This is a gold Mexican 50 Pesos (also known as a Centenario). This coin is 0.900 in fineness and contains 1.2057oz of gold.
Mexican fifty pesos are some of the earliest large gold bullion coins. They were introduced in 1921, pre-dating the South African Krugerrand, which was not issued until 1967.
Before the Krugerrand was introduced in 1967, one of the few large world bullion coins was the 50 Pesos from Mexico. This was issued from 1921 to 1947, although close to 4 million more were issued between 1949 and 1972 which were almost certainly all dated 1947.
The fifty peso coin was designed by Emilio del Moral and was originally issued from 1921 until 1947. Coins were produced after this date, however they were dated 1947 and are known as restrikes.
The obverse features The Angel of Independence - a famous monument based in Mexico City. The statue was unveiled in 1910 to commemorate the first 100 years of Mexican Independence.
The reverse shows Mexico's Coat of Arms, which consists of an eagle with a snake in its beak. This is based on Aztec legend, where they would build their city based on the location where they witnessed an eagle eating a snake on a lake. The Mexican Coat of Arms is also prominently featured in the centre of the Mexican flag.
|Gold Weight Troy Ounces||1.206|
|Fineness / Carat||0.900 / 21.6|
|Obverse Designer||Emilio del Moral|
|Reverse Designer||Emilio del Moral|
|Mint / Brand||Mexico City Mint|
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their gold content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes, therefore some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
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