The price of a Mexican Centenario coin (also known as a 50 Peso gold coin) can vary depending on several factors, including the specific year of mintage, its condition, and current market demand.
Based on current market information, here’s an overview of pricing for Centenario coins:
- Average Selling Prices:
– Many listings for Centenario coins in “Authentic Mexican 50 Peso Centenario 22k Gold Coin (Random Year)” condition show prices around $4351.2-$5439 USD.
– Some listings for Centenarios in “uncirculated and in perfect condition” are priced around $5990 USD.
– Coins graded highly, like “PCGS MS65”, can command higher prices, around $8969.99 USD.
- Factors influencing price:
– Gold Content: The Centenario contains 1.2057 troy ounces of gold (37.5 grams) with a 90% gold and 10% copper alloy. Its value is fundamentally tied to the fluctuating price of gold.
– Mintage Year: Coins from original mintages, particularly 1921 and 1931, can be more valuable due to their lower mintage numbers. Coins minted between 1949 and 1972 are often marked “1947” and are considered restrikes.
– Condition: Like other collector’s items, the condition of a Centenario coin, rated from Average Circulated to Brilliant Uncirculated (AU-BU), plays a significant role in determining its value.
– Market Demand: While not as well-known as some other gold coins, demand for Centenarios can fluctuate, influencing their premiums over the spot gold price. They’ve seen increased interest at times, possibly due to their appealing aesthetics and lower premiums compared to other coins like Gold Eagles and Krugerrands.
It is important to remember:
- The face value of 50 Pesos inscribed on the coin does not reflect its actual value, which is significantly higher due to its gold content.
- The market value of Centenario coins can fluctuate daily alongside changes in the price of gold.
- When purchasing, ensure you are dealing with a reputable dealer who can provide the necessary documentation and expertise.
How much gold is in a Centenario?
The Centenario weighs 41.67 grams and contains 37.5 grams (1.20565 troy ounces) of gold in an alloy of 90% gold and 10% copper (crown gold), and is 37 mm in diameter.
Is a Centenario 22k or 24k?
Metal: 22k Yellow Gold (. 900 fine) Weight: 1.2057 oz (37.5 grams)
Why are Centenario coins so expensive?
Great question! Value as an Investment
Until 1967, when South Africa released the gold Krugerrand, the Centenario was the largest gold bullion coin available. The coin’s rarity, particularly the issues from low mintage years also enhance its appeal. Coins minted in these years can command higher prices due to their scarcity.