Sunday, October 1, 2023

For this rare 20 cent coin they give 3 million pesos

For some it is a waste or something worthless, but for others it is old coins They are a true treasure because not only are they part of a country’s history, but they have also become a niche market for those who make their business selling these precious objects.

This is the case with the old currency of 20 Cent, which is known as “Phrygian cap” this piece was published by Bank of Mexico out of 1943 Therefore, it is now very attractive to collectors and numismatists since they can buy it for up to 3 million pesos, an amount that not everyone is willing to pay to have this object in their care.

As for the design of the coin, Banxico describes that on the front in the middle it bears the national shield in sculptural relief, with the legend “ESTADOS UNIDOS MEXICANOS”, it also forms the upper semicircle and on the back the Phrygian cap, the number “20”, the inscription “CENTAVOS “. “, composition consisting of the volcanoes Popocatépetl and Iztaccíhuatl and the Pyramid of the Sun in Teotihuacán, cactus, coin year and symbol of the Mexican mint “M°”, the frame is smooth with triangular graphics.

Data that makes the currency special

The date it was put into circulation was 1943, it has a diameter of 28.5 mm, its shape is circular, it weighs 10.0 grams, it has a smooth edge, its composition is 95% copper , the original face value is 20 centavos, but its current value is 0.0002 pesos, on the obverse it bears the phrase “UNITED STATES OF MEXICO” while on the reverse is the legend 20 centavos TEOTIHUACÁN.

It should be noted that this currency It is very difficult to find as it is among the oldest copies issued by the agency. In addition, they are no longer used for transactions and have been retired since 1992, meaning they are no longer used to make purchases.

“AA family metal coins entered circulation in the 1970s and 1980s. In 1992 they were retired. They are currently demonetized as they belong to the monetary unit in force until December 31, 1992; This means that they are no longer suitable for carrying out transactions due to a lack of liberating power. Its current value corresponds to the result of dividing the stated denomination by one thousand,” explains the Banco de México.

Nation World News Desk
Nation World News Desk
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