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1898 Mexico 2 Pesos

Mexico

1898

Reference data compiled from public catalogs

Estimated Melt Value

$231.59

Based on Gold spot price ($4,827.33/oz) · 90.0% purity · 1.658g

Updated 4:21 AM

Collector premium not included

Specifications

CountryMexico
Years Minted1898
Composition0.900 gold
Weight1.658 g
Diameter15 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the Mexican coat of arms with an eagle perched on a cactus devouring a serpent.

Reverse

Displays the denomination '2 PESOS' and the year '1898'.

History & Notable Facts

The 1898 2 Pesos gold coin was minted to back Mexico's participation in the international gold standard, a move that helped stabilize trade amid global economic shifts.

Weighing 1.69 grams with 90% gold purity, it was struck at the Mexico City mint using techniques inherited from Spanish colonial practices. The obverse shows a eagle perched on a cactus, devouring a serpent, while the reverse bears the Mexican coat of arms. Records from that era are spotty; we know production numbers were modest, but exact figures burned up in the 1838 archive fire.

Edge reeding on these coins was meant to deter clipping, a common fraud back then. As for myths, I've heard tales of buried treasures, but that's just romantic nonsense—most ended up in ledgers, not legends.

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