A 1956 Cinco Centavos coin could be from Mexico or the Philippines, with differing values based on the country of origin.
- Circulated coins: Many 1956 Mexican 5 Centavos are available online in circulated condition for around $1-$5, with some priced slightly higher or lower. One online listing shows an XF (extra fine) condition coin priced at $0.39.
- Uncirculated or toned coins: Some uncirculated or toned coins are listed for higher prices, such as $9.95 and $15.99.
- Graded coins: A PCGS graded MS64 coin is listed for $69.95. Mint error coins, such as those with a curved rim clip, are rarer and can be valued significantly higher, with one such PCGS graded MS65 coin listed for $99.00.
- Circulated coins: In Very Fine (VF) condition, a 1944 Philippines 5 Centavos coin (which is similar in type to the 1956 and potentially available) is listed for around $4.60.
- Graded coins: NGC lists prices for various grades of Philippines 5 Centavos coins from 1958-1966 (KM#187), but does not have price estimates for 1956, only listing the year. Similarly, they do not have price estimates for 1954-1956 KM# 50 coins.
- Country of origin: Mexico Cinco Centavos appear more readily available and are generally less expensive than those from the Philippines, particularly in higher grades.
- Condition: Like all coins, the value of a 1956 Cinco Centavos is heavily influenced by its condition. Uncirculated or toned coins are generally worth more than circulated examples, and professionally graded coins can command significantly higher prices. A coin graded as “Poor 1” might have a barely identifiable design, while a coin graded as “MS 70” is perfectly struck and uncirculated.
- Rarity: Coins that are rarer due to low mintage numbers, production errors, or unique characteristics are generally more valuable. The 1956 Mexican coin with the curved rim clip mentioned above is an example of how errors can increase value significantly.
- Demand: A coin’s popularity and demand among collectors can also influence its price, with higher demand typically leading to higher value.
Note: Prices for collectible coins can fluctuate based on market trends and individual coin characteristics. It is advisable to consult a professional numismatist for an accurate appraisal of your specific coin.
What is a centavos coin?
Thanks for asking. Plural centavos. 1. : a former monetary unit equal to ¹/₁₀₀ Portuguese escudo. 2. : a monetary subunit of the escudo, metical, and real see escudo, metical at Money Table.