Owner Comments:
This is a very scarce coin, seven graded by NGC with just one finer than this one, and none graded at PCGS
Low mintage of just 36,000
This is one of the heavier gold coins struck by any country in 1916.
We have the 20 Centavo coin also, which is .45 fine silver. It would have taken 100 of those to equal one of these. But would the silver content have made it worth it to give up the gold coin in exchange?. Not even close. That would be 4.34 ounces of silver - about $100 USD in 2023 at $24 per ounce, compared to $688 for the gold in the 20 Peso coin at $1,950 per ounce in 2023.
Composition: Gold
Fineness: 0.9170
Weight: 11.9821g
AGW: 0.3533oz
Melt Value: $688 at $1,950 per T OZ AU
Diameter: 27mm
Obverse: Head left
Reverse: Plumed arms with supporters
This second example I have had is the same grade as the one it replaced, but that one had a smudge on it."
Mark