Mexico 1959-M 10 pesos

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Goldberg sale 122, lot 1952
G119-1952r.jpg

This specimen was lot 1952 in Goldberg sale 122 (Los Angeles, June 2021), where it sold for $960. The catalog description[1] noted, "Mexico. 10 Pesos, 1959. Head of Hidalgo left. Brilliant Uncirculated." In 1917, in an attempt to restore confidence in the inflation-ravaged currency, the government issued this gold twenty pesos along with a gold ten and five pesos. In 1918, two and 2½ pesos pieces were added and in 1921 the fifty pesos. Altho the smaller coins circulated for a brief while, the larger coins were completely hoarded. The mint continues to restrike this type but sells them at their current bullion value.

Recorded mintage: unknown.

Specification: 8.33 g, 0.900 fine gold, 22.5 mm diameter. Weight 0.2411 ounce.

Catalog reference: Fr-166R; KM-473.

Source:

  • Amaya Guerra, Carlos Abel, Epitome Ilustrado de la Moneda Mexican Moderna, 1905 a 2015, Monterrey, Mexico, 2015.
  • Bailey, Don and Lois, Whitman Encyclopedia of Mexican Money, Volume 1, An Illustrated History of Mexican Coins and Currency, Atlanta: Whitman Publishing, 2014.
  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Utberg, Neil S., The Coins of Mexico, 1536-1963, San Antonio, TX, 1963.
  • [1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 122: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2021.

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