Mexico issues 1 kg commemorative gold coin

By Indo Asian News Service | IANS India Private Limited – Tue 18 Sep, 2012

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Mexico City, Sep 18 (IANS/EFE) Mexico' central bank Monday brought into circulation the country's first 1 kg gold commemorative coin.

The Banco de Mexico announced in a communique that the coin has a nominal value of 200 pesos ($15.65) but did not say what its sales price will be, although bank officials said that the price will be regulated in accord with the international price of gold.

Gold was trading Monday in a range of $23,585 per kg for 10K purity to $56,559 for 24K.

The coin has a diameter of 90 mm and around its edge the inscription "Independencia y Libertad" (Independence and Liberty) is engraved. The front of the coin bears the national coat of arms in relief in the center surrounded in a semi-circle with the words "Estados Unidos Mexicanos" (United States of Mexico).

The "Bicentennial" coin will be issued in limited numbers and will go on sale to the public through financial institutions.

--IANS/EFE

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