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| QUANTITY | 3 | 10 | 20 | 50 | 100 | 500 |
|---|---|---|---|---|---|---|
| Mexican Gold 50 Peso (1.2057-oz AGW) | $4,116.17 | $4,110.17 | $4,105.17 | $4,101.17 | $4,098.17 | $4,096.17 |
First issued in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain, the Mexican 50 Peso gold coin is also known as the Centenario.
The Mexican 50 Pesos gold coin is 20% larger than the 1-oz American Gold Eagle coin.
The obverse features the Winged Victory (Angel of Independence), holding a laurel wreath in her right hand and broken chains in her left. In the background, two famous Mexican volcanoes, Popocatépetl and Iztaccíhuatl, rise prominently. The number “1821” in the lower left corner commemorates the year of Mexico’s independence, while the date on the right signifies the year of mintage. Between 1949 and 1972, nearly four million pieces were struck, most of which are dated 1947. These later pieces are referred to as restrikes. The earlier 50 Pesos coins generally carry small premiums over the restrikes, while the 1921 and 1931 coins can carry significant premiums.
The reverse side of the coin depicts the Mexican Coat of Arms, featuring an eagle perched on a cactus with a serpent in its beak.
When Americans regained the right to own gold bullion in 1974, Mexican 50 Peso gold coins quickly emerged as one of the standard options in the gold bullion market, alongside the Austrian 100 Corona.
The tremendous popularity of Krugerrands in the early 1970s overshadowed the 50 Pesos and the Austrian 100 Coronas, which have since remained relatively obscure. Because these coins are not as well-known, Mexican 50 Pesos and Austrian 100 Coronas typically sell at lower premiums compared to Gold Eagles and Krugerrands.
During the World Financial Crisis of 2008-2009, additional Mexican 50 Peso gold coins were minted and shipped to the United States to help meet the high demand for gold.
Each coin contains 37.5 grams (1.2057 ounces) of gold, composed of an alloy that is 90% gold and 10% copper, making it 21.6 karat. For enhanced durability, most gold coins in the Western world are alloyed with copper, similar to the popular American Eagle Gold Coins.
The Mexican Gold 50 Pesos and the Austrian 100 Coronas are excellent options for gold buyers seeking low-premium coins. These coins typically have minimal markups over the spot price of gold. Generally, Austrian 100 Corona gold coins are more widely available than Mexican 50 Pesos coins.
Since these two coins are no longer actively promoted, they tend to carry lower premiums compared to more popular bullion coins, such as American Gold Eagles and South African Krugerrands. Since CMIGS purchases products from the secondary market, we usually have these coins available.
CMI Gold & Silver, with extensive experience in selling Mexican 50 Pesos gold coins since 1974, provides investors with a high level of expertise and confidence. We typically have Mexican 50 Pesos gold coins available at all times. Shipments are usually made within one to two days of receiving cleared funds. When you purchase from CMI Gold & Silver, you can be confident in the authenticity and delivery of your Mexican 50 Pesos, providing you with a sense of security. We are backed by over 50 years of experience providing quality products to investors nationwide.
Call one of our non-commissioned brokers today to get your questions about buying and selling precious metals answered.
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