According to official data from the Bank of Mexico (Banxico)he Banorte bank It is one of the Mexican financial entities authorized for the purchase and sale of currencies in the national territory.
Under this understanding, recently one of the Mexican currencies that the Banorte bank buys and sells decreased in priceand we will immediately give you more details on this matter.
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According to the Metals table of the Banorte bank, the currency that has reduced its purchase price is the Centenario (50 pesos gold), which reached a purchase price of 42,300 pesos.
It is worth mentioning, in this sense, that Just a few days ago the purchase price of the Centenario (50 pesos gold) by the Banorte bank was 44 thousandfor which it suffered a reduction of 1,700 pesos in a few days.
For its part, if a person wants to buy the Centenario (50 pesos gold) from the Banorte bank, the piece has a price of 55 thousand pesos, that is, more than 10 thousand pesos more compared to the purchase cost.
Characteristics of the Centennial (50 gold pesos)
It should be noted, regarding this piece, that, according to official information from the Bank of Mexico (Banxico), the Centenario (50 pesos gold) that Banorte buys for 42 thousand pesos was minted in 1921 as a current coin to commemorate the first centenary of the Independence of Mexico. Later in 1931, its minting was suspended and it was not until 1943 that it was minted again due to the growing demand for gold coins that existed at that time.
On the other hand, as detailed by the Mexican central bank, the Centenario (50 pesos gold) on the obverse presents one of the national shields used in the past, and the reverse symbolizes a Winged Victory, represented in the monument of the Angel of Independence, along with a backdrop of the legendary Iztaccíhuatl and Popocatépetl volcanoes. This piece has a pure gold content of 1.20565 ounces and like all pieces in the Centennial family, has a purity of 0.900.
Updated coin prices
Finally, we leave you the table of purchase and sale prices of coins in Banorte bank updated as of May 2024:
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