CASA DE MONEDA DE MEXICO

Steven · Expert Member

Pulled another from one of my stashes of stuff to try and find out something about it. I made a google search and only found a couple of hits. e-bay has one listing that says it is being listed as a fake and another is calling it pure silver????

Anyone know what the story is about this coin.

Thanks
Steven

Gabe · Senior Member

Dont know much about Mexican coins, but from reading the lettering on the coin, this is what I can come up with.

The coin appears to be a commemorative Mexican coin commemorating the Mexican Mint.

Casa de Monedas de Mexico= Mexican Mint
I think the obverse shows a hand press for minting coins.

Reverse says that the coin is 92.5% pure troy ounce of silver, and the coin weights 33.625 grams.

Hope this helps.

eagames · Expert Member

I think it's real.

I see it listed, It's called an "Onza Troy De Plata" (troy ounce of silver) It has several varieties and yours is the type 3 because the left scale pan points to U of UNA. Type 4 points between U-N and type 1-2 seem to only exist for 1978 if I'm interpreting the book correctly. It's worth $6.75 in unc in my 2000 book.

A lot of Mexican bullion coins do state the purity and gram weight on the coins like the modern gold coins they sell.

Like Gabe said it's not a normal circulating coin.. you would not want to spend it as a peso. It's a bullion issue.

Steven · Expert Member

Thanks for the info Gabe & Ed that helps.
Steven

Robert · Senior Member

Ed and Gabe are right. My understanding is that these are bullion pieces and were made partly to show off the abilities of the Mexican mint/engravers and partly to sell off some silver bullion.

They made a smilar one in 1949 and they have made several other types of silver bullion coins since then.

http://www.24carat.co.uk/mexicolibertadsilveroneouncecoinsframe.html

Steven · Expert Member

So then it is an advertisment piece if I understand correctly.

eagames · Expert Member

Like the US silver or gold eagle bullion pieces you can buy today.

They have a denomination like a modern US gold coin but the bullion value exceeds that by a lot. That's why you would not spend it as a peso.

Those were like a pre libertad bullion piece. There was some overlap but around the time these stopped the libertads started.

Dick · Expert Member

ED, here is a couple photos of the same, and another. Both one ounce troy. One 1979, other 1986. I'm not real sure, but I think the Casa de Moneda is the 400th anniversary commorative. It is the oldest minting facility in the New World.

Dick