50 Pesos 'Centenario' Independence - with denomination

Struck beginning in 1921 to mark the centennial of Mexican independence, the Centenario was designed as a prestige bullion piece from the outset — Mexico's answer to the British Sovereign and American Eagle as an internationally recognized gold coin. Production continued through 1931, then halted. The coins dated 1944–1947 are restrikes, produced to meet postwar demand from European and Latin American markets hungry for a trusted gold store of value.

The restrike years are the overwhelming majority of surviving examples. Distinguishing original issues from restrikes requires close examination of die characteristics, as the date alone is insufficient.