Currently, old bills and coins are sold for sky-high prices on internet platforms, where collectors and fans have made these pieces become sought after and can increase their value.
Sometimes they point out that these prices can generate an increase because the sellers of the platforms are not experts in numismatists, collectors, or connoisseurs of old coins and collectibles.
In the case of a copy that has the image of Jose maria morelos and pavonhero of the Independence of Mexico, priest and politician, which was minted with 30% silver, has been being offered between $200 and $800 pesos on various internet platforms such as Mercado Libre.
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How much is this coin really worth?
It is important to highlight that in the platform sales allow sellers to put the price on the copies they offer, however, it is important that you consult an expert before the purchase is made, in order not to lose your money.
According to numismatic experts, the real value of the coin is between 8 and 12 dollarswhich according to the current change is equivalent to at $164 and $246 Mexican pesos,
What are the characteristics of the currency of Morelos?
As we mentioned, this coin only had one 30% silver in its composition and hit the streets in 1950after the increase in silver prices, for which only 3 million 287 thousand units were minted.
The obverse presents the national coat of arms, with the legend United Mexican States forming an upper semicircle. While the reverse shows the three-quarter bust to the left of Jose maria morelos and pavon, to the right of the denomination expressed as “1 Peso”, the year of minting and the Mint of the Mint.
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If you have one of these specimens, it is important that you go to the experts or investigate where you can sell this piece for the value that collectors are willing to pay.
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