Mexican 50 Peso Gold Coin: Commemorating Mexican Independence With Gold

Posted on Monday, April 13th, 2009 | In Investing

Contributed by: ChristinaGoldman () -

by Christina Goldman

The Mexican 50 Peso gold coin would be a perfect addition to any coin collection. After all, what collection would be complete without a fine set of Mexican gold coins? It is one of the most durable gold coins in the Western Hemisphere, consisting of 90% gold alloy and 10% copper alloy. It’s affordability makes this specimen is a great investment for those collecting gold bullion coins.

This is the first ever Mexican 50 Peso gold coin to be minted and therefore, is also known as the Centenario. It was issued in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain.

The coin displays an image commonly known as “Winged Victory” and is a truly beautifully rendered specimen. She carrys a laurel wreath in her right hand and a segment of broken chains in her left hand. Behind the image of Winged Victory can be seen two of Mexico’s most well known volcanoes. The date 1821 on one side of the coin indicates the commemorative year, while the data on the right will designate the year the coin was minted.

Known as restrikes, roughly 4 million specimens of this particular coin were minted between 1949 and 1972. However, 50 Peso denominations of Mexican gold coins that were minted in 1921 in 1931 and also those produced before 1949 are considered the favorites. The reverse side of the coin features the Mexican coat of arms. An eagle delicately balanced on a cactus holding a serpent in its beak is also displayed.

The Mexican 50 Peso gold coin contains a fineness of .900 and contains 37.5 g troy ounce. For a piece of history and a taste of independence, collectors and investors collecting Mexican gold coins should leave a space in their portfolio for this very special Mexican 50 Peso gold coin specimen.

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