Mexico 2 Pesos Gold obverseObverse

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Mexico 2 Pesos Gold

Mexico

1905–1959

Reference data compiled from public catalogs

Estimated Melt Value

$235.08

Based on Gold spot price ($4,795.98/oz) · 90.0% purity · 1.694g

Updated 6:41 PM

Collector premium not included

Specifications

CountryMexico
Years Minted1905–1959
Composition0.900 gold
Weight1.694 g
Diameter15 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the Mexican coat of arms, depicting an eagle perched on a cactus devouring a snake.

Reverse

Displays the denomination '2 PESOS' along with the year of issue and decorative elements.

History & Notable Facts

The most intriguing fact about the 2 Pesos gold coin is that it was minted in .900 fine gold, making it one of the few circulating currencies that could be melted down for jewelry without much loss in value. This practicality helped it endure through Mexico's turbulent early 20th century.

Weighing just 1.694 grams, it featured a simple design: the Mexican eagle perched on a cactus, devouring a serpent, on one side, and the denomination with the mint year on the other. Struck at the Mexico City mint from 1905 onward, production continued sporadically until 1959, though exact years and quantities remain unclear due to incomplete records from the Revolution era.

As for the Porfirio Diaz period, these coins symbolized economic reforms that attracted foreign investment. But don't mistake them for relics of opulence; many ended up in pockets or vaults, not museums. A numismatist once quipped that handling one feels like holding a sliver of Diaz's promises—shiny, yet often unfulfilled.

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