Mexican Gold Peso Coins
If you are a gold bullion coin investor who is looking for gold coins with great value BUT low premium, then you should take a look at the Mexican Gold Peso Coin. Having a face value of 50 Mexican Pesos, it contains 37.5 grams of gold in an alloy or combination of 90 percent gold and 10 percent copper. It has a purity of 21.6 karat. The combination of gold and copper is very common in gold coins in Europe to enhance the durability of gold coins. First issued back in 1921, the Mexican Peso Gold Coins have been created to commemorate the independence of Mexico from Spain.
As for appearance, you’ll surely agree that the Mexican 50 Peso Gold Coin is strikingly beautiful and it’s about 20 percent larger than the well known American Gold Eagle Coin. On the obverse side of the Mexican peso Gold Coin, you will find the image of Winged Victory that comes with a laurel wreath in her right and broken chain on her left hand. Along with that, you will find the images of Popocatepetl and Iztaccihautl – 2 famous Mexican volcanoes, rising in the background. PLUS, you will also find the date 1821 on the lower left of the coin which commemorates the Mexican independence. The date on the right, however, shows the mintage year.
When December 31, 1974 came, the Americans to regain the right to own gold bullion, the Mexican 50 peso Gold Coins quickly became the gold bullion industry standard bearers along with another well known gold bullion coin – the Austrian 100 Corona. Since the CMIGS is situated in Phoenix, Arizona, there is a lot of trading in the Mexican 50 Peso Gold Coin back then. However, nowadays, this isn’t the case.
That’s especially true when the huge success of Krugerrands came in the early 1970’s. It drove the Mexican 50 Peso Gold Coin and the Austrian 100 Corona gold coin into obscurity. The Mexican 50 Peso Gold Coins along with its Austrian companion remained in obscurity up until today. They have been living in the shadows of more expensive and more popular gold coins like the Krugerrands, American Gold Eagle, and others.
However, you should realize this as a coin collector – nobody can take away the fact that, although obscure, the Mexican 50 Peso Gold Coins are some of the finest additions into a coin collector’s arsenal…offering great value at the lowest premiums. It’s a must have for a coin collector – whether veteran or newcomer.
