Mexican Gold Coins

The Mexican Gold Coins

Mexico is situated on a territory that is very rich in gold and silver deposits, being one of the most valuable sources of precious metals for over 500 years. Mexican Gold Coins are one of the rarest and highly appreciated gold bullion products on the market. The first of these remarkable old Mexican coins, to be sought after by passionate collectors, was the Gold Centenario coin which was struck for the first time in 1921, by the Mexican Mint. It was issued to celebrate 100 years of Independence and was made of 1.2 oz. of .900 pure gold with a face value of 50 Pesos. Gold Centenarios have been in circulation twice: between 1921 and 1931 and between 1943 and 1947. Gold Centenarios issued after 1947 are all reproductions that carry the same 1947 date inscription. These gold coins served as an inspiration for releasing one of the newest Mexican Gold Coins, the Mexican Libertad, struck bearing the same design up until 2000. Another very popular design of old Mexican Gold Coins belongs to the Mexican Gold Peso, which has been in circulation since the 19th century and the early years of the 20th century, carrying face values from 2 to 20 Pesos. Mexican Gold Coin values are established according to their historical value and gold metal content. These coins are very rare and unique collectibles, so they are very appreciated by collectors and investors all over the world.

The Mexican Mint

“La Casa de Moneda de México”, commonly referred to as the Mexican Mint, is one of the oldest mints in the world. In 1521, when Spain took over the Aztec Empire, it immediately proceeded to expand its colonial empire to American territories rich in silver and gold. The first step in this expansion was the establishment of the first mint in 1535, through a decree of the Spanish government. During this period of  time, New Spain was taken over by Viceroy Antonio de Mendoza, aside from Mexico and Mexico City, New Spain included the territories of Cuba, Haiti, Jamaica, Puerto Rico, Dominican Republic, Cayman Islands, Bay Islands, Trinidad, and Philippine Islands.

The Mexican peso was the first coin to be minted by the Mexican Mint, followed by the maravedis and reals. The mint also provided the basis for the monetary programs of the US dollar, Japanese Yen, and the Chinese Youan, and also produced the eight-real Spanish dollar coin (the first old Mexican pesos). Mexico gained its independence in 1821, however in 1925, the Mexican National Central Bank, also called Banco de Mexico, started to govern the Mexican Mint. The mint’s facility has since been relocated to San Luis Potosi, and its original production building is now the Mexican National Cultural Museum.

Mexican Gold Coins Sizes and Designs

Mexican Gold Coins are available in various size options due to the fact that many old Mexican coins were produced in different and uncommon sizes. For example, old gold Mexican pesos were struck in 0.0482 oz. (2 Pesos), 0.0601 troy ounces (2.5 Pesos), 0.1205 troy ounces (5 Pesos), 0.2411 ounces (10 Pesos), 0.4823 ounces (20 Pesos) and 1.2057 troy ounces (50 Pesos) all made of .900 pure gold and 10% of copper alloy. Gold Libertads are produced in 1 oz., ½ oz, ¼ oz., 1/10 oz. and 1/20 oz. weight options in both uncirculated and proof-like versions.

The Mexican Peso Gold Coins

Mexican Peso Gold coins are the oldest pieces of Mexican coinage history. All Gold Pesos carry the same design on the reverse side – the Mexican Coat of Arms which is represented by a golden eagle that holds a serpent in its beak while perched on a cactus, along with the engraving “Estados Unidos Mexicanos”. The obverse side design of each Gold Peso coin is different in accordance with the coin’s denomination. The 2.5, 5 and 10 Gold Pesos carry the same depiction of Don Miguel Hidalgo y Costilla, the leader of the Mexican War of Independence, surrounded by the coin’s face value, and mintage year inscriptions. The 2, 20 and 50 Gold Pesos have distinct obverse designs. The 50 Gold Peso is commonly referred to as the Gold Centenario coin which was released in 1921. These coins feature the image of the Winged Victory on the obverse side of the coin, surrounded by the famous Mexican volcanoes and the “1821” engraving, as well as the coins mintage year, denomination, purity and weight inscriptions.

The Mexican Libertads Gold Coin

Mexican Gold Libertad coins are the official gold bullion coin of the Mexican government issued for the first time in 1981. The yearly design of this coin, prior to 2000, was inspired by the Centennario Gold coin, issued in 1921, and features the depiction of the Winged Victory surrounded by the two peaks of  Mexico’s famous volcanoes. The reverse side of the coin features the same representation of the Mexican Coat of Arms featured on all Mexican Peso coins.  Modern Gold Libertads produced from 2000 feature the new depiction of the Winged Victory as her statue in the Mexico City placed on a column in front of the volcanoes. The reverse design of the coin was changed only for the 1 oz. size – the Mexican Coat of Arms is surrounded by its 10 historical versions. The Mexican Gold Libertad coin is produced in five size options of 1 oz., ½ oz., ¼ oz., 1/10 oz. and 1/20 oz. in both brilliant uncirculated and proof-like versions.

If you have any questions about these Mexican Gold coins, please do not hesitate to contact us at 800.852.6884. You can also reach a Bullion Exchanges customer service associate online through use of our live chat feature, or by email at [email protected].