Expert: Brad Swain - 2/18/2010

Question
I have 50 pesos 37.5gr of pure gold dated 1821-1947.  It is in good condition,clean and shine, like a brand new. I would like to know the actual value for this coin.

Also I have many coins of 1849 no L, and 1852(O)- Closed Wreath.  Could you please give me an idea the value for collectionist?  Excellent condition, clean & bright, brand new. Never were used.

Answer
Hi Libby, There were about 4 million of these Mexican 50 Pesos coins dated 1947 minted 1949-72. This coin should weigh 41.6666 grams and would contain 1.2056 of an ounce of gold.
It may be worth about 3% over its gold value.
Current gold and silver values: http://www.kitco.com/market/ .
Collector value of a coin depends on denomination (face value), date, mint mark (if any), number minted and condition of a coin, including amount of wear, any dents, scratches or cleaning as well as collector demand for it.
I have no idea if those 1849 and 1852 coins are cents, dollars or something else.
U.S. coin prices for professionally graded coins: http://www.pcgs.com/prices/
and ungraded coins: http://www.bestcoin.com/united-states-coin-pricing-guide.htm .
Ungraded coins (raw) are worth less depending on amount of wear and collector demand.
You might also try a library for a copy of the Guidebook of United States Coins for pictures, values and lots more interesting info.
Brad