The International Gold 50 Peso
The International Gold 50 Peso is a gold coin issued by the Mexican Mint since 1921. It is one of the most widely recognized and sought-after gold coins in the world due to its high gold content and beautiful design.
Design
The obverse of the coin features the Mexican coat of arms, which depicts an eagle perched on a cactus, with a serpent in its beak. The inscription “Estados Unidos Mexicanos” (United Mexican States) is engraved above the coat of arms.
The reverse of the coin features the Winged Victory, a symbol of the Mexican Revolution. She is depicted standing on a globe, holding a laurel wreath in one hand and a palm branch in the other. The inscription “50 Pesos” and the year of issue are engraved below the Winged Victory.
Specifications
* Metal: Gold
* Purity: 90% (22 karats)
* Weight: 41.66 grams
* Diameter: 37 millimeters
* Thickness: 2.85 millimeters
Value
The value of the International Gold 50 Peso fluctuates depending on the spot price of gold. However, it typically sells for a premium over the melt value due to its numismatic value.
History
The International Gold 50 Peso was first issued in 1921 to commemorate the centenary of Mexican independence. It was originally intended to be used in international trade, hence its name. However, it soon became popular among collectors and investors.
During World War II, the Mexican Mint suspended production of the 50 Peso. It was not until 1955 that it was re-issued as a bullion coin. The current design was adopted in 1981.
Legacy
The International Gold 50 Peso remains one of the most iconic gold coins in the world. It is a popular choice for collectors, investors, and as a gift for special occasions. Its high gold content, beautiful design, and historical significance ensure its continued popularity for generations to come.
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