Although it is true that the banking market is what has made the Banorte bank One of the most prestigious companies in the Mexican national territory, this financial entity has other services, such as the purchase and sale of commemorative coins.
Under this understanding, one of the currencies that Banorte bank buys and sells at the highest price is the one known as Azteca (20 gold pesos), which, according to the Metals table of the financial institution, has a purchase price of 14 thousand Mexican pesos.
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Meanwhile, as determined in the aforementioned Metals table of the Banorte bank, the banking institution sells the Azteca (20 pesos gold) for 21,400 pesos, that is, more than 7 thousand pesos difference with the acquisition value.
According to the Metals table of the Banorte bank, according to the official website of the federal entity, the following are the Purchase prices of the different Mexican currencies that the institution accepts:
*Centenary (50 pesos gold): $47,000.00
*Aztec (20 pesos gold): $14,000.00
*Hidalgo (10 pesos gold): $7,000.00
*1/2 Hidalgo (5 pesos gold): $3,500.00
*1/4 Hidalgo (2.5 pesos gold): $1,750.00
*1/5 Hidalgo (2 pesos gold): $1,400.00
For their part, the following are the sale prices of the aforementioned commemorative coins in Banorte bank:
*Centenary (50 pesos gold): $56,000.00
*Aztec (20 pesos gold: $21,400.00
*Hidalgo (10 pesos gold): $10,700.00
*1/2 Hidalgo (5 pesos gold): $5,350.00
*1/4 Hidalgo (2.5 pesos gold): $2,675.00
*1/5 Hidalgo (2 pesos gold): $2,140.00
Authenticity characteristics
Meanwhile, according to the Bank of Mexico (Banxico), the following are the authenticity features of Mexican coins:
Touch test
When touching a coin, pay attention to:
+The assembly: in bimetallic coins, the assembly of the perimeter ring is practically perfect, so that to the touch no edge is perceived at its junction with the core or center of the coin.
+The singing. This can be smooth, fluted (series of parallel grooves in the thickness or edge of the coin), discontinuous fluted (combination of parallel grooves and smooth parts) or with a perimeter groove. If it has burrs or other irregularities, it may be a counterfeit coin.
+The texture: a coin must have a smooth texture. If it feels slippery or soapy, it could be a melted coin and, consequently, a counterfeit coin.
visual examination
At first glance you can see:
+The color: the color of a coin is characteristic and unique. This color is due to the fact that in the manufacture of the coin two or more metals are joined by casting (a process known as alloying). The color is fixed when the metals are melted and remains unchanged throughout the life of the coin. Mexican coins do not have any type of coating, nor do they have a metal sheet or overlay paint, therefore, they do not discolor.
+The shine: this is obtained during the minting of the coin and, like the color, is characteristic for each alloy.
+The smoothness; The parts of the coin that do not have engraving must be smooth, uniform and without porosities.
+Wear: coins, when used daily, suffer natural and irregular (uneven) wear. If a coin has regular or homogeneous (even) wear, or has a general lack of sharpness in the engraving, then it may be a counterfeit coin.
+Latent image: allows you to observe an image change when the coin moves to see it from different angles.
+Microtext: it is a very small text, so a magnifying lens is required to read it.
+The latent image and microtext are found on the 20 peso coins of the C1 family. The first coin of this family was the one commemorating the 500 years of the founding of the city and port of Veracruz, which was put into circulation on April 22, 2020.
Comparative exam
If you doubt the authenticity of a coin, you can compare its weight, diameter and thickness with another that you are sure is authentic. Any difference in weight, diameter or thickness may indicate that it is a counterfeit coin.
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