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Mexican Gold Coin
Mexican Gold Coins $50 Gold Bullion Pesos 1-877-962-1133
$2.50 Gold Coin
The gold quarter eagle, value $2.50 face worth, was licensed by the Mint Act of April 2, 1792, although the first coins of this denomination didn't appear till 1796. In a little bit of an odd twist, nowhere on the coin is the face value denoted.
The first gold quarter eagle was the Capped Bust to Right kind of 1796-1807. The obverse shows Liberty wearing a head turban fashionable with girls of the late 18th century. For a long time, the turban was incorrectly thought by many to be a liberty cap derived from historic Rome, as was the case with other United States coinage. Research later uncovered the 1825 writings of Mint Director Samuel Moore, who verified the true nature of Liberty's head attire. For this reason, numismatists also name this the Turban Head type. An example is seen directly below.
Less than 20,000 Turban Head Quarter Eagles were minted. Tensions between the U.S. and Europe throughout the 1790s and early 1800s drove European gold prices higher. Bullion sellers exploited this example by obtaining American gold coinage in trade for relatively low cost Mexican silver and exporting it to abroad melting pots at a considerable profit. The danger of instant doom drastically curtailed manufacturing of all U.S. gold cash through the earliest years beneath the Constitution.
The Mint hired John Reich as Assistant Engraver in 1807. Reich was a extremely reputed German die sinker who arrived within the United States as an indentured servant in 1801. After six years of failing to secure everlasting employment at the Mint due to internal politics (apparently, nobody wanted to offend the sensibilities of Chief Engraver Robert Scot), Reich began planning to return to Germany. Via the intervention of President Thomas Jefferson, the assistant's place was created for Reich to retain his talent.
Reich immediately set out to improve the looks of United States coinage, together with a new gold quarter eagle, launched in 1808. Reich depicted Miss Liberty going through left, wearing a mobcap embellished with the word LIBERTY. The Capped Bust to Left, generally often known as the Capped Draped kind, featured a somewhat practical eagle extending its wings sitting atop an olive department, whereas holding arrows suggesting drive, if necessary, to defend itself. Reich's eagle reverse would stay a fixture on U.S. coinage for the subsequent a hundred years.
The Capped Bust to Left Quarter Eagle was in production for the yr 1808 only. A single set of 1808 dies have been made, and numismatists theorize it broke after only 2710 items had been made. Thereafter, quarter eagle gold coinage was suspended due to the continued threat posed by international bullion dealers.
Quarter eagle production resumed in 1821. Though gold coinage nonetheless had hassle remaining in circulation because of its high intrinsic steel worth, a number of banks deposited gold bullion from Mexico and requested quarter eagles in return under the Mint's "Free Coinage" policy. Reich resigned from the Mint in 1817 in disgust over his stagnated wage of $50/month, so the duty of resurrecting the quarter eagle fell to Robert Scot.
Scot's Capped Head to Left sort was nothing greater than a slightly modified model of Reich's 1808 design. At age 77 and with failing eyesight, Scot was probably lower than the duty of originating a brand new design from scratch. Essentially the most noticeable distinction was a 1.5 mm (.059 inches) lower in diameter. The burden remained consistent, so the 1821 quarter eagle version was thicker than its predecessors. In 1829, the diameter was diminished by one other .3 mm. The Capped Head to Left was minted in small numbers nearly every year till 1834, however by no means gained a foothold in American society as a result of its gold content was worth more than its face worth, making it topic to exportation and melting.
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Frequently Asked Questions...
What is the value of a 1959 Mexican Veinte Pesos Coin..that say *15 gr oro puro*?
Its a mexican gold coin year 1959 and it say *15 gr oro puro*...
what is the value?
Answer:
You have 15 grams of gold,and a troy ounce is 31.1 grams.
Therefore, you have .4823 troy ounces of gold.
As I write this, gold is at $772.70 per troy ounce, which makes your coin worth $372.68.
The 1959 gold 20 peso Azteca was restruck for several years after 1959 without changing the date and has no collectible value beyond the value of the gold. Still, $372.68 is pretty good.
































































































