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Gold Coin help ???

Smed624Smed624 Posts: 160
in U.S. Coin Forum

These coins belong to my so to be brother in law.
I don't really know anything about gold coins much less mexican coins.

any info about them would be great.....

image
EBAY Link

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    ArgentumRexArgentumRex Posts: 620 ✭
    They're Mexican 50 Pesos. They're about 1.2 oz. of gold each. The 47's are restrikes and the earlier dates are originals.
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    JJMJJM Posts: 8,128 ✭✭✭✭✭
    $663 oz. x 4.8 oz = $3183, minus 35% dealer set back = $2068 give or take if you wanted to liquidate them quick
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan
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    TomBTomB Posts: 23,069 ✭✭✭✭✭
    If you go to sell you should get very close to bullion gold spot price as long as they are not better dates.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    Smed624Smed624 Posts: 160
    Thank you for the info....

    What does Restrike mean?

    EBAY Link
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    PrivateCoinCollectorPrivateCoinCollector Posts: 2,415 ✭
    35% Dealer Set-back on Gold bullion???? That's nuts. It is bullion AKA money, why would you discount it more then a few %?
    Morgan HerdTO Gold Mine
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    kwmorgankwmorgan Posts: 967 ✭


    << <i>Thank you for the info....

    What does Restrike mean? >>



    They are dated 1947, but struck in a year much later than 1947.
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    topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Aren't they dated 1947 to make them legal to sell in the US?
    I remember there was a cutoff date back before foreign gold was legal to buy but can't for the life of me remember what it was.

    ?????????????
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    PentimentoPentimento Posts: 1,367
    And that '43 is a one year type.
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    WeissWeiss Posts: 9,942 ✭✭✭✭✭
    The one dated 1931 is a good date. Mintage of only 137,000 makes its value somewhere around $1000 (assuming MS64)
    The one dated 1943 is even more rare (89,000 pieces), but as you can see it doesn't have the 50 peso denomination--just the weight. It was the only year they did that. It too is worth about $1,000 (assuming MS64).

    The other two are worth their weight in gold, but not much more.

    The 1931 looks exceptional and it could very well grade considerably higher than the others. Very hard to tell with that image and I could be way off. Those clear plastic flips could be PVC, too, so I'd get them out of there asap.

    My advice: Don't clean them. Get them slabbed or sell them on eBay. 50 pesos do very well there. As I understand it, PCGS has or will have registries for Mexican coins soon?

    Some additional very good information:

    http://www.brokencc.com/50Pesovs20USgold.php
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame

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