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
| Country | Mexico |
| Years Minted | 1898 |
| Composition | 0.900 gold |
| Weight | 1.658 g |
| Diameter | 15 mm |
| Shape | Round |
| Edge | Reeded |
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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