1947 50 Peso Gold Coin
This beautiful coin would be an excellent addition to any collection. In good condition with a few surface scratches. This coins diameter is 37mm, It has a total weight of 41.67 grams at a purity of 90% gold and 10% copper. The total pure gold weight of the coin is 37.5 grams (1.20565 Troy oz).
The 50 Peso Coin;
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 states “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”.
The Centenario Coin History
This coin was first minted in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain. The coin was only made from 1921 to 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 total of 1,975,654 restrikes in 1947. They were all minted at the Mexico City mint. This is the oldest mint in the Americas and was established in 1535. This mint is still in operation today.