Does the Mexican Peso Contain Gold; Part Two

Gold Bullion Pesos, including the Centenario (50 Pesos Gold Coin)

 

The gold bullion pesos are all .900 in fineness.  They are alloys made of 90% gold and 10% copper (21.6 karat).

First minted in 1921, the 50 Pesos gold coin honors the Centennial of the successful end of Mexico’s War of Independence.  It is also known as the Centenario.  It has a weight of 1.3396 troy ounces (41.6666 g), and the pure gold content is 1.2057 troy ounces (37.5 g). 

 

Mexican 50 peso gold coin with Angel of Victory50 peso gold coin, side showing coat of arms.

 

On one side of the coin is the image of Winged Victory (the Angel of Independence), with the Popocatepetl and Iztaccihautl volcanoes rising the background.  On the lower left is 1821 (Mexico’s year of independence), and the date on the right indicates the year it was minted.  On the other side, you will find the Mexican coat of arms, with the eagle facing forward.

 

Mexican 5 peso gold coin, front and back.

Mexican 5 peso gold coin, front and back.

The 5 Pesos (wt: 0.1339 troy oz, 4.1666 g; gold: 0.1205 troy oz) and 10 Pesos (wt: 0.2679 troy oz, 8.3333 g; gold: 0.2411 troy oz) gold coins feature Miguel Hidalgo on one side, and the coat of arms with the eagle facing forward on the other side.

 

The 20 Pesos (wt: 0.5358 troy oz, 16.6666 g; gold: 0.4823 troy oz) gold coin has the Aztec calendar (aka the Sun Stone) on one side, and the coat of arms with the eagle facing sideways on the other side.

 

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Does the Mexican Peso Contain Gold; Part One

The Mexican peso was the first currency in the world to use the “$” sign, which the U.S. dollar later adopted for its Mexican pesos that don't contain silver or gold.own use.  The peso is subdivided into 100 centavos, represented by the “¢” symbol.  Its name was originally used in reference to pesos oro (gold weights) or pesos plata (silver weights).  The literal English translation of the Spanish word peso is weight. 

The coins that are in general circulation to purchase goods and services have a face value of 10¢, 20¢, 50¢, $1, $2, $5, $10, $20, and $50.  The $20 and $50 coins are now quite rare as they were very unpopular.  The $50 coin is not the same as the gold bullion 50 Pesos coin (see below).  These pesos no longer contain any silver or gold. 

However, there are gold bullion coins of the same name, as well as the Libertad gold bullion coin.

 

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