Mexican Gold Centenario 50 Pesos Coin 1947, 37.5 Grams Pure Gold 1.2057 T Oz AU

Composition

Gold

Circulated

Circulated

Gold is a Great Investment! Make sure you have Gold before it goes to the $3,000 to $5,000 per ounce range 1947 Mexican Gold 50 Pesos Centenario BU Hi luster high grade ,Very large and deeply textured coin. Just Beautiful and Rare . 1.2056 oz. Actual Gold weight 37.5 Grams Oro Puro.(Pure Gold) 1.20565 Ounces "The coin weighs 41.6 grams and is composed of 90% pure gold, which equates to 37.5 grams of pure gold or an actual gold weight (AGW) of 1.2057 troy ounces." On the obverse side, the centenario presents one of the National Shield used in the past, and the reverse side symbolizes the Winged Victory having the legendary Ixtaccihuatl and Popocateptl volcanoes on the background. This coin has a pure gold content of 1.205 OZ "The coin weighs 41.6 grams and is composed of 90% pure gold, which equates to 37.5 grams of pure gold or an actual gold weight (AGW) of 1.2057 troy ounces." "The Mexico Gold Centenario: A 50 Peso Mexican Gold Coin with History Moneda de oros, in Spanish, means gold coins. When referencing Mexican gold coins, doesn’t the Spanish translation sound more formal and fancier? And rightfully so since the Mexican 50 peso gold coin was the purest gold coin produced by the Mexican Mint and among the purest gold coins in the world Though never intended for circulation, the gold 50 Peso, also known as Centenario, was first minted in 1921 in honor of Mexico’s 100 years of independence and held the title of being the purest one ounce gold coin or larger until the release of the gold Krugerrand in 1967. Love it or hate it – the gold 50 peso has a long-standing history in the coin and bullion market making it one of the more intriguing foreign gold coins that we deal in for a variety of reasons. Interestingly, we’ve seen a recent resurgence in the demand and popularity of this coin. Ironically, this same coin used to trade well below the spot price of gold and was an afterthought for most investors. The unique size or gold weight was a hang-up for some since it is 1.2 ounces versus the more traditional one ounce coin. Additionally, the patina of the coin was also seen as a possible hindrance toward greater demand, but whatever previous misconceptions investors may have had in the past no longer appear to be the case. Since many investors are only recently discovering the 50 peso gold coin for the first time, we thought it was important to highlight it and share some interesting facts that you may have not been made aware of. Suffice it to say, this isn’t your typical modern 1 oz gold bullion coin especially considering the history behind it. Years of Production Most gold Centenario’s or 50 peso gold coins that are traded in the industry these days have a date of 1947. Seems like a random year, doesn’t it? Well, this is the last official production year of the 50 peso gold coin, but many restrikes were produced after this time with the same date. While most of the coins dated 1947 are technically restrikes produced from 1949 to 1972, that doesn’t take anything away from the demand and popularity of the coins. In other words, these coins trade just like an original 1947 struck coin. For comparison purposes, 309,000 coins were originally produced in 1947 while nearly 4 million were re-struck from 1949 to 1972. While 1947-dated Mexican gold centenarios are the most prevalent gold coin, they weren’t the first. For those of you that have some familiarity with Spanish, you may know that the English translation of “Centenario” is “centenary” or one hundred. When you trace Mexico’s independence back to 1821, you’ll confirm that the original Centenario was first produced in 1921. 50 peso gold coin ngc 1921 Gold 50 Pesos In fact, the Mexican Mint produced a total of only 180,000 50 peso gold coins that year to commemorate their 100-year independence from Spain. The original 50 peso gold coins were produced for sixteen years from 1921 until 1947, not factoring in the restrike years from 1949 – 1972. In most years, the 50 peso gold coins were produced in quantities of 500,000 or more, with mintages as high as 1.588 million, but there are some lower mintage years that sell at a bit of a premium. The lowest mintage was in 1943 with a production of only 89,000 coins. The second lowest mintage was 137,000 in 1931 followed by the inaugural year of 1921 with a mintage of 180,000 coins. Size The size of the 50 peso gold coin may be the most interesting thing about the coin. The coin weighs 41.6 grams and is composed of 90% pure gold, which equates to 37.5 grams of pure gold or an actual gold weight (AGW) of 1.2057 troy ounces. In fact, there’s no need to guess the weight (in grams) of the 50 peso Mexican gold coin, as the coin was struck with the weight on the front of the coin, which reads: “37.5 Gr Oro Puro.”