Coin Collecting Information

Wilson Marks asked:


Nowadays, Mexican coin has become one of the HOT items among collectors and gold investors. The Mexican 50 peso gold coin (a.k.a Gold 50 Peso, 50 peso gold coin, Mexico 50 pesos gold coin) is definitely the most desired one among all Mexican gold coins.

 

The Mexican 50 peso gold coin is an official re-strike from the 400-year old Mexico City mint. A 20 karat coin, it contains exactly 1.2057 troy ounce of fine gold. It is the most beautifully designed gold coin to date. First issued in 1921 to celebrate the 100th anniversary of Mexico’s independence, this peso gold coin is about 20% larger than the 1-oz American Gold Eagle Coin. The popular Mexican coin features a winged angel with the legendary mountains (Popocatepetl and Iztaccihautl) rising in the background. The reverse side of the coin features an eagle with a snake in its beak.

 

Mexican 50 Peso Gold Coin Specifications:

 

Fineness: .900

 

Diameter: 36mm

 

Actual Gold Content: 1.2057 troy ounce (37.5 grams)

 

The 50 Pesos carry small premiums over the restrikes, except for the 1921 and the 1931 coins, which can have large premiums.The Mexican 50 Pesos in the bullion coin market normally are restrikes, minted from 1943 onward. If you would like to invest in gold to simply protect your assets during the financial turmoil and declining economy today, I would recommend you investing in gold coins with small premiums, such as the Mexican 50 Pesos gold coin and Krugerrand gold coins.

 

The 50 Peso gold coin cost less per ounce and thus give you more gold for your money than the standard American Eagle gold coin series. It is already well known in the industry and any dealer will readily trade them. If you have $5,000 or less to spend put half in US 90% silver coin, and half in Mexican 50 Pesos or one ounce Krugerrands or American Eagle gold coin. If you have $5,000 to $25,000, put at least half of your money in US 90% silver coin, and the rest in Mexican 50 Pesos or Krugerrands or American Eagle.

 

I recommend you checking out MexicoGoldCoin.com. It is a specialized Mexican Gold Coins site, offering a great selection of Mexican Gold Coins for sale. This website makes finding the Mexican Gold Coin deals a million times easier. Be sure to visit this website before you buy.

Muna wa Wanjiru asked:


Coins are generally hard round pieces of metal that are used as currency and have ben used this way for centuries together. Coins are issued by the banks or Government . Coins are used for day to day circulation in daily life. Lower denomination are in form of coins where as higher denominations are issued in form of bank notes .

The gross value of the metal used in coins is much lower than the face value of the coin.

Exception to the currency coins are the Bullion coins ,coins made out of precious metal like gold silver and platinum. These coins are not used for currency, gold coins and silver coins as currency was ceased in 1933 when the gross value of the coin became higher than the face value.

Gold and Silver coins are not produced only as souvenirs or as collectors item or for investors.

Gold and Silver coins being very valuable are mainly produced for coin collectors ,or for investors who purchase these coins to safe guard their savings. These valuable coins are a good way of liquidating your investments ,in the United States financial planners are known to advice their clients to put at least 40 % of their savings in purchasing these Gold and Silver Bullion coins.

Every country mints Gold coins for their investors as well as coin collectors.United Stats mints the American Gold Eagle.Canada is known to mint the very popular Canadian Gold Maple Leaf.

South Africa is known to mint the not so popular in demand the Krugerrand.

The face value of the U.S Eagle is 10$ ,though In this case the face value makes no difference as the gross value of the coin is much more ,the coin in this case is valued as per the prevailing market price of Gold metal. The Canadian Maple Gold leaf also has a nominal face value.

A great number of metals are used for the production of coins ,metals and alloys of all kinds are used for minting coins , earlier valuable metals like gold silver and platinum were used which then became collectors item or Bullion coins ,for currency the use of copper came into practice this too at some point when the metal value of copper increased had to be ceased after copper Nickel was very popular for small coins of cent and quarter .Nowadays steel is used practically for all the coins ,though plating and coloring of different kinds are given to create differentiation among the coins.

There are many types of coins

Currency coins are the ones used for day to day circulation ,the face value of these coins is the market value of the coin ,the gross value of the coin is lower than the face value.

Bullion Coins -Gold and Silver coins ,the coin value of these coins depends 100%on the market value of the metal ,a gold coin is priced as per the prevailing rate of the gold metal .Bullion coins are valued as per the cost of metal their standard weight as well as their purity. These coins are no more used In circulation, they are used as investors item .

Rare antique coins

These coins are collectors item , the value of these coins is determined by the rarity the age the condition the date of issue the mint mark of the coin . If the above criteria’s are not met with the coin ,the coin is graded with a low grade and the market value of the coin is relatively low.

Certain coins have historical significance to their presence and such coins whatever be the condition are well priced n the collectors market.

Coins have been a part of our lives from the 6th century BC ,the first coin was minted by the Mahajanapadas of Indo- Gangetic Plan since then coins are an essential part of lives either in form of currency or In form of Bullion coins as investment.

Coins - go figure - and enjoy!