Need a little help - 1947 50 Peso PCGS MS69

lister

Hello all,
A client of ours asked us to help him sell this coin. He has no idea of it's value, and our knowledge on any foreign coin is limited at best. I was wondering if any of you good people could add some assistance. Exactly how rare is this example, and what are they worth on the market today. Also, any outside references would be appreciated (maybe a Mexican coin value guide, or something of that nature). I did some quick browsing on the web, and only came up with values for raw examples. However, I did read a few places where this is a tough date in high grade. As it states in the title, we are talking about a 1947 50 Peso Mexican Coin graded MS69 by PCGS. Any help is appreciated!

Thanks

Scioto

From COIN PRICES magazine March 2005 - During 1949-1972 a total of 3.975,654 pieces were restruck , most likely dated 1947.
It lists a total of 309,000 minted (original mintage). My Standard Catalog of World Coins says bullion value + 3% for an uncirculated coin but a slabbed MS69 would be higher.

coinkat

While this is a bullion coin, I would think a 69 would have a premium. I would consign it to Heritage or Goldberg's.

DorkGirl

All I could find were circulated examples that sold for around $750. My Krause says bullion + 3%. Someone will be along shortly that will know.

DorkGirl

Geez, I'm old and slow

Garneteye

Text

7Jaguars

This could be a specimen and certainly has had special treatment. It does look like the type of coin that would fit in a Heritage sale where it might bring a crazy price!

satootoko

Found this posted in another forum:

<< <i>Hello Everyone,

There is a post across the street in the world coin section of the message boards about a Mexican 50 peso. It was posted on August 4th by "Lister".

I have spent a lot of time and research on the 50 Pesos and I would like to help answer his questions, but I am not a member.

If one of you are also members across the street it would be very helpful if you could pass along my contact information to Lister. I think I could help him out.

You can give him / her my username "Eagle1" here on the NGC boards of my full name and email address - Jim Maltbie and jimmaltbie@hotmail.com.

Thanks!

Registry Set: The Challenger Collection - $50 Gold American Eagles
Signature Set: The Challenger Collection - Mexican 50 Peso Gold >>

Stork

All I can say is that I have NEVER seen one this highly graded, in fact a 66 is the best I've ever seen. I don't have access to pop reports or anything like that, but I have been keeping my eye out for a nice one for about 3 years now.

It may be bullion, but it's bullion in a grade that I would suspect is EXTREMELY uncommon.

Tell your client I'll give him spot+10% . Actually I'd be interested to know what the value of something like that is. It's a great design!


Cathy

MacCrimmon

<< <i>All I can say is that I have NEVER seen one this highly graded, in fact a 66 is the best I've ever seen. I don't have access to pop reports or anything like that, but I have been keeping my eye out for a nice one for about 3 years now.

It may be bullion, but it's bullion in a grade that I would suspect is EXTREMELY uncommon.

Tell your client I'll give him spot+10% . Actually I'd be interested to know what the value of something like that is. It's a great design!


Cathy >>



POP Report info:

PCGS No: 526255
Date: 1947
Denom: 50 P
Variety:
Desig: MS
VG-VF: 0
40: 0
45: 0
50: 0
53: 0
55: 1
58: 0
60: 0
61: 1
62: 2
63: 6
64: 31
65: 48
66: 27
67: 6
68: 11
69: 3
70: 0
Total: 136

lordmarcovan

I think that coin warrants a "wow".