The 50 Pesos Gold coin is the largest bullion coin ever made by the renowned La Casa de Moneda de Mexico, or Mexico Mint. This coin is 20% larger than the similar American Gold Eagle coin, making it a cost-effective solution to add gold to your collection with just one purchase.
Mexican Peso Gold Coins Background and History
The larger Mexican Gold coins in the denomination of 50 pesos have long appealed to coin collectors and investors alike. They are popularly known as “centenarios” since their anniversary coincides with Mexico’s 100-year anniversary of independence from Spain, which it finally achieved in 1821. Emilio del Moral created these stunning and historically significant pieces. Due to their tremendous popularity, the Mexican Mint first minted them from 1921 to 1931, then again from 1943 to 1972.
Since 1535, when Spanish Viceroy Antonio de Mendoza founded the legendary institution, La Casa de Moneda de Mexico has minted Mexican coins. The original and oldest mint facility and establishment in the Americas is still in operation. The beautiful 50 Pesos Gold coins include prominent emblems from the country’s Colonial and Mesoamerican periods. The Mexican Mint resumed manufacture of these centenario gold pieces from 1943 to 1972, owing to their popularity. The vast bulk of these reprinted Pesos have a 1947 restrike year on them. They were all given formal legal currency status by the Banco de Mexico, which they still have today. These coins were initially produced in Brilliant Uncirculated grade, but currently range from Almost Uncirculated to Brilliant Uncirculated.
Mexican Peso Gold Coins Physical Characteristics
Mexican Peso Gold coins come in a variety of denominations. The 50 pesos (1.2057 troy ounces), 20 pesos (.4823 troy ounces), 10 pesos (.2411 troy ounces), five pesos (.1205 troy ounces), 2.5 pesos (.0602 troy ounces), and two pesos (.0482 troy ounces) are among them. The 50 Pesos gold coins are the most popular and widely produced. These are also the largest gold coins ever made in Mexico.
The obverse is the side of a coin that faces outward. The image of Winged Victory, the revered angel of independence, holds a laurel wreath in her right hand and the broken chains of colonialism in her left hand on the obverse of the 50 Pesos Gold pieces. Popocatepetl and Iztaccihautl, two significant Mexican volcanoes, rise in the background. The year 1821 is engraved in the lower left corner as Mexico’s independence year. On the right, the actual mintage year is boldly marked.
The “reverse” side of the coins is always referred to as such. The famous Mexican Coat of Arms is seen on the reverse of the coin. It is symbolised as an eagle perched atop a cactus holding a serpent in its beak. From 1949 to 1972, about four million of these coins were produced in the second series. The vast majority of them have a date of 1947 on them. These are referred to as “restrikes.” These restrikes have a higher premium than earlier 50 Peso coins. Coins from the years 1921 to 1931 have a much higher premium over gold values.
The 50 Pesos Mexican Gold coins are the most popular the country’s Mexico City National Mint ever struck and released. Their specifications are as follows:
- Mass: 1.2057 troy oz
- Diameter: 37.1 mm
- Thickness: 2.69 mm
- Content: 1.085 troy oz. actual gold content
- Purity: 90.0% gold, 10% copper alloy
Mexican Peso Gold Coins Pricing
In the Republic of Mexico, gold peso coins were issued as legal money. Their face values ranged from two pesos to more than fifty pesos. While these coins might be used for everyday transactions in Mexico, no one would trade them for such a low price in practise. The reason for this is that the real value of these stunning bullion coins is far greater than their modest face value suggests. The spot price of gold, as well as the related supply and demand levels, determine the actual worth of these magnificent coins.
The American Internal Revenue Service has complete control over which bullion coins can and cannot be contributed to IRA retirement accounts. These precious metals IRAs can only hold bullion that meets the IRS’s minimum purity and limited collectibility standards. The government has also decided that you cannot start a retirement account like this unless you first fund it with $5,000 in qualifying gold and silver bullion coins or bars. Later purchases can be used to buy sanctioned coins for as little as $1,000. If you already have an IRA account, you can transfer it to a self-directed precious metals IRA easily and quickly. You’ll need to permit a third-party depository to vault your approved gold bullion once it’s been acquired and dispatched. They will ensure safekeeping in accordance with IRS regulations.
Can IRA Accounts Contain Mexican Peso Gold Coins?
The IRS does not allow these coins to be included in a precious metals IRA, despite the fact that they are attractive and larger gold pieces. They fail the metal purity test since their only gold fineness is.900, which falls short of the IRS’s.995 minimal requirement. The tax authorities also regard these coins to be excessively collectible, with a premium over current gold prices. Even though these historical pieces are not allowed in precious metals IRAs, they are still a great way to build up a gold position for investment or retirement. These coins are available for purchase from world gold bullion dealers all over the world.
In reality, it is this intrinsic worth that determines the market value of these coins, as well as the value of retirement and investment portfolios that include them. These coins have a significant premium above spot gold prices. The reason for this is due to their collectible qualities. The expense of mining and releasing such coins into circulation also contributes to the premium. The true market worth of these bullion pieces fluctuates with the constantly fluctuating gold price every market trading day. By visiting our homepage, you may easily and quickly calculate the daily real-time actual price of gold.