Mexico’s sovereign mint has issued the peso coin in 5 denominations; 2, 2.5, 5, 10, 20 and 50. Issuance of the 5 peso coin began in 1905 and continued intermittently through 1920. The Mexican Mint resumed minting the coin in 1955 and continued minting coins with that date until 1972. 89,000 coins were restruck between 2000 – 2009, again with a 1955 date. The large majority of coins in this denomination carry this date, even though the actual production date varied.
The 5 peso coin has a gross weight of 4.1666 grams with a gold purity of 90%. The actual gold weight is 0.1206 troy ounces.
The obverse of the coin featurs the bust of Miguel Hidalgo, a leader the movement for Mexico’s independence. He lived from 1763 to 1811 and lead an army of 90,000 poor farmers and other civilians against the Spanish army. He was betrayed, captured and executed. However, his movement carried on to eventual victory. Hidalgo’s image also struck on other denominations of the peso coin. The denomination – “Cinco Pesos” is displayed along with the coin’s date.
The reverse depicts an eagle perched upon on a cactus with a snake captured in its beak. The text ESTADOS UNIDOS MEXICANOS is printed in a semi-circle above the image.
The reverse of the 5 Mexican Peso gold coins features the well-known portrait of Don Miguel Hidalgo. He is engraved in a simple, left facing bust. Hidalgo is a legendary figure in Mexican history. The CINCO PESOS coin with his likeness will make a worthy and interesting addition to you gold holding – and you can do it without paying a high premium.
5 peso gold coins are among the lowest premium options for investing in fractional gold. The cost is considerably less than other coins of a similar size.