Mexican Hidalgos

historic gold coin icon Mexico flag icon Mexican Gold Hidalgos - minted in four denominations

The Mexican Mint produced the Mexican Gold Hidalgos in the denominations of 10 Peso, 5 Peso (1/2 Hidalgo), 2.5 Peso (1/4 Hidalgo) and 2 Peso (1/5 Hidalgo). The Mexican Hidalgo gold coins 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.

With the exception of the smallest 2 Peso version, the Mexican Hidalgos show the portrait of the pastor Don Miguel Hidalgo y Costilla on their obverse side. The 2 Peso coin displays a harvest wreath instead. Mexico's official coat of arms can be seen on the reverse. It shows an eagle perched on top of a cactus holding a snake. This image appears on other Mexican gold coins as well, for example on the much larger Mexican Gold Centenarios.

obverse side of the 1959 10 Peso Mexican Gold Hidalgo coin
reverse side of the 1959 10 Peso Mexican Gold Hidalgo coin
obverse side of the 1944 2 Peso Mexican Gold Hidalgo coin

Coin Fact Sheet

Weight Face Value Purity Diameter
0.2411 oz 10 Peso 90% 22.5 x 1.4 mm

Total Mintage: 8,239,000

Weight Face Value Purity Diameter
0.1205 oz 5 Peso 90% 19 x 1.14 mm

Total Mintage: 9,392,000

Weight Face Value Purity Diameter
0.0603 oz 2.5 Peso 90% 15.5 x 0.86 mm

Total Mintage: 3,745,000

Weight Face Value Purity Diameter
0.0482 oz 2 Peso 90% 13 x 1.02 mm

Total Mintage: 6,350,000

Design

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 M 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).

History

Mexico carried out a monetary reform in 1905 that resulted in the introduction of many new coins by the Mexican Mint 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.

Restrikes of the Hidalgo coins

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.

Mintages

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.

obverse side of the 2009 issue of the brilliant uncirculated 1 oz Mexican Gold Libertad coin
reverse side of the 2009 issue of the brilliant uncirculated 1 oz Mexican Gold Libertad coin

Mexican Gold Libertads

The Mexican Gold Libertad coins are struck out of 99.9% pure gold since 1981. Their design that depicts the Angel of Independence is inspired by the historic 50 Peso Gold Centenario coins. The Mexican Gold Libertads are minted by the Casa de Moneda de México, the oldest mint in North America, in the denominations of 1 oz, 1/2 oz, 1/4 oz, 1/10 oz and 1/20 oz. Both brilliant uncirculated and proof coins are available. The coins don't have an official face value and their annual mintage numbers are much lower than those of other gold bullion coins. Despite that, the coins have legal tender status in Mexico.

The Mexican Gold Libertad page gives more information about the coins and allows you to compare current prices.