Bank of Mexico's 20-Peso Commemorative Coins Are Being Sold for up to $8,000

By Joshua Summers First Posted: May 18, 2022 09:55 AM EDT

The Bank of Mexico has issued various commemorative 20-peso coins, which can be collected or sold above their original value.

According to Milenio, among the commemorative 20-peso coins released by the Bank of Mexico were the "700 years of the lunar foundation of Mexico City-Tenochtitlan," the "500 years of historical memory of Mexico-Tenochtitlan," and the nation's bicentennial of independence.

The three coins have a dodecagonal shape or with 12 sides, like most coins corresponding to the C1 family, and have an approximate weight of 12.67 grams each.

Bank of Mexico Releases a Trio of 20-Peso Commemorative Coins

According to Coin World, the Bank of Mexico released the three 20-peso commemorative coins last September 27. These coins have a copper-nickel-zinc center of 5.51 grams and a bronze-aluminum ring of 7.16 grams.

Milenio reported that some people offer these coins for up to 165,000 pesos (US$8,200) on online shopping websites, such as the Mercado Libre.

Not only can you buy or sell these coins online, but there are also specialized stores in Mexico City where you can buy or sell these coins or other older ones. To know more about these 20-peso commemorative coins, here are some details about them.

700 Years of Tenochtitlan Coin

According to the Bank of Mexico, one of these coins marks the 700 years of the lunar foundation of the Aztec city of Tenochtitlan in Mexico City.

In the center, the coin features an eagle from the "Teocalli de la Guerra Sagrada," or Teocalli of the Sacred War. The right side of the coin had the glyph of the moon, and its border had words that read "700 years of the lunar foundation of Mexico City-Tenochtitlan."

The coin is reportedly being offered for up to 165,000 pesos (US$8,200).

500 Years of Historical Memory of Mexico-Tenochtitlan Coin

According to the Bank of Mexico, the "500 years of historical memory of Mexico-Tenochtitlan" coin marks the 1521 Spanish conquest and eventual destruction of the Templo Mayor complex.

It features the reflections of Tenochtitlan's main temple complex, the Templo Mayor, and the Metropolitan Cathedral. A micro text translating to "cultural fashion" and dual dates 2021 and 1521 also appeared in the coin. This coin is sold at different prices, but its highest price reportedly reached 27,000 pesos (US$1,300).

Bicentennial of National Independence Coin

This coin marking the bicentennial of Mexico's Independence features three well-known Mexican statesmen, namely Miguel Hidalgo, Jose Maria Morelos, and Vicente Guerrero.

These statemen might be familiar to collectors of Mexican coins since they also appeared on several other coins over the past 100-plus years.

At the top of the coin, the Angel of Independence appears, and the micro text "Libertad" can be seen on the left. This coin can reportedly be sold for up to 74,000 pesos (US$3,700) on Mercado Libre.

Mexico's Gold Coins Worth 5K Euros Found in Prayer Book

The three 20-peso coins released by the Bank of Mexico are not the only pricey ones up in the market. According to Irish Times, Kenny's in Galway, Ireland discovered two solid gold coins kept inside a Catholic prayer book from a diocesan library last Thursday.

The gold coins from Mexico both have 50 pesos on one side and the dates 1821-1947. The year 1821 was the date of Mexican independence from Spain.

The other side of the coins showed the emblem of the Mexican state. Both coins weigh around 37.5 grams each. A similar coin was given by a Mexican ambassador to Queen Elizabeth II in London in 1962.

The Mexican coins are reportedly priced at 5,000 euros (US$5,200) in total if they went to auction as they were selling for around 2,300 euros (US$2,400) and higher each at present.

This article is owned by Latin Post.

Written by: Joshua Summers

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