Gold coins are highly sought after and are favored by collectors due to their attractive and appealing design. A perfect example is the Mexican gold coins; like other forms of gold coins, they are circular coins with varying amounts of gold. When we talk of Mexico, we not only talk of the beautiful scenery but also its large silver and gold deposits.
Understanding Mexican gold coins
Mexican gold coins are available in multiple denominations and patterns. In 1921, the current Mexican Mint produced the first gold coin to mark the country’s independence. The first type of gold minted by the Mexican Mint struck were the Centenarios, and they are highly collectible. And the coins were minted from as back as 1870. However, the Mexican mint dates back to years ago, in 1535, using the invasion of Mexico by the Spanish. It’s one of the oldest operating gold mints available.
What are the common Mexican gold coins available?
The standard Mexican gold coins include the Centenarios; the original forms of these coins were minted in 1921 and feature 1.2 ounces of gold. They have a face value of 50 Pesos and a purity of 0.900. Although they were invented to be commemorative coins, they are now costly and sell for thousands of dollars.
The Pesos are also common and come in different denominations. These are, for instance, 2,5,10, 20, 50, and many are collectible though this depends on their age and composition. They are pure, and some collectors love them because of their features. Also, they are of lower entry value than other coins.
The Centenario was initially minted in 1921 and is a popular Mexican gold coin. It was used to commemorate the centennial of independence after the Mexican victory in their war with Spain. During this time, the Mexican government issued Centenarios gold bullion coins featuring a Winged Victory statue on the side. Also, the coin had volcanoes Popocatepetl and Iztaccíhuatl on one side.
Winged Victory designates Mexico’s independence with broken shackles, which symbolize the breaking of the bonds of colonialists. Similarly, the volcanoes in the background derive their names from a love story of Ancient Aztec. This is a tale of a princess who loved a suitor her father thought was unsuitable.
Libertad is a unique coin since it doesn’t have face value. It’s a legal tender whose value depends on the prevailing market trends and gold price. This gold coin was first minted in 1981 and came in different weight categories. These include;
- ¼ ounce
- ½ ounce
- 1 ounce
The original coins minted in 1981 were all gold, but the government later began mining them in silver. However, the 1981 coins resemble the Centenarios are very popular among coin collectors.
In summary, there are various reasons to buy Mexican gold coins. They feature a beautiful design and some in different forms. The rich history of these coins makes them more desirable. But, they are somewhat undervalued, and you can get them at favorable rates.
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