Mexican 50 Peso Gold Bullion Coin (Centenario)
The Mexican 50 Peso Gold Bullion Coin, also known as the Centenario, was coined in 1921 as hard currency to commemorate the first 100 years (centennial) of the Mexican Independence. In 1931, coinage was discontinued. It started again in 1943, however, due to the increasing demand for gold coins prevailing at that time.
Design
The obverse of his handsome coin depicts a woman who symbolizes Winged Victory. The famed Ixtaccihuatl and Popocateptl volcanoes rise in the background. On the reverse side, the centenario shows a Mexican coat of arms featuring a Mexican Golden Eagle perched on a prickly pear cactus devouring a snake.
Investors who want gold coins with small premiums should consider the Mexican 50 Pesos Gold Bullion Coin, which contains 37.5 grams (1.2057 oz) of gold in an alloy of 90% gold and 10% copper for durability (24k x .90 = 21.6 karat). The 90% gold alloy gives the Mexican 50 Peso Gold Bullion Coin its distinctive burnished gold appearance.
