Las commemorative coins are sold on various Internet sites, such as Mercado Libre, where many users upload products such as 50 peso bills with axolotl, ancient coins, or as in this case, one of the 20 pesos sold for more than two million pesos for a simple reason.
Why do commemorative coins sell for high prices?
It all depends on the characteristics, but mainly the following factors:
- Because there are some design flaws.
- STAY in good condition.
- By having a unique design.
- Not active.
- Be one of the few pieces in circulation.
- By being celebration
The reason why the 20 pesos commemorative coin is sold for more than 2 million pesos
It is available on the Mercado Libre platform, Two million 500 thousand pesos are requested the issue from 2021, made of copper material, and for the Bicentennial of National Independence, its price factor according to the seller is because of the “three heads” and because of the hiding of the Angel of Liberty.
The three faces seen on the obverse are the emblematic figures of Vicente Guerrero, José María Morelos, and Miguel Hidalgo.
According to the Bank of Mexico, it has a dodecagonal shape with a weight of 12.67 grams, On the obverse the National Shield also stands with the legend of “United States of Mexico”, On the top edge you can read “Bicentennial of National Independence”, as well as the image of the Angel of Independence at the top with the word “Freedom”.
It is important to consider that this type of sale They can be used to scam various collectors, So do your research, verify the information, and analyze the seller’s reputation.
Now that you have more information about the 20 pesos commemorative coin which sold for more than two million pesos in Mercado Libre, how much would you pay for one of them?