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Longstrider's Blog

30 Dec 2018

1947 GOLD MEXICAN 50 PESO "CENTENARIO" KM # 481

Coins-World | Longstrider

Below is my specimen of a 1947 gold Mexican 50 Peso coin. This is a very interesting coin to me. It was first minted in 1921 to commemorate the 100th anniversary of Mexico's independence from Spain. It is also known as the Centenario. It was minted as a circulating gold coin under the Mexican Reform Act of 1905. This act would be a blog by itself so I will just leave it at that. The coin was made from 1921 through 1947. In 1947 the original mintage was 309,000. However in 1947 Mexico started minting restrikes, as the coin was so popular by numismatists and also investors. There was a mintage of 1,975,654 restrikes in 1947. The mint also made restrikes in the 1990's and 2000's. The 90's coins were made in a prooflike surface and the 2000's were done in a matte finish. My particular coin is a solid 1947, not a restrike.

   Now some specs on the series. The coin is made from 41.6666g of 0.900 gold and 0.100 copper. This is pretty standard for circulating gold and silver coins. Both metals are just too soft to be made pure. You will note that this coin weighs more than one troy ounce. That makes it very popular with investors. It's not rare and can sell at prices just above melt value on occasions. There is no mint mark on the coin other than the 1996 restrikes. They all were minted at the Mexico City mint. This is the oldest mint in the Americas and is still in operation today. The coins diameter is 37mm.

   The obverse of this beauty features the Mexican Coat of Arms with the eagle facing forward. His head is to to the right with a snake in his beak. He is standing on a cactus with a spray of laurel and oak leaves. Above all this is the legend ESTADOS UNIDOS MEXICANOS. The reverse has the famous statue El Angel. This statue sits atop Independence Monument in Mexico City. Two volcanoes are in the background. These volcanoes are also famous and the reader may wish to research their story. To the left of the statue is the legend 50 / PESOS. To the right is written 37.5 Gr. / ORO / PURO. On the lower right is 1947. At the left is 1821. Along the edge is written INDEPENDENCIA Y LIBBERAD.

P.S.. I just wanted to be clear. The Coat of Arms is the obverse side not the Winged Statue. Much like the Queen is the obverse on British and Canadian coins. An often made mistake. Even by the TPG's.

   I hope that you enjoyed this blog and learned from it. Any errors are mine. Please feel free to comment. The photos do not do the gold coin justice.

SOURCES:

ENCYCLOPEDIA OF MEXICAN MONEY by DON and LOIS BAILEY vol. 2 /20115

www.en.numista.com

NGC

Comments

Rare foreign coins are very inexpensive. that's what I like about them.

Mr_Norris_LKNS

Level 4

Beautiful coin! Just curious, if anyone knows: do any countries, Mexico included, have any laws about bullion coins (either gold or silver) having to be made with gold or silver that was mined in that country or its territories?

Kepi

Level 6

Wow! What a beauty! Now you have the "Queen" for your collection of Mexican coins! Great blog!

Kepi

Level 6

Hey Longstrider... Are you going to send this coin in to get graded? If you do, let us know how it comes out! Good Luck! ; )

TheBoss

Level 4

Wow! Awesome coin!! Love the detail additionally the lettering on the edge!! As always, I love edge lettering (I don't know why)!!

CoinLady

Level 6

Lovely. How long has Mexico used the eagle & snake motif on coins? I would guess 100s of yrs now.

Mokie

Level 6

The Eagle Snake motif has been used as a Coat of Arms since Mexico gained independence in 1821. The Snake with Eagle in its beaks goes back to pre-colonial times when the Aztecs looked for an Eagle eating a Snake over a lake to determine where to place their capital.

World_Coin_Nut

Level 5

I don't buy much gold but these have always been on my bucket list. They are beautiful.

Mokie

Level 6

That is a beautiful coin and the history you provided makes it all the more special. I like the various Eagles and Serpents Mexico has used over the years. Their current Libertad bullion coins shows all the versions in a circle around their current COA. They are quite attractivel with a more stylized Angel on the other side. But Yours is the epitome.

"SUN"

Level 6

Thanks for the story behind the coin. I like blogs like this.

Mike

Level 7

That is a beautiful coin. I don't no what else to say the history is fantastic the research even better but that coin is made very well . I always loved the Coat of Arms the designer knew what he was making a wonderful coin. Congratulations enjoy it I am very much. It's stunning. Good for you. I know how much you love these coins but this is something special. Thanks for sharing it with us.

That is a lovely coin. I like the edge lettering, and the fact that it can be bought for so cheap, even though its mintage is only 309,000. Not enough demand I guess. Great coin.Thanks!

Longstrider

Level 6

The 1947 restrike mintage was 1,975,654. Plenty of interest. That is just that one year..

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