Mexico: Gold 2 Pesos 1919-1948


Quick Coinage Facts

Years Minted: 1919-20, 1944-48
Composition: 90% Gold, 10% Copper
Diameter: 13 mm
Weight: 1.666 grams (.0482 ounces of gold)
Total Series Mintage: 6,340,000 (approximate)
Obverse Design: National Arms
Reverse Design: Denomination


The 2 pesos gold coin was briefly issued from 1919 to 1920 and reissued from 1944 to 1948. The 2 peso gold coin was the smallest denomination gold coin issued for circulation by the United Mexican States and is one of the most affordable gold coins available to collectors.


The obverse design features the Mexican coat of arms, an eagle clutching a snake while it perches on a prickly pear cactus. On the outer periphery is the phrase “ESTADOS UNIDOS MEXICANOS” or as translated to english “United Mexican States”.

The reverse design features a wreath tied off with a bow at the bottom, the denomination “DOS PESOS” within and year of issue at the top. All coins were minted at the Mexico City Mint and display a “Mo” mint mark just below the bow.


Obverse Reverse
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General Market Notes

The key to the series should be the 1948 issues but none are known to exist, 1948 issues on the market today should be considered counterfeit. The 1948 issue aside, the key for the series is the 1920/10 over-date issue and even this is considered affordable among gold coins.

Additionally, according to Krause Publications, from 1951 to 1972 a total of 4,590,493 pieces were restuck with the date 1945[1].

1. Michael, Thomas, et al, eds. Collecting World Coins Circulating Issues 1901-Present. 12th Edition. Krause Publications Wisconsin, pp 609, 2008.
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