Monday, September 25, 2023

Because of this, a 20-peso coin is worth more than 200,000 pesos

The Bank of Mexico (Banxico) is the national institution that is the only one responsible for issuing banknotes and coins throughout the country. From time to time they make certain pieces of metal dedicated to a fact or historical person.

There is a C-Family coin commemorating the Mexican Army and an offer to purchase a copy has been launched through Mercado Libre, but the online sales site is asking for more than 200,000 pesos.

Therefore, no unique features or potential coining errors have been identified that would justify the high cost required. However, it is up to the numismatists and/or collectors of these pieces to decide whether the commemorative coin is really worth the amount of money you are requesting.

Characteristics of the 20 peso coin

The coin, which has caused a stir on social media due to its price online, was put into circulation on August 15, 2013, in honor of the 100th anniversary of the Mexican Army, but it is still believed that certain specimens may still be in circulation within the national borders.

It has a diameter of 32 millimeters, a circular shape, a weight of 15.95 grams, and an interrupted knurled edge. It is made of two alloys, one is made of copper and nickel and the second is made of bronze and aluminum.

Reverse features a set of a silhouetted profile bust of a helmeted soldier flanked by the dates 1913 and 2013; with the legends “100 Years Mexican Army” and “100 Years Loyalty”.

The commemorative coins of heroic deeds or historical figures make it possible to pass on to posterity the memory of events that have deeply and decisively shaped our social life, which is why 200,000 pesos can be a quite reasonable amount for a commemorative coin for many people. from 20 pesos.

World Nation News Desk
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