I have a couple of dos pesos coins dated 1945 and I found out that there have been thousands upon thousands of restrikes done on these. I was a bit taken aback to find out that my 1945 may not have been minted in that year but could have actually been minted in 1972. Here's my question: As a coin, is it worth any less money because it's a restrike? I mean it's obvious that as bullion coin it wouldn't make a difference but I'm talking specifically about collecting. Does anyone know anything about restrikes? Has the US done any restrikes? I appreciate any and all responses.
Typically restrikes are worth bullion and that's about it. There are exceptions of course, but very few.
Just checked the catalog that I use (Schön), and it says the "regular" 2 pesos (Quinto de Hidalgo) coins have a value of €40 (VF) / €75 (EF-AU). The restrikes are listed as "MW (bullion value) + 25%". Its weight is 1.66 g, thus roughly the price of one ounce, divided by 20, plus 25 percent. Hope I got the maths right. Christian
Coin collecting interest developed long after coining started in the US, thus when the need for examples of certain coins were needed ( sometimes by the mint and other museums),and the Mint did not have the coins, but they still had the dies, and no real problem in their minds to restrike the older coins, such as for diplomatic and trading value ( and also some personal gain later as collecting became more popular). Best known are the 1804 dollars, and later the 1801,2,and 3 Dollars. Breen's and other popular books on the 1804 dollar contains interesting reading. Restrikes such as the Maria Theresa, Mexican gold pieces, confederate cent and half dollar, usually bring much less than the original. Jim
Yes I appreciate the info. Now that I've had my initial thoughts verified, I will trade these two for silver. :smile They're not unc anyways. Live and learn. :headbang:
Hmm, I think the 2 1/2 pieces were and still are restruck, see http://www.cmm.gob.mx/centenario.html (then click on "Hidalgo"). The 2 pesos restrike is listed on the next page (click "siguiente"). Christian
Thanks for catching my error Chris. Gotta love that Mexican 1 kilo Aztec calender coin they are hawking down in ole Mexico City. Traci
Great info! I also have a 1981 1/4 oz gold but that's just too nice, restrike or not and I'm keeping this one.
Yep - big, bulky but beautiful. (For those who don't know that piece, here is a media release, in Spanish, with an image: http://www.cmm.gob.mx/comunicado_shcp_casa_moneda.pdf Diameter 11 cm, I think ...) Christian
