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 Replies: 8 / Views: 25,243 |
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New Member
United States
2 Posts |
My dad gave me this coin about 20 years ago. I'd like to know how to estimate its value and also how to sell it if I wanted to. I am a complete novice and don't know if I'd be taken advantage of by walking in cold to a coin store. thanks.
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Pillar of the Community
United States
651 Posts |
It's worth basically melt. These are considered Bullion coins.
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New Member
 United States
2 Posts |
so if gold is at $4o/gram, I've got $1500 or thereabout in value? Is there a reason I should expect any coin dealer to offer substantially less? Obviously he's going to need room for profit, but how much should that generally reduce the cash value? thanks.
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Bedrock of the Community
United States
10982 Posts |
Quote:
...so if gold is at $40/gram, I've got $1500 or thereabout in value? Yes, you are correct. I recently sold one of these coins to APMEX for 98% of melt value. I had to pay to ship it to them also though. I figure a Mexican 50 Peso gold at 1.2 troy ounces although it's a touch over that amount (0.006 over). So at current melt you're looking at $1257 X 1.2 = $1,508. I would not take less than 97% of that value or $1463 minimum sell price. APMEX will pay you $1,484 right now. Figure $15 for insured shipping and you net $1469. |
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Pillar of the Community
United States
1801 Posts |
Your coin is a "Centenario" and should bring a slight premium over the melt value when you sell it. Your coin happens to be an "original" (dated 1926), and does have a slight numismatic valueas well. The restrkies are all dated 1821-1947. That is a beautiful coin. For a quick price it is 1.2057 oz of gold. With gold at $1257.40 as of Friday close, you have $1516 in gold value.
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Pillar of the Community
United States
5362 Posts |
Just a word of caution, I have seen three forgeries of this coin recently in Raleigh, NC. The increase in gold value is bringing out many old forgeries.
One was a gold plated brass copy using very well copied dies - it was thicker than an original and had a density near 9.0. Some of the features were blunted so it looked like a worn die pair.
The second was a cast copy that was substantially underweight. It was a base metal forgery with a gold paint applied. Probably dated back to the 1950s.
The third was a copy struck in debased gold from what appeared to be impact transfer dies. The central design high spots were very weak as if it was a low pressure strike. It came in a fake plastic holder from a second tier TPR. When we broke it out - it was also light weight and had a plain edge. It contained just under 50% of the correct amount of gold.
So my comment is BE CAREFUL. Not all 50 Peso coins sitting in 50 year old collections are real.
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Pillar of the Community
Canada
3692 Posts |
Although it says "Oro Puro" on it, it is only 90% gold.
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Pillar of the Community
United States
1801 Posts |
Libertad, the coin states it contains 37.5 grms of "oro puro" which is correct, it has 37.5 grms of pure gold. You are correct that the coin itself is only 90% gold, that is because the coin weighs 41.6666 grms.
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Pillar of the Community
Canada
3692 Posts |
So it is, you're right. It's so easy to overlook these things.
Edit: In my Krause, the bullion coins don't tell you how thick they are. That, in my opinion, would help greatly and would give another tool to the counter-counterfeiter: the caliper.
Edited by Libertad
06/23/2010 08:45 am
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Replies: 8 / Views: 25,243 |
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Posted 06/20/2010 7:40 pm
