Family Hoard Coin: 1942 Mexican 5 Centavos - Key Date - Grade & Value?

Discussion in 'World Coins' started by ConfederateHalf, Jul 4, 2011.

  1. ConfederateHalf

    ConfederateHalf Stars & Bars Forever

    Hello,

    My father-in-law's dad was in the Merchant Marine in the 1930's and 1940's and he brought back many coins from his travels abroad. All of them sat in a tin cookie can in a closet for the past 70 years. Recently, my father-in-law brought me this can of coins and I've been picking through them pulling out the more numismatically interesting specimens. The hoard has already yielded a 1911 Y31 Chinese Dragon Dollar that ANACS graded VF35.
    1911 Dragon Dollar Combo Small.jpg We sold that one on eBay this week for $799.00. Cha-Ching! :D


    Now I'm evaluating another interesting find. One of the coins in the hoard is a 1942 Mexican 5 Centavos seen in the photos I've attached.

    1942 Rare Mexican 5 Centavos XF Combo.jpg

    I Google'd this coin and learned that in 1942 Mexico changed the design of the 5 centavos piece late in the year. The earlier variety is quite common with over 7 million coins struck, but this variety has a mintage of only 900,000 and is the key date of the entire series that runs from 1942-1955. :)


    1942 Rare Mexican 5 Centavos XF Obverse.jpg 1942 Rare Mexican 5 Centavos XF Reverse.jpg


    I'd like to get opinions on the grade and value of this coin. I'm almost exclusively a collector of U.S. coins, so I'm not 100% confident of how to grade this piece other than to use general grading standards. To me, it looks like an XF45 as it only shows light wear on the highest points of the devices but I'd love to hear from someone who has more experience grading and valuing Mexican coins - especially someone familiar with this series.
     
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  3. Lugia

    Lugia ye olde UScoin enthusiast

    ill take your word on the grade and after looking at a few on ebay 50 bucks? its not worth slabbing especially with that verdigris on the reverse right.
     
  4. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Yeah XF45 is what I'd grade it.
     
  5. Hiddendragon

    Hiddendragon World coin collector

    You're lucky. I've been searching for this one for my Mexican collection for months now with no luck. I'm looking for a bargain though.
     
  6. ConfederateHalf

    ConfederateHalf Stars & Bars Forever

    Thanks to all who responded. My father-in-law is not a collector and prefers to liquidate the hoard for whatever it'll bring, so this coin is now on eBay seeking a buyer. It's not hard to find, as I've only seen one other like it recently listed there.
     
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