The old 50 peso coin that is sold online for up to 125,000 pesos

The old 50 peso coin that is sold online for up to 125,000 pesos

One more time, a coin old and little known, is offered by internet sites at extraordinary prices, which will make it a little more difficult to obtain for collectors who day by day seek to expand their series.

It is a coin minted in 1982 and with a nominal value of 50 pesos and of the AA family, that is, this type of pieces were put into circulation between the seventies and eighties.

According to the Bank of Mexico (Banxico), in 1992 they were in the process of retirement. They are currently demonetized because they belong to the monetary unit in force until December 31, 1992, which means that they are no longer valid to carry out transactions due to lack of discharge power.

Their current value is equal to the result of dividing the denomination they indicate, by a thousand.

Most of the coins in Mexico have the national shield. (Photo: Pixabay)

Most of the coins in Mexico have the national shield.

On its back you can see the Aztec goddess of the moon named Coyolxauhqui, as well as the inscription “coyolxauhqui” and “Templo Mayor de México”.

It has a graph in the shape of a fretwork that ends vertically in the upper and lower part, as well as the symbol “$”, the number “50”, year of issue and symbol of the Mint of Mexico “M °”.

While on its obverse the traditional national shield in sculptural relief and the legend “United Mexican States”.

This specimen made of copper and nickel is traded on e-commerce platforms such as Mercado Libre up to 125,000 pesos.

This is the old 50 peso coin at exorbitant prices.
This is the old 50 peso coin at exorbitant prices.

Meanwhile, another shiny coin that was created to commemorate the first centenary of Mexico’s Independence is sold at exorbitant prices. However, this time it is a specimen that was minted with a precious metal.

It is the commemorative coin of 50 gold pesos, which was manufactured in 1921; However, in 1931, its production was suspended and in 1943 it was minted again. It should be remembered that the war for Independence started on September 16, 1810, until the Trigarante Army entered Mexico City, on September 27, 1821.

According to Banxico, it has a pure gold content of 1.20565 ounces and like all the pieces of the centennial family, it has a purity of 0.900.

This is one of the golden centenarians.
This is one of the golden centenarians.

The gleaming specimen shows on its reverse the renowned monument of the Angel of Independence, along with a background of the legendary Iztaccíhuatl and Popocatépetl volcanoes.

While, on its obverse, an old national shield surrounded by the phrase “United Mexican States” was captured.

The shiny piece of pure gold is sold through e-commerce sites like Mercado Libre for up to 70,000 pesos.

Speaking of old gold ounces, Banxico has a catalog of at least two more pieces minted before 1921, one is the so-called Aztec 20 peso coin.

According to data from the Bank of Mexico, it was created in 1917 with a particularly peculiar eagle of the time. On its reverse it illustrates the stone of the Aztec calendar.

It is believed that when Hernán Cortés conquered Mexico in 1521, the Aztec calendar resided in the “Templo Mayor” of the city. Demolished and buried when the Spanish destroyed the temple, it was rediscovered in 1790.

The Bank of Mexico has created some coins in gold.
The Bank of Mexico has created some coins in gold.

The predominant eagle is observed on the obverse and with a content of 0.48227 ounces of pure gold.

Another old low-denomination coin and one of the first pieces to contain a national hero is the one created under the 1905 currency reform.

The 10 peso specimen was also plated with the precious metal and pieces of the same character were minted in 5, 2.5 and 2 pesos, with a content of 0.12057 ounces, 0.06028 ounces and 0.04823 ounces of pure gold, respectively.

On its reverse, the face of Miguel Hidalgo y Costilla was depicted, who started the War of Independence on September 16, 1810.

While on its obverse it shows the typical eagle that was used in the national coat of arms of that time.

It is important to remember that old coins must be kept in good condition, so it will be essential to carry a correct and delicate cleaning on them.

Ben Oakley
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