Argentina 5 Peso Gold Coins (Random Dates) AGW .2334

Argentina 5 Peso Gold Coins (Random Dates) AGW .2334
This photograph illustrates the quality of the coin(s) you will receive, not the exact item. "Random Years" coins will be dates of our choosing.

Product Details

During the early 1900s, both Americans and Europeans used the phrase "Rich as an Argentine" to describe an individual of substantial wealth. In 1914, only Great Britain was more urbanized, and by 1929 only Great Britain had more cars per capita. Argentina was considered to be one of the ten wealthiest nations in the world in terms of per capita income.

Not more than 20 years later, a series of poorly executed policies -- nationalization of industries, expansion of state services and substantial overseas borrowing -- as well as a period of bad leadership began to ruin the economic prosperity of the country. Unable to finance its spending, the government of Argentina opted to attempt inflating its way out of its obligations.

This caused an astronomical inflation factor of 2.1 billion times original prices between 1976 and 1991. To give an example, a single one of the 5 pesos Gold coins now holds a modern purchasing-power equivalency which is beyond 500 trillion of the original, nominal pesos that denominated the coin. Once a status of wealth and prosperity, this massive inflation has eroded Argentina's per capita rank in the world to the less-enviable likes of Jamaica and Belarus.

Each coin contains .2334 of an ounce of Gold. Most will be Extra Fine or better, but a few lower grades may be in the mix as well.


Gold -- why buy Gold from APMEX?

Gold is one of the world's favorite bullion investments and is a popular way to diversify one's wealth. Call our Account Managers toll free at (800) 375-9006 or click on the “Live Chat” button. APMEX is where to buy Precious Metals! Also, you can come to us when it is time to sell Gold, Silver, Platinum, and Palladium.


Specifications

Product ID: 23610
Year: 1882-1888
Grade: Extra Fine
Grade Service: None
Denomination: 5 Pesos (Argentino)
Mint Mark: None
Metal Content: 0.2334 troy oz
Purity: .900
Manufacturer: Varies
Thickness: 1.5 mm
Diameter: 22 mm
Inner Pack: N/A
Outer Pack: N/A

REVIEW SNAPSHOT®

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Argentina 5 Peso Gold Coins (Random Dates) AGW .2334
 
5.0

(based on 2 reviews)

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5.0

Cool Coin

By john172867

from Michigan

Pros

  • Attractive Design

Cons

    Best Uses

      Comments about Argentina 5 Peso Gold Coins (Random Dates) AGW .2334:

      If you enjoy holding a piece of history in your hand, than I recommend this coin. It's about the size of an American nickel and the design is beautiful in my opinion. My coin is dated 1886. Considering the age of the coin, it is still in pretty good condition. I don't regret my purchase.

      Service and delivery comments:

      As always, APMEX delivered my coin speedily. It arrived in less than a week from my online purchase.

       
      5.0

      Beautiful coin

      By john172867

      from Michigan

      Pros

      • Attractive Design
      • Collectible (lower mintage)
      • Value (low premium over spot)

      Cons

        Best Uses

          Comments about Argentina 5 Peso Gold Coins (Random Dates) AGW .2334:

          I bought this coin for a friend from Argentina. Now I want to buy one for myself! The coin I received is dated 1886. It's in good condition considering how old it is. I gave it five stars primarily for the beauty and historical value of the coin. I didn't think that I would appreciate gold coins from countries other than the United States. I was wrong. If you like owning a bit of history, I recommend buying at least one.

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          We provide all of our customers with a refund, return and / or exchange on everything we sell including all bullion and certified coins. If for any reason, you have a problem, please feel free to call us. We will always do our best to accommodate you.

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