1946 Gold 50 peso under spot at only $ 2400

Discussion in 'Australia & New Zealand (Public)' started by serial, May 31, 2021.

  1. serial

    serial Well-Known Member Silver Stacker

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    Now before you flood my thread with buzz!'s i need to fully inform you of this great deal. As you may know a 1946 50 peso is a big 41 gram 22 ct gold coin with 1.2057 oz agw worth almost $3k!
    well why is mine so cheap? well despite looking good, weighing the correct amount, measuring up diameter and thickness this coin has xrf'd at 18.5ct gold. Go figure either this is the best copy i have ever handled or the mexico mint pushed out some under carat gold in the 40's
    as usual price is plus postage at buyers cost/risk/choice
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  2. dragafem

    dragafem Well-Known Member Silver Stacker

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    I thought these are 37.5 grams so it would be definitely a copy or else.

    1946 Mexico 50 Pesos Gold Coin is made from 0.900 fine gold with a weight of 1.2057 troy oz.
    ...
    1946 Mexico 50 Pesos Gold Coin AU/BU.
    Year 1946
    Denomination 50 Pesos
    Actual Weight 1.2057 troy oz
    Gross Weight 37.5 grams
    Diameter 37.1 mm
     
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  3. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Jewellers copy maybe?
     
  4. serial

    serial Well-Known Member Silver Stacker

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    i dunno silver soul, if it is it is a good one

    37.5 grams is agw, its proper weight is below
    Composition: Gold

    Fineness: 0.9000

    Weight: 41.6666g

    AGW: 1.2057oz

    Melt Value: $2,299.22 (5/31/2021)

    Diameter: 37mm
     
  5. serial

    serial Well-Known Member Silver Stacker

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  6. aussiesilver

    aussiesilver Well-Known Member Silver Stacker

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    No these coins are 41.1 grams, the weight of 37.5 refers to the actual gold content weight (ORO PURO) pure gold
    Still no reason why it would scan as 18K
    I still calculate the gold content of 18kt at 41.1 grams having a melt value of $2440
     
  7. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Pity, not the real deal, as I rate these coins together with the $20 St. Gaudens as two of the most majestic I have owned over the years.

    The colour of the coin definitely would raise my suspicions without even having to do a scan.
     
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  8. serial

    serial Well-Known Member Silver Stacker

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    it was tested on both a pmv and xrf, its got me stumped as i have thrown a ruler over it and it is exactly on the nose for the issue, the strike looks perfect and i have handled several of these before
    never had one come up under carat as every gold coin i handle gets tested
     
  9. serial

    serial Well-Known Member Silver Stacker

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    its actually 18.5kt which is $2507, not that i am cutting hairs
    colour is good as well, i have had to take a picture in overcast conditions as weather has been average here
     
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  10. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Sorry to be curious but just to confirm... is it in correct (medal) alignment, too?

    That's a really baffling coin... the lettering on the rim looks perfectly good to me.
     
  11. serial

    serial Well-Known Member Silver Stacker

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    no, it is coin alignment, not sure where you got medal alignment from?
     
  12. serial

    serial Well-Known Member Silver Stacker

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  13. serial

    serial Well-Known Member Silver Stacker

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    And it's gone
     
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  14. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Sorry my bad communications, was looking at the photos in your posts and wasn't sure if it was a "british turnover".
     
  15. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    You were kind of right @jultorsk, I consider these 1940s restrikes more as medallic collector issues rather than true coins.

    When I was collecting these 50 pesos coins I stuck to the 1920s issues only as I knew that they were true circulation strikes
    and not boring restrikes.

    I had quite a nice collection in Unc grades, and then when gold hit $2k I had a brain fart and sold them all.:eek:
     
    Last edited: May 31, 2021
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