NGC Registry

Collection Manager >

Mexico 1988 Oil Industry Anniversary

Category:  World Coins
Owner:  Naked Angel
Last Modified:  7/31/2022
Set Description
This is a “mini” set of coins from 1988 that celebrated the anniversary of the nationalization of the oil industry in Mexico. The obverse features a monument called the Fuente de Petróleos, or Oil Monument, in Mexico City. Only 611 of the gold 500 pesos were minted, and it is incredibly rare. It took me years to find one at all, and it is thought that they were given to politicians, oil executives, and other dignitaries. The silver version has a mintage of 20,000 and was a commemorative coin. Even these are scarce, but I found a very nice example that just happens to be a top pop. The brass version was produced as a circulating coin, with a mintage of 50,000,000.


Slot Name
Origin/Country
Item Description
Full Grade
Owner Comments
Pics
View Coin Brass 5000 Pesos MEXICO - 1905 TO DATE 5000P 1988Mo NATIONAL. OIL INDUSTRY 50TH ANNIVERSARY NGC MS 66 I found this coin in a Mexico type set collection and had it submitted, and was pleasantly surprised when it came back MS66. There were 50,000,000 minted, and ironically nice examples are tough to come by because they were put into circulation.
View Coin Silver 50 Pesos MEXICO - 1905 TO DATE S50P 1988Mo National Oil Industry 50th Anniversary NGC MS 67 I had been looking for a nice example of this coin for a while, and finally found it. It just so happens that the one I finally found is the Top Pop. The mintage for this coin is 20,000
View Coin Gold 500 Pesos MEXICO - 1905 TO DATE .900 Gold G500P 1988Mo Mo OIL INDUSTRY ANNIVERSARY NGC MS 64 This coin was my unicorn for many years. This 500 peso gold coin celebrates the anniversary of the nationalization of the oil industry in Mexico, and they only minted 611 of them. A dealer found this coin for me and I had it graded at the FUN show in January of 2022, and it came back MS 64. It has some toning from copper coming through but I don't think it detracts from the coin. This coin makes only 4 graded by NGC.

To follow or send a message to this user,
please log in