Mexico 50 Pesos 1921 to 1947

Mexico 50 Pesos 1921 to 1947

Wow, what a beautiful coin. This coin contains (no surprise) 37.5 grams of pure gold (oro puro), and this is where it gets its value. To figure out the value, first convert grams to troy ounces:

37.5 grams / 31.1 grams per troy ounce = 1.205 troy ounces

Now look up the value of pure gold on a web site like kitco.com. Gold 'spot' value changes every day. Let's say it is $1400 US dollars per troy ounce. The the coins value is

1.205 ounces x $1400 per ounce = about $1700

Kitco reports the current value of gold, which is pure bullion value. If your coin is in excellent condition, you can add a small amount, say $20, to the value to account for the fact that the gold has been minted into a nice looking coin.

If you have an absolutely pristine, fully uncirculated coin, the catalogs report a premium above the gold value of about $300 for all dates except 1947. Coins dated 1947 are more common in high grades and do not have this added premium.

The spot value of gold changes every minute. Look up the price right now! If you are buying or selling from a gold dealer, he or she will invoke a commission to handle the transaction. The commission varies with the size of the deal. For a single coin expect a 20% commission. For lots of coins, the commission percent goes way down.

Coin: 835, Genre: Colonizers and Colonies, Timeline: World
Created (yyyymm): 200906, Last review: 201812
Appearance: Normal round coin Metallic yellow Letters: Latin
Years: sort: 1921, filter: 1921 to 1947
Image: mexico_50_pesos_1947.jpg

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