Mexican Peso

Mexico has a long history of minting gold coins. One of the first was a 20 peso gold coin issued in 1866 under Emperor Maximilian during the second Mexican Empire.

However, the most most common Mexican peso gold coins were first issued in 1905 with denominations of 50, 20, 10, 5, 2.5 and 2 pesos. In 1905, the 5 and 10 peso gold coins were introduced. From 1917 to 1919, the Mexican Mint added the 2, 2.5 and 20 peso gold coins. This was followed by the historical 50 peso Centenario gold coin that was launched in 1921.

The Mexican Gold Peso coins can be categorized as follows:

  • The 10, 5, and 2.5 peso gold coins honor Don Miguel Hidalgo y Costilla, who was one of the leaders of the Mexican Independence movement that began in 1810. These coins were minted from 1905-1959 and bare his portrait.

  • The 2 peso gold coin, which is the smallest size, depicts the nominal value of “DOS PESOS” as the main motif and was minted from 1919-1948

  • The 20 peso gold coin was introduced in 1917 and depicts the ancient Aztec calendar.

  • The most historic and famous is the 50 peso gold Centenario, which celebrates the 100th anniversary of Mexico’s independence from Spain. The Centenario was introduced in 1921.

Produced by the Mexico City Mint, all the Mexican peso gold coins are 90% gold and 10% copper. The coins are beautifully designed and are available in a number of different sizes. Many of the editions have a limited mintage and are popular with both collectors and investors.

Mexican Peso Gold Hidalgo Coins (1905-1959)

Mexican Gold Hidalgo coins were produced from 1905-1959 in 4 sizes which included 10 peso, 5 peso, 2.5 peso and 2 peso. The coin is 90% gold and 10% copper which is a common alloy for coins minted during this period.

The design of the 10, 5 and 2.5 peso gold coin feature the head profile of Don Miguel Hidalgo y Costilla, who was the catholic priest that led the Mexican independence movement in 1810. He would end up being executed, but his courage led others after him to lead forces against the Spanish.

The 2 peso gold Hidalgo depicts a laurel wreath instead of the profile of Don Miguel Hidalgo.

Design (10 Peso, 5 Peso and 2.5 Peso gold coin)

The design of the 10, 5 and 2.5 Gold Hidalgo profiles the head of Don Miguel Hidalgo y Castillo. The inscriptions around the outer edge are; the nominal value, year of issue and the mint mark “M”, which stands for the Mexican Mint. (the 2.5 peso gold coin does not contain the mint mark)

There is also a star engraved between the mint mark and the date of issue. Surrounding the outer edge on both sides is an ornamental circle. The edge bar is slightly raised which protects the motif.

The reverse side displays the coat of arms of Mexico, which is an eagle perched on a cactus with a serpent in its beak. The words “ESTADOS UNIDOS MEXICANOS” is in a semicircle above the coat of arms.

Design (2 Peso Gold Coin)

The motif side of the 2 Peso Hidalgo Gold coin depicts a laurel wreath. In the center of the wreath is the nominal value which reads “DOS PESOS”. The date of issue is above the nominal value. The reverse side depicts the coat of arms of Mexico and is the same design as the 10, 5 and 2.5 peso gold coin.

Product Specifications (10 Peso)

Weight: 0.2411 ounces

Diameter: 22.5 mm

Thickness: 1.4 mm

Purity: 900/1000

Nominal Value: 10 pesos

Mintage years- 1905-1959

Total Mintage: 8,239,000 (approximate)

Product Specifications (5 Pesos)

Weight: 0.1205 ounces

Diameter: 19 mm

Thickness: 1.14 mm

Purity: 900/1000

Nominal Value: 5 pesos

Minatage Years: 1905-1955

Total Mintage: 9,392,000 (approximate)

Product Specifications (2.5 Pesos)

Weight: 0.0603 ounces

Diameter: 15.5 mm

Thickness: .86 mm

Purity: 900/1000

Nominal Value: 2.5 pesos

Mintage Years: 1918-1948

Total Mintage: 3,745,000 (approximate)

Product Specifications (2 Pesos)

Weight: 0.0482 ounces

Diameter: 13 mm

Thickness: 1.02 mm

Purity: 900/1000

Nominal Value: 2 pesos

Mintage Years: 1919-1948

Total Mintage: 6,350,000 (approximate)

Minting History

  • Between 1961-1972 the 10 Peso Hidalgo gold coin was re-struck. Most of these coins will have the 1959 date of issue.

  • Between 1955-1972 the 5 peso gold coin was re-struck and most will have the issue date as 1955.

  • The 2.5 peso and 2 peso were also re-struck between 1951-1972 and most will have a 1945 date of issue.

Centenario 50 Peso Gold Coin

The Centenario gold coin was first issued in 1921 to celebrate the 100th anniversary of Mexico’s independence from Spain. The coin is of historical significance in Mexico and the design was also used on the Libertad gold coin which was issued in 1981 and continues to be produced by the Mexican Mint to this day.

The Centenario has a fineness of 900/1000 gold and weighs 41.67 grams with 37.5 grams of gold. The coin was designed by Emilio del Moral and minted by the Mexico City Mint. Centenario gold coins are beautifully designed and are ideal for both investors and collectors.  

Design

The Centenario gold coin depicts the “Angel of Independence” as the main motif. Her right arm is outstretched and she holds a wreath in her hand. In her left hand is a broken chain. To the left of the motif is the nominal value of “50 PESOS”. On the lower left is the date “1821”, which is when Mexico achieved independence.

To the right of the winged Victoria is the weight “37.5Gr ORO PURO” and in the lower right is the date of issue. In the background are the two iconic Mexican volcanoes, Popocatepetl and Iztaccihuatl. An ornamental circle surrounds the top half of the outer edge. The edge bar is slightly raised which protects the coins surface.

The reverse side depicts the coat of arms of Mexico. The lettering around the top outer edge reads “ESTADOS UNIDOS MEXICANOS” The ornamental circle surrounds the entire outer edge of the coin.

While the design of the coin was the same for all editions, the 1943 issue was unique because it left out the “50 PESOS” inscription and instead featured the engraving “37.5Gr ORO PURO” on both sides of the winged Victoria.

Product Specifications (Centenario)

Weight: 1.20565 gold ounces

Diameter: 37 mm

Thickness: 2.69 mm

Nominal Value: 50 pesos

Purity: 900/1000

Minting History Centenario

  • Approximately 4,941,000 Centenario gold coins were minted between 1921 and 1931. After 1931 the Centenario would not be produced again until 1943.

  • From 1943 to 1947 about 3,591,000 Centenarios were minted.

  • The coins were re-stuck from 1947-1972 and most of these coins will have an issue date of 1947.

20 Peso Aztec Gold Coin

The 20 peso Aztec gold coin was introduced in 1917 and depicts the Aztec calendar or sun stone (Cuauhxicalli) that was said to be carved in 1479. Just like the other peso gold coins, the Aztec has a 90% gold purity with a 10% cooper alloy. The 20 peso Aztec is another beautifully designed coin that celebrates the unique history of Mexico.

Design

The motif side of the coin features the ancient Aztec calendar. Under the calendar is the nominal value of “VEINTE PESOS”. The engravings on the bottom outer edge read “15Gr. ORO PURO”. An ornamental circle also surrounds the outer edge of both sides of the coin.

The reverse side depicts an eagle perched on a cactus with a serpent in its beak. This depiction is also known as the Mexican coat of arms. Around the top outer edge is the inscription “ESTADOS UNIDOS MEXICANOS”. To the right of the coat of arms is the date of issue. The edge bar also has an engraving which reads “INDEPENDENCIA Y LIBERTAD”.

Product Specifications

Weight: 0.4823

Diameter: 27.5 mm

Purity: 900/1000

Nominal Value: 20 pesos

Minting History

  • The 20 Peso Aztec gold coin was minted from 1917-1921 and then again in 1959. Approximately 6 million coins were minted, with the majority being minted in 1818 and 1819.

  • The 20 Peso Aztec was also re-struck from 1960 to 1971. Most of these coins will have the 1959 issued date. The mintage for the re-struck edition is approximately 1,158,414 coins.

Aztec Calendar (Cuauhxicalli Eagle Bowl)

It was believe that the Aztec calendar stone was carved sometime around 1479 to honor the sun god. The stone is almost 25 tons and measures more than 12 feet across and is 3 feet thick. It was carved from basalt, which is a lava rock.

The stone was lost for about 300 years and rediscovered in 1790, during renovations on the central square in Mexico City. In 1885 it was moved to the Museo Nacional de Antropologia, where it resides today.

Advantages of Peso Gold Coins

  • The Mexican Mint was established in 1542, by mandate from the Spanish empire and was the first mint in the Americas.

  • Peso gold coins are recognized around the world.

  • The coins are available in a number of different denominations.

  • The beautiful designs celebrate the history of Mexico.

Product Details

Manufacturer: Mexican Mint
Country of origin: Mexico
Name: Peso Gold Coin
Weight: 50, 20, 10, 5, 2.5, 2 pesos
Purity: 900/100
Alloy: Gold/Copper
Scratch resistance: Good

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