Live auction - fwo_550570 - MEXICO - REPUBLIC 50 Pesos or 1929 Mexico
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All winning bids are subject to a 18% buyer’s fee.
| Estimate : | 2 100 € |
| Price : | 1 950 € |
| Maximum bid : | 2 364 € |
| End of the sale : | 10 March 2020 19:47:49 |
| bidders : | 2 bidders |
Type : 50 Pesos or
Date: 1929
Mint name / Town : Mexico
Quantity minted : 458000
Metal : gold
Millesimal fineness : 900 ‰
Diameter : 37 mm
Orientation dies : 6 h.
Weight : 41,81 g.
Edge : inscrite en creux
Catalogue references :
Obverse
Obverse legend : ESTADOS UNIDOS MEXICANOS.
Obverse description : Aigle debout à gauche sur un cactus, lui-même poussant sur une pierre, et terrassant un serpent au-dessus d’un lac bordé par deux branches composites ; dans le champ le millésime.
Obverse translation : (États-Unis du Mexique).
Reverse
Reverse legend : 50 PESOS / 1821 - 1929 / 37.5 GR..
Reverse description : victoire ailée.
Reverse translation : ( 37,55 grammes d'or pur).
Historical background
MEXICO - REPUBLIC
(since 1911)
The Mexican Constitution was voted in 1917. The Revolution with the opposition of the revolutionaries Pancho Villa, Emiliano Zapata, Huerta and Carranza did not end until 1923. The reform policy lasted until 1940, the year Trotsky was assassinated in Mexico. Industrialization develops strongly from 1945 and around 1970, Mexico is part of the leading group of developing countries. In the 1980s, the economy suffered and several deflations were carried out. In 1992, Mexico signed the North American Free Trade Agreement (NAFTA) with Canada and the United States, which entered into force in 1994..
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