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Mexican Gold Coin a Good Deal?

inkdiverinkdiver Posts: 56 ✭✭✭
in World & Ancient Coins Forum

I am being sold this Mexican 2.5 Peso gold coin for $120 USD. It is .900 purity and has 0.0603 troy oz. of gold.

My guess is that is is probably in circulated condition.

Does the coin look real and would it be a good deal to buy this coin?

Thanks for any help!

Answers

  • ELuisELuis Posts: 1,132 ✭✭✭✭✭

    The price is not bad, that looks like AU condition, also this year is a restrike. hth

  • inkdiverinkdiver Posts: 56 ✭✭✭

    @ELuis said:
    The price is not bad, that looks like AU condition, also this year is a restrike. hth

    Thank you, I had to Google what a restrike was. I read that it was a coin made from original dies at a later year.

    So this coin was not made in 1945, but possibly after? Would a restrike coin still be easy to sell later on?

  • ELuisELuis Posts: 1,132 ✭✭✭✭✭

    for what i know, most of any new mints are now with that date. do not think you will have any problem in the future to sell it.

  • AbueloAbuelo Posts: 1,843 ✭✭✭✭✭

    These restrike were stroke by the thousands in recent years. They are bullion, you should not pay above that.

  • inkdiverinkdiver Posts: 56 ✭✭✭

    The seller sent a picture with the weight of the coin. It says 0.05 oz on the scale (not sure if regular ounces or troy ounces), but the weight conversion from 0.05 ounces does not add up when I convert it. The total weight of the coin should be 2.08 grams.
    0.05 ounces = 1.4 grams
    0.05 troy ounces = 1.5 grams

    Is it normal for the coin to lose some heaviness/weight with time?


  • bronco2078bronco2078 Posts: 10,294 ✭✭✭✭✭

    that is not a coin scale so .05 is probably as close as it can weigh it. It looks ok to me.

    These are tied with 20 franc as my favorite bullion. The 2 peso is too small , 2.5 is just right

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