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Numismatists Article Of The Month

Mexican Gold Coins for Gold Buyers

By Wilson Snyder

Shortly after Columbus discovered the 'New World,' vast amounts of gold were discovered in Mexico. Once turned into coins, Spanish fleets transported the us gold coins through the Gulf of Mexico to deliver to the King and Queen of Spain. Often, these fleets encountered danger, running into hurricanes, losing ships and the precious cargo.

In 1810, Miguel Hidalgo declared independence from the rule of Spain, although full independence of Mexico was not achieved until 1821. From 1821 to 1917, Mexico went through considerable political upheavals. The coinage remained based on Spanish coin types until the adoption of decimal currency in 1864 based on the peso.

Some of the most beautiful gold coins in the world are the Mexican gold peso coins. The Mexican 50 Peso coin (also known as 'Centenario') is definitely the most striking one.

The 50 Peso coin was issued from 1921 to 1947 honoring the 100th anniversary of Mexico's independence from Spain. 'El Angel de la Independencia' (the Angel of Independence) is pictured on the coin, with a laurel wreath in her right hand and broken chains in her left. The 1821 on the lower left commemorates the year of Mexico's independence. The date on the right indicates year of mintage. The reverse of the coin depicts the Mexican coat of arms, a Mexican golden eagle devouring a snake while perched atop a cactus.

When Americans regained the right to own gold bullion in 1974, Mexican 50 Pesos, quickly become one of the gold bullion industry's standard bearers. It is the ideal coin for gold buyers who want low premium gold coins, coins that have small markups over spot.

Where to find the most up to the minutes deals of 50 Pesos and other Mexican Gold Coins?

About The Author

I recommend you go to MexicoGoldCoin.com. It is a specialized Mexican Gold Coins for sale site, offering a great selection of Mexican Gold Coins on sale. MexicoGoldCoin.com makes finding the Mexican Gold Coin deals a million times easier. Be sure to try this website before you buy.

More Numismatists Info

Gold coins were one of the oldest forms of money. This was later followed by silver coins. Gold coins were in circulation in the United States from 1838 to 1933. The design was the Liberty Head bust but this was only made until 1907. The design was then changed to the Indian Head and Saint Gaudens motifs and was used until 1933 when the Great Depression began. This prompted the recall of gold coins which makes them very difficult to find today.
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