50 peso gold coin ???

Discussion in 'Coin Chat' started by Your Exchange, Mar 28, 2012.

  1. Your Exchange

    Your Exchange New Member

    I cannot find inforamtion on this coin anywhere ..

    I have 6 of them.. The are confirmed 21 k with 14 k bevel/holder .. They are only 3 dwt in wieght per coin ..

    I use a Oracle which tests gold and also have a extensive baclground in testing gold.. It is 21k but stamped 14k

    On the front of the coin it says

    gbo6
    lam
    14k
    mex

    it looks like all other 50peso except for this writing.. It also is only 3 dwt


    I've look everywhere on the internet , and I do realize it says 14k , but it actually is 21k ??

    THey were mounted in this belt that is 10k exterior witha belt weight of 1.3 lb silver





    Any help out in the coin world Coin.JPG Coin.JPG photo 5.JPG Coin.JPG photo 3.JPG photo 2.JPG photo 4.JPG
     
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    They appear to be miniature copies of the 50 peso coin.
     
  4. medoraman

    medoraman Supporter! Supporter

    The coins were issued for a long period in Mexico, but yours are not correct. I agree with Doug that they appear copies.

    As for purity, I have never seen good news come from someone believing something is higher purity than the item claims. The claimed purity is usually the highest purity an item will be. I wonder if these may be 21 karat plated over lower quality.
     
  5. Your Exchange

    Your Exchange New Member

    I also agree with your statement regarding if the Karat is higher than stated , not usually a good scenario .. Before I start scratching these coins I wanted to get the opinion from some experts.. When testing wuith the Oracle it is a suface tester , and requires gouging the surface.. There is some scatchs that were in some of the coins so I still feel confidant that it is 21k because it is testing out in the gouged area.. BUt I appreciate all the feedback so far !
     
  6. GDJMSP

    GDJMSP Numismatist Moderator

    The point is that it doesn't matter what the purity is because they are not coins, they are fakes, miniature copies, of a genuine coin. So the only value they will have is the gold content - whatever that content is.

    What that means is that you can melt them down and do a proper assay to determine the actual gold content, and not lose any value by doing so.
     
  7. desertgem

    desertgem Senior Errer Collecktor

    I agree, they were not issued as coins. Most likely as decorations as they appear to be used in the photos. Mexico ( not the government but the culture) has a history of "gold" fantasy coins, especially for weddings and gift uses. They are generally much smaller than the original design and are either plated gold or not gold at all. Beyond a novelty value, they are probably better left as costume jewelry
    Jim
     
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