Mexico's gold peso coinage is highly prized in numismatic circles worldwide and has a noteworthy historical significance. It helped celebrate Mexican independence and cultural heritage by continuing the centuries-long legacy of the first mint in North or South America. Explore this blog to learn about the Mexican Mint and the benefits of holding Mexican gold Pesos coins as investments.
The
Mexican gold Peso
was a highly sought-after gold coin for investment purposes before the release of the Krugerrand. Millions of them are still in circulation even though none have been produced since 1972, making it an alluring option for anyone wishing to increase the amount of gold in their portfolio.
About Mexican Mint
The oldest mint,
Mexican Mint
in the Americas and the entire Western Hemisphere, was founded in 1535 at the Casa de Moneda de México. Mexico is rich in natural resources, including gold and silver, so the numismatic and precious metal investing communities have a long history with gold coins from Mexico. Because of its high-quality coins and widespread circulation, the Casa, known in Mexico, is a very prestigious mint. The Spanish viceroy, Antonio de Mendoza, put into effect a charter suggested by the Spanish crown, which led to the construction of the mint.
Background of Mexican Gold Pesos
Spanish colonization brought the peso to Mexico for the first time. The Mexican Gold Peso was first minted in 1921 to mark the 100th anniversary of Mexico's arduous victory over Spanish colonial rule. The Casa de Moneda de México website states that "República Mexicana" was engraved on coins and pesos before 1905. In contrast, in honor of the conclusion of the Mexican War of Independence, this description was changed to "Estados Unidos Mexicanos" after 1905.
Design of Gold Pesos
The 1.2057 ounce, 50 peso Centenario Mexican
gold coins
are among the most well-known Mexican coins. 90% pure gold strikes gold Centenario coins and 10% copper is added for balance. The striking statue of a bare-breasted angel in the center of Mexico City, known as Winged Victory or the Angel of Independence, is shown on the reverse of these coins. The coin depicts the statue in an open mesa with the distant volcanoes Popocatepetl and Iztaccíhuatl, even though the site is now a thriving urban sprawl. The Mexican coat of arms, which depicts an eagle perched atop a cactus while it devours a snake, is usually displayed on the obverse of Mexican peso coins.
The Mexican 20 Peso coins made of gold are renowned for their captivating design. These coins have a common obverse with the 50 peso coins, while their reverse design features a replica of the “sun stone” intricately carved in the Aztec culture. The magnificent sunstone of Tenochtitlan, the capital of the Aztecs, was buried under debris in the sixteenth century and wasn't found for more than a century. This excellent work, a suitable cultural emblem for contemporary Mexican gold coins, demonstrated the Aztecs' grasp of sophisticated mathematics and cosmology.
Like their elder siblings, the Mexican 2 Peso gold coin features a centered denomination surrounded by a graceful garland wreath, exuding timeless simplicity. The 5 Peso gold coin pays tribute to Miguel Hidalgo, a key figure in Mexico's fight for independence, with a depiction of him and related symbols.
Popular Gold Pesos Coin to Buy at BOLD
1) Mexican 50 peso Gold Coin
The 50 peso gold coin is the biggest bullion coin ever made by the renowned La Casa de Moneda de Mexico or Mexico Mint. This rare coin has very little in common with its counterpart, the 50 peso note, which also happened to win the 2021 Bank Note of the Year Award, aside from face value. With just one piece to buy, this outstanding coin is an economical way to add significant gold to your holdings because it is 20% larger than the American gold Eagle coin
Produced in 1921, the Mexican gold 50 Pesos, also referred to as the "Centenario", Following a challenging and expensive 11-year war, Mexico gained independence from Spain 100 years ago, when it was first released.
The stunning Angel of Independence is depicted on the coin's obverse. The image, also known as the "Winged Victory", is taken from the Monumento a la Independencia, one of Mexico's most well-known structures. The renowned Mexican Coat of Arms is displayed on the coin reverse. It is symbolized by an eagle perched atop a cactus with a serpent in its mouth.
The Mexican government mint guarantees the gold 50 Pesos, a global bullion coin that continues to be the benchmark for bullion investors everywhere.
2) Mexican 20 peso Gold Coin
The Mexican gold 20 pesos, known as the "Azteca," was introduced in 1917. The Banco de Mexico consistently produces high-quality coins, as evidenced by the 20 Peso Mexican gold coin. These coins, made of .4823 troy ounces, have a striking design and are a part of Mexico's rich peso history.
The coin's obverse design is very unique and easily identifiable. A picture of the circular stone Aztec calendar is in the upper two-thirds of the field. The calendar's detailed engraving is astonishing for a coin this size.
The reverse design features a fierce eagle with wings outstretched, perched atop a cactus, and modeled after Mexico's coat of arms. A snake hangs from its razor-sharp beak, struggling desperately and imprisoned in a death grip. With a firm grip on the snake's lower body, the eagle's right talon ensures victory.
3) Mexican 10 peso Gold Coin
During the monetary reform of 1905, the "Hidalgos" was introduced as the initial Republican coinage. There is .2411 troy oz of fine gold in ten pesos. The reproduction of Miguel Hidalgo y Costilla, a national hero, is displayed proudly on the obverse. He became known as the father of Mexican independence after making an ardent speech on September 16, 1810, calling for a revolution against the Spanish. The Mexican coat of arms and the typical era eagle are featured on the reverse.
4) Mexican 5 peso Gold Coin
Even with its widespread use in circulation, the beauty of the Mexican 5 Peso gold coin might be easily overlooked. It is now highly valued and collectible. These coins are made of .1206 troy oz of .90 pure gold, have a striking design, and are a testament to the rich history of the Mexican peso.
5) Mexican 2 peso Gold Coin
The Mexican 2 Peso gold coin, smaller than a US dime, is more valuable now than ever. Due to changes in the times, this small coin has become a highly sought-after collectible. These coins are made of .0482 troy oz of .90 pure gold. The stock on hand determines the year and condition you receive.
This coin's obverse side has a relatively simple design. A pair of laurel leaves encircle the middle text, "DOS PESOS". It reminds us of the US Wheat pennies. The year of issue appears at the top.
The coin's reverse bears the National Coat of Arms of Mexico. This picture depicts the Aztecs' encounter when they saw a Mexican gold Eagle holding a rattlesnake in its mouth. They took this as a sign that this was the right place to establish their magnificent city. Mexico City was founded in that city. The eagle utilizes its beak and claws to capture the snake while perched atop a cactus.
Advantages of Buying Mexican Gold Coins
Collectors can enjoy three distinct advantages when investing in Mexican gold coins. Mexico's national mint is renowned for its vaults, which cater to all preferences, whether you're seeking weighty amounts of pure gold or coins with rich historical and cultural significance. With their high gold content, intricate designs, and significant historical and numismatic value, modern Mexican gold coins are an attractive investment choice for those who stack gold coins.
1) High Gold Content
Although they don't have quite the same high purity as coins like the Canadian gold Maple or the gold Britannia, Mexican gold coins are still reasonably acceptable. Compared to the Mexican Gold Libertad, the purity of the 50 Peso gold coin is lower.
Your Mexican gold coins will appreciate in tandem with an increase in the spot price of gold. Our Mexican gold coins possess value beyond their pure gold content. In addition to investing in
gold bullion
coins, investors should consider their numismatic value and beautiful designs when making decisions.
2) Beautiful Designs
The beauty of the designs produced by Mexico's national mint cannot be disputed. Mexico's most enduring cultural symbols are presented on the coins mentioned above. Some coins feature the Libertad on the obverse, while the traditional Mexican coat of arms is honored on the reverse of the coins. Mexican gold coins have a brighter appearance than other popular gold coins from other countries, even though their purity is slightly lower than some other popular gold coins. The bullion fineness of these coins is .90 or .999.
3) Numismatic/Historical Value
Purchasing coins with a numismatic value is highly recommended for investors looking to diversify their precious metal portfolios. A coin's value assigned in addition to its gold content is known as its numismatic value. Put another way, coins with high collectability are more valuable than those only struck with a large amount of pure gold. Mexican gold coins are a great addition to your portfolio because of this.
Coins with significant numismatical value may help investors weather a downturn in the gold market come out ahead. Investors also adore these coins because of the historical significance of the Mexican national mint. These coins carry designs representing important symbols of Mexican culture and identity, packed with centuries of history.
Conclusion
Coins made in Mexico called Gold Pesos offer a distinctive approach to investing in precious metals. Together with their metal content and rarity, these coins will endure over time. You can give your heirs a genuinely one-of-a-kind gift, knowing that its luster will last for generations.
BOLD is thrilled to offer this wide range of Mexican gold coins at the lowest premiums. Because of our reputation and excellent customer feedback, you can be confident that purchasing these Mexican Gold Peso coins at BOLD will securely diversify your investment and collection portfolio.
