Mexico 1988 50 pesos KM-532
This specimen was lot 73630 in Stack's Bowers Collectors Choice Online Auction (Costa Mesa, CA, October 2024), where it sold for $105. The catalog description[1] noted, "MEXICO. 50 Pesos, 1988. Mexico City Mint. PCGS MS-67. KM-532. Nationalization of Oil Industry - 50th Anniversary. Satiny overall with an energetic cartwheel luster."The mint issued several commemoratives for the fiftieth anniversary of the nationalization of the oil industry but the 5,000 pesos was the only one that circulated, being made from copper-nickel. Standard Oil screamed when President Cardenas seized its properties in 1938 and threatened to send in the U.S. Marines. When President Roosevelt refused to go along with Standard Oil's protests, Mexican sovereignty was finally affirmed.
Recorded mintage: 20,000.
Specification: 15.55 g, 0.999 fine silver, 32 mm diameter, reeded edge.
Catalog reference: KM-532.
- 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.
- [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, October 2024 World Collectors Choice Online Auction, featuring the S.P. Rutherford Collection, Costa Mesa, CA: Stack's Bowers Galleries, Inc., 2024.
Link to:
- 1987 50 pesos, Benito Juarez
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- 1988 1,000 pesos, 1 oz gold, 50th anniversary of the nationalization of oil industry
- 1988 5000 pesos, copper-nickel, 50th anniversary of the nationalization of oil industry
- 1988 Libertad
- 1990 50 pesos, Benito Juarez
- Coins and currency dated 1988
- return to Mexican coinage of the modern era, since 1905