Mexican gold coins have long been a favorite among gold bullion collectors due to their attractive designs and affordable trade prices.
The coins are available in a variety of sizes and weights, ranging from 2 pesos to 50 pesos. (1.2057 of a gram!).
The official gold bullion coin of Mexico is one of the hottest goods on the market when it comes to emerging stars in the precious metals field.
Because of the coin’s remarkable design and purity level, investors and collectors across North America are paying more attention to the Mexican Gold Libertad.
What are Mexican Gold Coins?
Mexican gold coins are available in a variety of denominations and patterns. In 1921, the current Mexican Mint produced the first gold coin to commemorate the country’s independence. Centenarios are a very collectible type of coin.
For almost 500 years, Mexico has been one of the most important suppliers of precious metals due to its location on a land rich in gold and silver reserves.
Mexican gold coins are one of the most valuable and scarce gold bullion items available.
The Gold Centenario coin, initially minted in 1921 by the Mexican Mint, was the first of these extraordinary antique Mexican coins to be sought after by devoted collectors.
It was constructed of 1.2 oz. of.900 pure gold and had a face value of 50 Pesos. It was released to commemorate the country’s 100th anniversary of independence.
Gold Centenarios were issued twice: once between 1921 and 1931, and again between 1943 and 1947. After 1947, all gold Centenarios are reproductions with identical 1947 date inscriptions.
Mexican Gold Peso
These gold pieces inspired the release of one of the most recent Mexican gold coins, the Mexican Libertad, which was made with the same design until 2000.
The Mexican Gold Peso has been in circulation from the 19th century and the early years of the 20th century.
The Mexican Gold coin has face values ranging from 2 to 20 Pesos, which is another popular design of old Mexican gold coins.
The value of Mexican gold coins is determined by their historical worth and gold metal content. Collectors and investors all around the world value these coins because they are uncommon and distinctive treasures.
The 50 Peso, or Centenario, first minted in 1921, is the most popular. In 1921, to commemorate the centennial of independence since the Mexican victory in their war with Spain, the nation issued the Centenarios.
It also issued gold bullion coins with the Winged Victory statue depicted on one side, with volcanoes Popocatepetl and Iztaccíhuatl behind her.
Winged Victory holds a wreath aloft in her right arm, representing the independence of Mexico. In her left hand, she has broken shackles symbolizing the breaking of the bonds of colonialists.
This image represents the famed statue, fondly called El Ángel, that the people of Mexico erected in 1910 in central Mexico City to celebrate 100 years since the beginning of their war for independence from Spain.
The volcanoes in the background take their names from an Ancient Aztec love story.
More on Centenarios
On the opposite site of the coin is the Mexican Coat of Arms depicting a golden eagle holding a rattlesnake in its mouth while sitting on a cactus.
This design reflects the traditional legend of the god Huitzilopochtli telling the Aztec people they should build their city wherever they saw an eagle devouring a snake atop a cactus.
The nation produced these coins from 1921 to 1931.
The ravages of World War II renewed the popularity of gold, and so the Centarios were re-issued in the 1940s. As an interesting side note, the Mexican government never accepted these as legal tender.
As a result, many coins that survive today are in good condition since the government never officially circulated them. The mint retired the Centenario in 1972, opting instead to switch over to the Libertad in 1981.
The Libertad is distinct in that it does not have face value. There is only one other country that does so with bullion coins. However, it is legal tender, and its value is determined by the current gold price.
The Libertad was first issued in 1981, and the government produced about a million coins. These are available in the following weight ranges:
- ¼ ounce
- ½ ounce
- 1 ounce
The first coins issued in 1981 were all gold, but the government began minting silver coins in 1982. Despite their resemblance to Centenarios, aficionados prefer the 1981 coins.
Despite the fact that the Mint first created a large quantity of coins, later re-issues have been infrequent, making them valuable despite their widespread distribution.
The mint did not make more Libertads until a decade later. They added two more weights this time: one-tenth and one-twentieth of an ounce.
Demand for one-ounce coins increased during the next several years, and the government responded by minting more pieces. The volumes of the 1981 Libertads, on the other hand, were never equaled.
If anything, the authorities realized that limiting the number of pieces they provided was a good idea. The mint only made about 16,000 of these coins in 2000.
The mint markings were also set with greater care than on the Centenario. Rather than detracting from the image, they skirt the rim of the coin.
Many individuals believe that the new post-2000 look is more modern and appealing since it is less cluttered.
The Proof Gold Libertad
The first half-ounce proof version of the Libertad was released in 1989. Because these coins were only produced for a year, they are highly collectible.
In 2004, the design was reintroduced as a quarter-ounce coin.
The coin is presently produced once a year by the authorities.
The Reverse Proof Gold Libertad
The Reverse Proof Gold Libertad debuted in 2018 with a 1,000-coin limited edition. Output was halved the next year, making it one of the rarest of these pieces.
Before they can circulate, collectors usually grab them up. They are also attractive to the eye due to the contrast between the graphics and the background.
Proofs have a frosted angel with a polished backdrop, while Reverse Proofs have the opposite.
The following denominations of peso coins are available:- five, ten, twenty and fifty.
Depending on their age and content, most gold Pesos are collectible. Some collectors prefer them due to their purity and reduced entry price when compared to modern coins.
Why You Buy Mexico Gold Coins
Mexican coins have a long and illustrious history, as well as stunning patterns. Knowing more about the Mexican people’s history makes them even more appealing.
Because there are so many collectors of US cash in the United States, these coins may be significantly undervalued. As a result, you might be able to acquire them at a discount. Some sell for less than the spot price of gold on rare occasions.
The prices range from a few hundred dollars to thousands of dollars, making them accessible to a wide variety of investors.
Are Mexican Gold Coins Collectable?
Yes, gold coins manufactured in Mexico are in high demand, especially if they are in “mint condition.”
When in good condition, nineteenth-century coins are rare and highly sought after. The coin designs differ depending on when and why the government issued them.
After 1870, most coins had a denomination on one side and a bust of the country’s current leader on the other. The first Centenarios were produced in 1921 and contain 1.2 ounces of 0.900 purity gold.
Although they have a face value of 50 pesos, they were never intended to be used as cash but rather as commemorative coins. They are now worth tens of thousands of dollars.
In terms of limited production numbers, the Reverse Gold Proof Libertad is the most collectible coin today.
The Mexican Gold coins are one of the most valuable coins in the world, but be sure that when purchasing the coins, you are getting them from the right source.
We hope the information provided by this article proves quite useful to you, just incase you are about to get some gold coins for your use.
Is Mexican Gold Better Than US Gold?
Even though the purity is slightly less, the Mexico Gold 5 Peso coin contains more gold than the US Gold
Can I Buy Gold Coins in Mexico?
There are a few popular precious metal dealers in Mexico that offer a large variety of remarkable bullion products, such as the spectacular Gold Peso, Gold Onza, Mexican Gold, and Silver Libertad coins.
What Purity is Mexican Gold Coins?
900 pure gold, 10% copper alloy
Is Mexican Gold Better?
Yes, they are highly sought after, especially in mint condition
What Color Gold is the Strongest?
What is the Largest Mexican Gold Coin?
The 50 pesos gold coin
How Can You Tell Real Gold From Mexico?
The float test is most effective in knowing a real gold coin.
Which Mexican Coins are Made of Gold?
Although there are varieties produced over the years, the most popular ones are the Peso and Libertads
What State of Mexico Has the Most Gold?
The state of Sonora