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    US Gold & Coin
    Mexican gold peso coins including the Centenario

    Mexican Gold Peso Values

    Gold content, weight, and melt values for every Mexican gold peso denomination from the 2 Peso to the 50 Peso Centenario.

    Expert Guide

    Mexico produced more denominations of gold coins than almost any other country. From the tiny 2 Peso to the massive 50 Peso Centenario, each one contains a specific amount of gold that determines its minimum value. This guide covers every denomination across both production eras so you can figure out exactly what your Mexican gold coin is worth.

    Quick Reference: Mexican Gold Coin Melt Values

    Two series of Mexican gold coins exist. The older series (1870–1905) used 87.5% gold. The later series (1905–1959) switched to 90% gold. Both are common in American collections, especially in Texas and across the Southwest.

    Later Series (90% Gold) — Most Common

    CoinPurityWeight (g)AGW (oz)Approx. Melt Value
    Gold 2 Peso (1919–1947)90%1.6670.0482$242
    Gold 2.5 Peso (1918–1948)90%2.0830.0603$303
    Gold 5 Peso (1905–1955)90%4.1670.1206$606
    Gold 10 Peso (1905–1959)90%8.3330.2411$1,212
    Gold 20 Peso (1917–1959)90%16.6670.4822$2,423
    Gold 50 Peso (1921–1947)90%41.6671.2056$6,058
    Gold Onza (1981–Date)90%34.5590.9999$5,025

    Melt values are approximate and based on recent gold spot prices.

    Earlier Series (87.5% Gold) — Less Common

    CoinPurityWeight (g)AGW (oz)Approx. Melt Value
    Gold Peso (1872–1905)87.5%1.6920.0476$239
    Gold 2.5 Peso (1870–1892)87.5%4.2300.1190$598
    Gold 5 Peso (1870–1905)87.5%8.4600.2380$1,196
    Gold 10 Peso (1870–1905)87.5%16.9200.4760$2,392
    Gold 20 Peso (1870–1905)87.5%33.8400.9519$4,783

    The earlier 87.5% series is scarcer than the later 90% series. Original-date coins from the 1870s and 1880s may carry collector premiums above melt.

    Mexican Gold 2 Peso

    The 2 Peso is the smallest Mexican gold coin you'll commonly encounter. It's about the size of a shirt button and weighs just 1.67 grams. People often mistake them for tokens, jewelry components, or costume pieces. If yours shows the Mexican eagle on one side and "Dos Pesos" on the other, it's genuine gold.

    At 0.0482 troy ounces of gold, the 2 Peso is worth roughly $242 at current prices. These were produced from 1919 through 1947, with many restrikes dated 1945. The 1919–1920 originals are scarcer than the 1945 restrikes.

    Mexican Gold 2.5 Peso

    The 2.5 Peso (Dos y Medio Pesos) contains 0.0603 troy ounces of gold, putting its melt value around $303. It's slightly larger than the 2 Peso but still a small coin. The obverse features the Mexican national emblem, and the reverse shows Miguel Hidalgo, the father of Mexican independence.

    Production ran from 1918 to 1948, with heavy restrike production in the 1940s. Like the 2 Peso, the 1945 date is the most commonly encountered.

    Mexican Gold 5 Peso

    The 5 Peso holds 0.1206 troy ounces of gold, worth approximately $606. The later series (1905–1955) features Miguel Hidalgo on the obverse. The earlier series (1870–1905) has a different design with the balance scale of justice and contains 0.2380 oz of gold at the older 87.5% standard, nearly double the gold of the later version.

    The 5 Peso is a popular fractional gold coin because it offers meaningful gold content without a large price tag.

    Mexican Gold 10 Peso

    The 10 Peso contains 0.2411 troy ounces of gold in the later series, worth roughly $1,212. That's about a quarter ounce of gold. The obverse features Miguel Hidalgo, and the reverse shows the Mexican eagle.

    The earlier 10 Peso (1870–1905) contains 0.4760 oz, nearly half a troy ounce, making it worth approximately $2,392 in gold content alone. If you have a 10 Peso from the 1800s, it contains significantly more gold than the 20th-century version.

    Mexican Gold 20 Peso (Aztec Calendar)

    The 20 Peso is a large, impressive coin featuring the Aztec sunstone calendar on the reverse. The later series (1917–1959) contains 0.4822 troy ounces of gold, worth approximately $2,423. That's nearly half an ounce.

    The earlier 20 Peso (1870–1905) contains 0.9519 oz, almost a full troy ounce, valued at roughly $4,783. That makes the 19th-century 20 Peso one of the most valuable Mexican coins by gold content, second only to the 50 Peso.

    The Aztec calendar design makes the 20 Peso one of the most visually striking gold coins from any country. Collector demand for nice examples adds a premium above melt for coins in better condition.

    Mexican Gold 50 Peso (Centenario)

    Full dedicated guide to the 50 Peso Centenario →

    The Centenario is the crown jewel of Mexican gold coinage. First minted in 1921 to celebrate 100 years of independence from Spain, it contains 1.2056 troy ounces of pure gold. At today's prices, the gold content alone is worth more than $6,058.

    The obverse features the Winged Victory (Angel of Independence), the same statue that stands on a column in Mexico City. The reverse shows the Mexican coat of arms with the eagle, snake, and cactus.

    Original production ran from 1921 to 1931, then restarted in 1943. All coins minted from 1949 onward carry the 1947 date, making them restrikes. Original-date coins from the 1920s are scarcer and may carry premiums above melt value.

    Before the South African Krugerrand launched in 1967, the Centenario was one of the few large gold bullion coins available worldwide. Millions were produced, and they remain one of the most commonly traded gold coins on the market.

    Mexican Gold Onza

    The Gold Onza (1981 to present) is Mexico's modern one-ounce bullion coin, containing 0.9999 troy ounces of pure gold worth approximately $5,025. It features the Winged Victory on the obverse, similar to the Centenario but in a modern design.

    People sometimes confuse the Gold Onza with the Silver Libertad, which shares a similar design. The gold version is smaller and heavier. If a magnet does not stick to it and it has noticeable weight for its size, it's likely gold.

    Restrikes vs. Originals

    Mexico restruck many of its gold coins in the 1940s and 1950s to meet investor demand. Common restrike dates include 1945 for the 2 and 2.5 Peso, 1955 for the 5 Peso, 1959 for the 10 and 20 Peso, and 1947 for the 50 Peso.

    Restrikes contain the same gold as originals. The metal value is identical. The difference matters to collectors. An original 1921 Centenario is scarcer than a 1947-dated restrike and may sell for a premium.

    For most sellers, the distinction does not significantly affect the payout. Dealers pay based on gold content plus any collector premium the specific coin carries.

    Why Mexican Gold Coins Are Common in Texas

    Geography plays a role. Texas shares a 1,254-mile border with Mexico, and Mexican gold coins have crossed that border for generations. Families in Dallas, Austin, Houston, San Antonio, and El Paso regularly find Mexican gold pesos in inherited collections, safe deposit boxes, and estate sales.

    If you're in Texas with Mexican gold coins to sell, US Gold and Coin has locations in Dallas, Austin, Fort Worth, and Waco. We see Mexican gold pesos every week and can evaluate yours in minutes.

    Professional Mexican gold coin appraisal at US Gold and Coin
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