The Mexican 50 Peso is an extremely beautiful coin and approximately 20% larger than most of its counterparts.
Mexican 50 Pesos and the Silver Libertad are not always available, but when they are they offer gold bullion coin investors and silver bullion coin investors coins with relatively small premiums for relatively beautiful coins.
Each Mexican 50 Peso, also known as the “Centenario“, contains 37.5 grams or 1.2057 ounces of gold in an allow of 90% gold and 10% copper (21.6 karat). Most gold coins in the West, to be certain, are alloyed with copper, like the American Gold Eagle Coins. The South African Krugerrand was anticipated to circulate, and thus contains a copper alloy that gives it a pink finish.
The Centenario or 50 Peso was first minted in 1921. The Mexican gold coin commemorates the 100th anniversary of Independence from Spain.
The Gold 50 Pesoobverse features an image of Winged Victory with a laurel wreath in her right hand and broken chains in her left. In her background, two famous Mexican volcanoes, Popocatepetl and Iztaccihautl, rise in the background. The 1821 on the lower left commemorates the year of Mexico’s Independence. The date on the right indicates year of mintage.
Between 1949 and 1972, however, approximately four million gold 50 Peso Centenarios were struck, most likely all dated 1947. These are considered restricts; the earlier 50 Pesos have a smaller premium than the restrike 1947 Gold Centenario.
The 1921 Centenario and 1931 Centenario can carry considerable premiums. The reverse depicts the Mexican Coat of Arms, which is an eagle perched on a cactus with a serpent in its beak.
On December 31, 1974, as US citizens regained the right to own gold bullion, the Mexican 50 Pesowas a favorite among gold investors alongside the Austrian 100 Corona.
The popular Krugerrand made Gold 50 Pesos and the Austrian 100 Coronas less popular. These coins sell at low premiums compared to Gold Eagles and Krugerrands.
Mexican Gold Coin 50 Pesos and Austrian 100 Corona gold coins are ideal for gold buyers who want low premium gold coins, coins that have small markups over spot.
For these reasons and others, investors looking for low premium gold coins should consider Mexican 50 Pesos gold coin. The Centenario de Oro
The obverse design was inspired by the image of Nike, the winged Roman God of Victory. The coin in fact depicts the iconic El Angel de la Independencia, or Angel of Independence, as she holds a laurel leaf in her right hand and broken chain her left.
The original Centenario design was used in the later Libertad gold bullion and silver bullion coins.
La Casa De Moneda
Hernan Cortez led the conquest of Mexico for Spain and took the Aztec City of Tenochtitlan in 1521. The Spaniards built Mexico City with the rubble from Tenochtitlan.
The Spaniards discovered that the wealth of “New Spain” was gold and silver and could most easily be exported as coins. Hence, the Mexico Mint was established by the Spaniards in 1535.
In 1810, Mexico obtained its independence from Spain and the mint then started producing mexican coins. The main client of the Mexican Mint today is the Banco de Mexico.
|Composition:||90% gold (21.6 karat), 10% copper|
|Gross Weight:||1.3396 troy oz (41.6666 grams)|
|Actual Gold weight:||1.2057 troy oz (37.50 grams)|