Pesos” on the left side of the coin as
been replaced with “37.5 Gr. Oro Puro” making this phrase repeated on both sides
of the coin.
Stock photo only.