The Mexican Mint produced the Hidalgo Gold Peso in the denominations of 10 Peso, 5 Peso (1/2 Hidalgo), 2.5 Peso (1/4 Hidalgo) and 2 Peso (1/5 Hidalgo). Mexican Hidalgo Gold Pesos are composed of 90% gold and 10% copper. They are generally available for very low premiums and their relatively small sizes make them suitable for more moderate investments.
The obverse side of the 3 largest Hidalgo Gold Pesos (10 Peso, 5 Peso and 2.5 Peso) bears the image of the pastor Don Miguel Hidalgo y Costilla, the Mexican "Father of the Nation" who started the revolution that escalated to the War of Independence on the 16th of September 1810. Hidalgo died as a martyr in front of an execution squad shortly after the revolution began. The 10 Peso ("Diez Pesos") and 5 Peso (“Cinco Pesos”) coins have the denomination, year of mintage and mint mark engraved along the coin's edge, but the 2.5 Peso ("Dos Y Medio Pesos") coin doesn't contain a mint mark.
The design of the obverse side of the 2 Peso Hidalgo coin is different in that it only depicts a harvest wreath along with the coin’s denomination (“Dos Pesos”), the year of mintage on top and the mint mark of the mint in Mexico City at the bottom.
The Mexican Coat of Arms is depicted on the reverse side of the coins. It shows an eagle perched upon a cactus holding a serpent in its powerful beak and talons. “Estados Unidos Mexicanos” is inscribed above the eagle image.
The edge of the 10 and 5 Peso Hidalgo gold coins is lettered with the words INDEPENDENCIA Y LIBERTAD (Independence and Freedom).
|Gold Weight||Face Value||Diameter x Thickness|
|0.2411 oz||10 Peso||22.5 x 1.4 mm|
|0.1205 oz||5 Peso||19 x 1.14 mm|
|0.0603 oz||2.5 Peso||15.5 x 0.86 mm|
|0.0482 oz||2 Peso||13 x 1.02 mm|
|10 Peso||1905 - 1908, 1910, 1916 - 1917,
1919 - 1920, 1959
|5 Peso||1905 - 1907, 1910, 1918 - 1920, 1955|
|2.5 Peso||1918 - 1920, 1944 - 1948|
|2 Peso||1919 - 1920, 1944 - 1948|
Mexico carried out a monetary reform in 1905 that resulted in the introduction of many new coins in the years that followed. The 10 and 5 Peso Gold Hidalgo coins were already introduced in 1905. The 2.5 and 2 Peso Gold Hidalgo coins followed much later in 1918 and 1919.
More than 8,2 million 10 Peso Gold Hidalgo coins were minted between 1905 and 1959. Annual mintage numbers varied from only 12,000 coins in 1920 to almost 3 million pieces in 1906.
More than 9,3 million 5 Peso Gold Hidalgo coins were minted between 1905 and 1955. The lowest mintage year was 1905 with 18,000 pieces which was followed by the highest mintage year in 1906 when more than 4,6 million coins were minted.
More than 3,7 million 2.5 Peso Gold Hidalgo coins were minted between 1918 and 1948. Only 20,000 pieces were struck in 1944 and only 24,000 in 1947. The highest mintage year was 1918 with more than 1,7 million coins.
More than 6,3 million 2 Peso Gold Hidalgo coins were minted between 1919 and 1948. Only 10.000 pieces were minted in 1944 whereas close to 4,3 million coins had been minted in 1920. The fate of the 45.000 coins that were supposedly minted in 1948 is unknown since none are known to exist. Any 1948 issues that are available on the market can be presumed to be counterfeit.
Click here to see a table with detailed mintage numbers.
All 4 Mexican Hidalgo Gold coins were heavily restruck. The 10 Peso coin had 954.983 pieces restruck between 1961 and 1972. These restrikes bear the date 1959 which makes it very hard to impossible to distinguish them from the original 1959 coins. "Matte" restrikes of the 10 Hidalgo Gold Peso were issued in 1996.
The 5 Peso (1.767.645 restrikes), 2.5 Peso (5.025.087 restrikes) and 2 Peso Hidalgo Gold coins (4.590.493 restrikes) were all restruck between 1951 and 1972. The 5 Peso restrikes bear the date 1955 but both the 2.5 Peso and 2 Peso restrikes bear the date 1945. Additionally, 89,000 matte restrikes of the 5 Peso coin were made between 2000 and 2009.