Gold 5 Pesos (1955 & Prior)

About The Gold 5 Peso

The Gold 5 Pesos coin was a currency of Mexico, first introduced in 1905. The coin was minted in .900 fine gold and weighed 4.1666 grams, measuring 19 millimeters. The obverse side of the coin features the image of Miguel Hidalgo y Costilla, a leader of the Mexican War of Independence, and the reverse side depicts the Mexican coat of arms.

The Gold 5 Pesos coin was minted in various years, including 1955 and prior. The coin's value is based on its gold content, approximately 0.1206 troy ounces of pure gold. The coin's weight and gold content make it a popular choice for collectors and investors.

It is important to note that the coin's value can fluctuate based on various factors, such as the price of gold in the international market, rarity, condition, and historical significance. Therefore, it is advisable to seek the advice of a professional coin dealer or appraiser before buying or selling the Gold 5 Pesos coin.

Another popular Peso to collect is the 50 Pesos coin, otherwise known as the Mexican Gold Centenario. This coin is unique as it pays homage to the country's 100 year anniversary of its independence from Spain.

History Of The Mexican Mint

The Mexican Mint, also known as La Casa de Moneda de México in Spanish, is the oldest in the Americas and was established in 1535 by the Spanish conquistador Hernán Cortés. The mint's primary purpose was to mint coins to finance the Spanish Empire's operations in the New World.

Initially, the mint was located in Mexico City, but it was moved to a new facility in San Luis Potosi in 1732, where it remains. The mint has produced various coins over the centuries, including gold, silver, and copper coins of different denominations.

One of the most famous coins minted by the Mexican Mint is the Gold 50 Pesos coin, also known as the Centenario, which was first minted in 1921 to commemorate the 100th anniversary of Mexico's independence from Spain. The Centenario features the image of Winged Victory, or the Angel of Independence, on its obverse and the Mexican coat of arms on its reverse. The coin became so popular that it was minted for over 50 years, until 1972.

In addition to coins, the Mexican Mint also produces medals, bullion, and other numismatic products. Today, the mint is a subsidiary of the Mexican government's Ministry of Finance responsible for making coins and other legal tender for Mexico.

History Of The Gold Peso

The Gold Peso was the official currency of Mexico from 1921 to 1992 and was first introduced due to the monetary reform of 1905. The Gold Peso was minted in various denominations, including 2.5, 5, 10, 20, and 50 pesos, and each denomination had its unique design.

The Gold Peso coins were minted in .900 fine gold and had various weights, depending on the denomination. For example, the Gold 50 Pesos coin, also known as the Centenario, weighed 41.67 grams, while the Gold 2.5 Pesos coin weighed only 2.0833 grams.
One of the most famous Gold Peso coins is the Centenario mentioned above, which was first minted in 1921 to commemorate the 100th anniversary of Mexico's independence from Spain. The Centenario features the image of Winged Victory, or the Angel of Independence, on its obverse and the Mexican coat of arms on its reverse.

The Gold Peso was a popular currency in Mexico and was widely used in international trade, especially with the United States. However, due to the fluctuations in the price of gold and economic instability in Mexico, the Gold Peso was eventually replaced by the Nuevo Peso in 1992.

Today, the Gold Peso coins are highly sought after by collectors and investors, and their value is based on their gold content, rarity, condition, and historical significance. It is important to note that the value of these coins can fluctuate based on various factors, including the price of gold in the international market, the coin's rarity, and historical significance.

If investing in gold coins like the Gold 5 Pesos is part of your financial strategy, consider browsing some of our most popular gold bullion coins before you check out today.