If you need to know more about old Mexican 50 pesos price, history, value and other information about the famous Centenario, this is the right place to be.
This heavy old Mexican 50 pesos gold coin was designed by the artist Emilio de el Moral. On the back of this coin we see La Victoria Alada holding in his right hand the crown of laurel and in his left hand a few broken chain links. Flanking this are two famous Mexican volcanoes Popocatepetl and Iztaccihuatl.
At the bottom of the coin, we find two dates, the first one located to the left corresponds to the year of independence 1821, while located on the side right is usually the year of production of the coins. The inscriptions are located on volcanoes of: 50 Pesos (left) and 37.5gr pure gold purity (right).
On the obverse is one of the Mexican national symbols: the eagle perched on a cactus (another national symbols) holding a snake with his beak.
On the Ridge, we read INDEPENDENCE and FREEDOM
Old Mexican 50 Pesos
The coin weighs 41,66 grams, measures 37, 1mm in diameter and contains 37.5 grams of pure gold (1,2057 oz).
More than 12 million coins were manufactured between 1921 and 1972. The coins minted in 1947 are of very good quality, but those made before this are usually more expensive, because of their age and scarcity.
The coins (about 89,000 copies) minted in 1943 are of slightly different dimensions. Their diameter is about 39 mm, but their weight is identical to the other currencies.
The old Mexican 50 pesos Centenario is a coin of long-term investment and is still highly sought after in the Hispanic world, in Spain and in Latin America mainly. Probably because of its size and scarcity, it’s been catching up with the Kruggerand over the last few years.
Even if the premium above spot price is small for this coin (usually 15-20%), it today is a suitable choice for an investor in gold coins in the long run. It is clear that in the event of a serious crisis, the premium of this currency would rise, and more so in Hispanic countries. Contrary to the Krugerrand, the production of the 50 Pesos Centenario has ended, so it is facing its own rarity.
When buying, beware of fakes! Try to favour recognised dealers and to avoid one-to-one personal transactions with people you don’t know. This coin has been much copied and there are numerous forgeries circulating on the market.
Buying an old Mexican 50 Peso Centenario coin today, to sell it when the premium has matured, can be a very smart decision.
When the Americans again won the right to own gold on December 31, 1974, the old Mexican 50 Pesos Centenario rapidly became the standard bearer for purchases of physical (not vaporware) gold. The Krugerrand was not yet at that time sufficiently well known.
Many commercial exchanges between Mexico and the United States used to be made with gold coins. Those days of physically handing gold over are gone, but who knows, with the fall of the dollar, this way of trading may one day perhaps return. Gold has, after all, held and increased its price well over the decades.