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Mexican Peso Gold Coin
- .9000 fine gold (21.6 kt)
- Minted from 1921-1947
- 1.2057 oz. pure gold
- Low premiums
The Mexican 50-Peso gold coin (“Peso”), also known as the Centenario, is best known for its unusually high gold content. Weighing in at just over 1 1/3 ounces troy, the Peso’s 90% (21.6 karat) purity assures a content of slightly more than 1 1/5 ounce of pure gold – 20% more than standard one-ounce gold bullion coins.
The Peso was first struck in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain. It remained in regular mintage through 1931, and then resumed in 1942 to meet the rising demand for gold bullion. Over two million pesos were struck in 1945 and 1946 and four million more were minted with the date 1947, most of them restrikes produced between 1949 and 1972.
The early pesos make excellent rare coin investments, while the plentiful later coins are ideal for bullion investment. The Peso, however, is much more than a beautiful commemorative of a nation’s birth. It is an allegorical tribute to the Mexicas, successors to the Aztecs, and to the rich heritage of the Mexican people.
On the Peso’s obverse is El Ángel de la Independencia, the Angel of Independence. In her left hand she holds the broken chains of her liberated people; held high in her right hand is a laurel wreath, an allegory for great nobility, honor, and spirituality. The Angel is seeking a wise and noble soul on whom to rest the mantle of laurel and lead the new nation to greatness.
Behind the Angel stand Popocatepetl and Iztaccíhuatl, two of the highest volcanoes in the western hemisphere and symbols of liberation from Aztec rule.
The Mexican coat of arms featured on the reverse portrays an eagle perched on a prickly-pear cactus – the divine sign given by the Aztec god Huitzilopochtli to the Mexica people telling them where to build the city of Tenochtitlan. The serpent in the eagle’s beak is a symbol of wisdom, and is closely associated with the second Aztec sun god, the feathered serpent Quetzalcóatl.
Whatever your investment needs, the historical allure of the Mexican 50-Peso Gold Coin can only enhance an already exceptional value.
My first order of business was to find a dealer that I could trust. After considerable research, Certified Gold Exchange was at the top of my list. When I contacted CGE, I was introduced to Pat Collins. From our first discussion, Pat clearly understood the situation and developed a plan.
Long story short, Pat earned my trust with his friendly demeanor, patience, and metals experience. I'll be calling CGE and Pat for my next transaction. Many thanks Pat!
From the beginning of contacting Patrick Collins the process was efficient and professional. Pat provided regular communication and helped me at every step. The length of time from start to finish was much quicker than I was expecting thanks to CGE.
I want to thank Pat and his team at Certified Gold Exchange for a smooth and efficient transaction.
being new to selling metals, Patrick walked me step by step in the process through distributions with my IRA. Whenever I contacted him with questions or concerns, he replied within an hour or minutes to resolve my percieved issues. What a comfort Patrick has been in this (at times) somewhat stressful process.
Thank you Patrick!
It was my first time selling precious metals and they made the process as seamless as possible, despite multiple hiccups caused by my chosen custodian failing miserably. I will choose this team for every precious metals purchase or sale in my future.
I decided to invest $60k and in just three months it's over $120k! Not only that, the team at Certified Gold Exchange has excellent customer service.
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When I spoke with coin dealer David White, he was able to give me a quote in 3.5 hours. He also explained the importance of shipping my coins via registered mail with the Post Office. David said that the Post Office requires a registered box to be sealed with brown paper tape to prevent tampering. David emailed me links to sites that showed the right tape to use and how to seal the box. He called several UPS stores in my neighborhood to try to find the tape for me. In the end, I bought the tape from the Post Office. David explained that while Fedex and UPS would ship the coins, since they are not allowed to ship gold or silver, I would have no recourse if my coins were lost. David even gave me his home number so I could reach him after hours if necessary.
My experience with Certified Gold Exchange, Inc. stands in stark contrast with how two other coin brokers responded. The firm from which I had bought most of my silver coins never called me back. On November 13 when I called the broker from whom I had bought most of my gold coins, I couldn't get through on the phone. So, I emailed them and it took 5 days for them to respond! The broker didn't give me a quote until December 2 -- and then only for some of the coins! He said he would tell me what they would pay for the other coins after I shipped them!
In addition, that broker explained that one of their customers had lost all their coins valued at $22,000 because the box was tampered with and they had failed to insure them for the full amount. However, I knew by then that if the firm had told the customer to ship the coins via registered mail as Certified Gold Exchange, Inc. does, the box could not have been tampered with.
So, Certified Gold Exchange, Inc. is the only gold and silver dealer I recommend. The level of service is truly remarkable.
Your interest in helping me on such short notice shows how much you care for your clients. I hope 🤞 to have you as one of my financial team in the future.
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