Gerrards offers the 50 Pesos Centenario gold coin at low premium over spot.
The Mexican 50 Pesos is also known in the market as “Centenario”. It is a government issued coin, produced by the Mexican Government and is mostly traded in Latin America
It is among the 10 most traded gold coins in the world. The size and weight of the coin are unique. It is around 20 % larger than other 1 oz gold coins made of 22 carats gold. It is also heavier (41.67 g) compared to the other widely traded gold coins in the market like the Krugerrand. 50 Pesos gold coins are made of a gold-copper alloy which make them very resistant and durable.
The design of the coin is unique design. It depicts an eagle battling a snake on the reverse and the Angel of Independence on the obverse, a famous monument in Mexico City. The fifty pesos gold coin was designed by Emilio Del Moral.
Why buy Mexican 50 Pesos gold coins?
One of the main advantage of the 50 Pesos as a gold coin is its low premium. Compared to other world coin, it has one of the lowest premium over the gold spot price, which makes it an attractive coin to purchase for investment purpose.
It is also an interesting coin for buyers who have an interest in collecting coins. Trying to collect the 15 dates of the 50 Pesos Gold coin series (from 1921 to 1947) can be fun and a challenging hobby.
History of the Mexican 50 Pesos Gold Coin
Gold Pesos were produced throughout the 20th century in denominations ranging from 50 pesos to 2 pesos (face value). Up until the introduction of the South African Kruggerrand in 1967, the Mexican Gold 50 Pesos was considered the purest gold coin in the world.
The coin was originally issued every year from 1921 to 1947. Because of the strong demand for the coin as a bullion issue, the Mexico City Mint continued to produce gold 50 Pesos after 1947. From 1949 to 1972, a total of 3,975,654 coins were restruck, most likely dated 1947.
The Mexican 50 pesos is a historical gold coin, first issued in 1921 to commemorate the 100 years of Mexico’s independence from Spain. This make it some of the earliest large bullion coins issued in the market. The Mexico City Mint which produced the 50 Pesos is one of the oldest mint in North America.