Mexican Gold Centenarios in Stock at Low Premium

November 9th, 2012 by

Mexican Gold Centenario 50 Peso Coin

Gainesville Coins has just received Mexican Centenario Gold 50 Peso coins in stock. The “Centenario de Oro” was first minted in 1921 to commemorate the centennial of Mexican independence from Spain. The dates 1921 through 1931 and 1944 through 1947 are regular legal tender issued coins in Mexico, while the 1943 date, also known as “Tejo”, is considered a bullion issue.

Between 1949 and 1972 the Mexican Mint produced an estimated 4 million re-strikes, that is, a coin that was reissued for a number of years with the same date of 1947 in order to assure it would not gain a numismatic premium. The original coins produced in 1947 are not distinguishable from those produced as re-strikes.

These coins are made of  900 fineness gold, with an AGW of 1.2057 oz of pure gold. These coins sell for a very low premium over spot, despite the attractiveness of their design. Gainesville Coins offers tier pricing on top of the already low premium!