Grade And What Is It?

I'm certainly no expert, but I'd be very surprised if that coin has any gold in it, particularly if you got it cheap. Did it come from Asia (e.g., China) by any chance? If so, it is almost certainly a cast copy of a real coin- there are tons of fakes on ebay and you have to be very careful.

When I get home I can look it up in a book for identification.

By the way, welcome to the site! I'm sure someone will be along presently with a more knowledgeable response than I.

Regards,
~neuron

Hmmm... well anything from 1914 Mexico should say "Estados Unidos Mexicanos" instead of "Republica Mexicana". The letters look clunky to me too, and the "ORO 0.595" appears to be stamped post-mint. I can find similar-looking coins in my book, but nothing exactly like yours. There should be a wreath under the eagle instead of writing, for example. So my guess is that it is a fake or some sort of privately-minted coin. It could be an authentic private-mint insurgent or war coin.

I googled "ORO 0.595" and the following page came up: http://www.coinsandhistory.com/Mexico_2.html

There is a coin similar to yours on it. If someone has a Krause book maybe it would be in there- the book I am using has a decent amount of war coinage, but yours doesn't show up. I hope it is authentic- sure would be neat if it is!

Regards,
~neuron

Here is one I found on the web. Down towards the bottom. The bird side looks different than the one you have. Other than that I know nothing about them.

http://www.anythinganywhere.com/com...s/mexico.htm