Gold and silver coins: what is their price this Friday

In the face of unabated inflation and rising interest rates, many people are looking for the best way to grow, or at least preserve, their long-term wealth.

One of the most common options for this is the acquisition of gold and silver coinsin its different versions which, in addition to being beautiful pieces, are a somewhat safe investment.

It is because the price of these precious metals it is constantly changing and, although it tends to increase, it sometimes decreases.

Therefore, if you have in mind to acquire one of these coins, it is better to be aware of its price. These are the fees for this Friday, March 3.

The Bank of Mexico (Banxico) has a list of authorized gold and silver dealers at the national level, composed mainly of banks, although it also has other options.

Many of these banking institutions have a section on their official pages with the selling and buying price of their precious metals.

Aztec Bank

silver ounce: 387 pesos to buy and 487 pesos to sell

citibanamex

golden centenary: 21,900 pesos to buy and 41,900 pesos to sell

Banorte

golden centenary: 36,500 pesos to buy and 47,000 pesos to sell.

golden gentleman: 6,900 pesos to buy and 9,900 pesos to sell

gold aztec: 13,800 pesos for buying and 19,800 pesos for selling

silver ounce: 550 pesos for sale and 350 pesos for purchase

Prohibition region

centenary: 45,035 pesos per sale

silver ounce: 507 pesos per sale

In the rest of the authorized distributors, you must visit a branch to find out more about their offer of gold and silver coins.

There golden family It is composed of three types of parts: Centenario, Azteca and Hidalgoaccording to information from the Bank of Mexico (Banxico).

He centenary It originated in 1921 as a common coin to commemorate the first 100 years of Mexican independence. Its original value was 50 pesos.

It was in circulation for a decade, until its minting was suspended in 1931, but returned in 1943 due to increasing demand for gold coins.

On its obverse side, the Centenary shows the national emblem and on his back the winged victory which is located at the top of Angel of Independenceas good as Iztaccíhuatl and Popocatépetl volcanoes basically.

According to Banxico, the Centenario has a pure gold grade of 1.20565 ounces and, like all coins in the Centenario family, its purity is 0.900.

For its part, the Liberty silver ounce It has the same design as the Centenario de oro: the national emblem on the front and the winged victory of the monument of Angel of Independence and in the background the Popocatépetl and Iztaccihuatl volcanoes.

The emergence of the Liberty Ounce was to replace the silver coin known as the scale troy ounce in the market and standardize it with the gold coins, also giving it a liberating power character.

As the name suggests, the coin includes one ounce of pure silver and has half, quarter, tenth, and twentieth ounce versions.

In recent years, Banxico has released new versions of the Libertad series of the silver coin, but instead of an ounce, it’s a kilo, which it delivers in a matte or mirror finish, in a beautiful box of presentation and a certificate of authenticity.

As for AztecBanxico explains that it was originally minted in 1917, with an original value of 20 pesos and a grade of 0.48227 ounces of pure gold.

On its obverse it also bears the national emblem and on his back the stone of Aztec calendar.

The last gold coin is the Hidalgowhich was born under the reform of 1905 with an original value of 10 pesos and a content of 0.24113 ounces of pure gold.

It was the first gold coin to have a national hero on its reverse: Michael Hidalgo, hence its name. Like the previous coins, it bears the national coat of arms on its obverse.

The Hidalgo has its 5, 2.5, and 2 peso versions, with contents of 0.12057 ounces, 0.06028 ounces, and 0.04823 ounces of pure gold, respectively.