The Centenario 50 Pesos Gold Coin was first minted in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain. Its relatively low premium over the gold spot price makes it an attractive option for those looking to invest in gold.
Prior to the Great Depression, gold coins were the normal and natural form of money and in common circulation throughout the world.
Gold coins can bring unique diversity to an existing investment portfolio, while expanding on an interest in numismatics or history. Beyond potential financial gains, the process of collecting, studying, and preserving historical coins can morph into a numismatic hobby.
While all gold coins carry value due to their metal content, vintage coins can also have numismatic value. The numismatic value depends on collector demand, rarity, historical significance, condition, other attributes.
The importance of having a stable, trusted and reliable store of value has never been more critical than it is today. Gold ownership is transferring some of your hard-earned fiat currency into a physical asset.
On April 5, 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed the private ownership of gold by citizens.
For a duration lasting 41 years in the mid-20th century, the government made it a crime for the people to own, hold or transact in sound money.
Following the resignation of Nixon, one of the first laws signed by President Ford included a bill which reversed Roosevelt’s Executive Orders.
It has been legal for anyone to own, hoard, buy and sell gold in the United States since December 1, 1974.