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Mexico Gold 50 Pesos

1947 50 Pesos Gold

.900 Gold

Before the krugerrand was introduced in 1967, one of the few large world bullion coins was the 50 Pesos from Mexico.
The Aztec Empire was famous for its gold, they used gold for artefacts in connection with their religion, and also used it to decorate clothing. It was for gold that Diego Velásquez ordered Herman Cortes in 1519 to reconnoitre Mexico, and for the same reason that Cortes disregarded Velásquez's orders to conquer the Aztec Empire in the name of the King of Spain.

1947 Mexico Gold 50 Pesos Reverse

1947 Mexico Gold 50 Pesos Obverse
Mintage
4,284,654

The obverse has Mexican eagle the wings displayed in a battle attitude; with the tail feathers arranged in a natural fan. It puts its left grasp on a bloomed nopal that is born in a rock that emerges from a lake. It is grasping with the right grasp and the beak a curved serpent. Several "pencas" of the nopal grow to the sides. Two branches, one of encino to the front of the eagle and another one of laurel opposed, form a lower semicircle and they are united by a ribbon with the Spanish legend ESTADOS UNIDOS MEXICANOS, Mexican United States around the top.
The reverse has Liberty with the denomination 50 PESOS to the right, the gold content 37.5 GORO PURO, 37.5 grams of pure gold, and the dates 1821 to the left and 1947 to the right.
First issued from 1921 to 1947 with a low mintage of just 309,000 coins, 3,975,654 more were issued between 1949 and 1972 which were almost certainly all dated 1947


Specifications


Sources

Composition: .900 Gold
Gold Content: 1.2057 oz
Edge: Reeded
Weight: 41.67 grams
Size: 31 mm
Chard Tax Free Gold

Worldwide Numismatics Website

Gold Coins of the World
From 600AD to Present

Robert Frieburg, Arthur and Ira S. Friedburg
1980
The Coin and Currency Institute, Inc.
116 West 32nd Street
New York, 10001


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