Two gold coins i know nothing about.

Discussion in 'What's it Worth' started by CoinZombie, Jul 24, 2010.

  1. CoinZombie

    CoinZombie New Member

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  3. Ltrain

    Ltrain New Member

    Seeing you hold the first by it's surfaces made me cringe. You should always hold coins by their rims, and even then, with gloves on... I never do that, though, save for really valuable coins.
     
  4. CoinZombie

    CoinZombie New Member

    That is good to know, i have only held that coin maybe 2 or 3 times, i usually leave it alone but i was trying to figure out what coins i needed cases for and i took some pics so i would not need to pull it out again looking for prices online. Thank you for the advice i will use gloves from now on.
     
  5. Hobo

    Hobo Squirrel Hater

    He is holding the coin by the rims. I think you meant to say he should hold coins by their edges.
     
  6. Hobo

    Hobo Squirrel Hater

    Zombie, $2 1/2 Indians (like yours) are heavily counterfeited. I would suggest that you take the coin to a reputable coin dealer and ask him to authenticate it for you.
     
  7. Ltrain

    Ltrain New Member

    Right, right. My bad. Anyways, the second is a US quarter eagle... value ranges from $250+, assuming it's real and in fairly good shape, which yours looks to be. Just the gold content alone is worth about $145.

    The first one is the more valuable one... although dated 1947, they were made from 1949 to 1972, apparently, and is worth north of $1500.
     
  8. CoinZombie

    CoinZombie New Member

    I got the first one from my grandfather he gave a man 20 dollars to get home to Mexico and he still had some when he got there so he bought a pig with what he had left over and ended up becoming a big pig farmer in Mexico, so about four years later he showed up at my grandparents house and gave my grandpa that 50 pesos coin and told him he was welcome to his ranch anytime he is in Mexico, then they took a shot of tequila and he left. I still have the tequila its only missing two shots from it and has not been opened in like 40 years. Thats all i ever knew about that coin did not realize it was worth that much and i am sure the second one is real got it from my grandfathers collection when he passed away but i will look into it.
     
  9. DionHurst

    DionHurst Member

    Nice story on the Mexican coin. Shows that treating people nice is still appreciated.
     
  10. Numismatist47

    Numismatist47 New Member

  11. mexirish

    mexirish New Member

    Just saw htis thread, the Mexican coin is a "Centenario" 1.20oz of 0.900 gold, originally struck in 1921 to celebrate the 1st century of Mexican Independance, annually thereafter until 1931 when it was suspended, started again in 1943 until 1947. From 1949 to 1972 some 4 million were struck, it is thought all were "re-strikes" witht he 1947 date.
    Value is slighlty over bullion price so around $1,500 these days, originals from early strikes (particulalry 1921 and 1931) carry premiums. These continue to be traded by banks in Mexico today as bullion.
    Nice coin and great story!!
     
  12. stealer

    stealer Roller of Coins

    Thanks for the info mexirish!

    By the way, you can buy bullion from banks in Mexico?
     
  13. mexirish

    mexirish New Member

    Yep, quite a few banks sell silver and gold Libertad coins and a few sell Centenarios as pictured above. The Banco de Mexico publishes a daily buy/sell rate in pesos (peso is approx 12.70 to the US$ today) Here are today's vlaues.

    ORO Y PLATA [​IMG] [​IMG] Centenario 17,000.00 18,600.00 [​IMG] Oro Libertad 14,250.00 16,050.00 [​IMG] Plata Libertad 225.00 255.00
     
  14. whstler

    whstler New Member

    Hi Stealer.

    I just joined, which is why my post is so late.

    As mexirish wrote, your Mexico coin is a Centanario. The facts he stated on the coin is all correct.

    You can still find them quite frequently in the cambios (money exchange houses) here in Guadalajara for not much over gold spot price, though they sell at a bit of a premium on eBay. Just yesterday I saw one at a cambio that was selling for $97 pesos (about $8 US) over the then current gold spot price of $16,671 pesos (about $1378 US). Usually, though, the premium at the cambios for this particular coin is two or three hundred pesos.

    Thanks for posting a photo of the coin. I like looking at those beautiful coins.

    Oh, and as for buying bullion coins at the banks here in Guadalajara, not all of them carry the Libertads, and those that do carry them will charge a substantial premium over silver spot price.
     
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