Inauguration of the Banco de México Building Medal (1927)

The Bank of Mexico was founded in 1925 during the government of Plutarco Elías Calles, as the sole central bank charged with issuing the national currency and ordering the financial system. It was one of the great institutions created by the post-revolution to rebuild the country's economy.

This 1927 gold medal commemorates the inauguration of its building, which took place in October of that year in an adapted property in the capital's center. The headquarters gave physical presence to the new and powerful monetary institution.

Its execution in gold reflects the importance of the event. It is a testament to the post-revolution's institutional effort to give Mexico a modern central bank, the cornerstone of the monetary stability the country needed after years of uncontrolled issuance during the Revolution.

The "Inauguración del Edificio del Banco de México" medal was struck in 1927. It is made of gold, measures 39.03 mm in diameter and weighs 45.98 grams.

Since it is a gold medal, its value has a floor: the precious-metal content (45.98 grams). Above that, what drives it up is condition, how short the issue was, and interest in the subject it commemorates (Inauguración del Edificio del Banco de México). A piece with no wear and its original case is worth considerably more than one that has been handled.

How to identify and value this medal

1. Confirm the metal. It is gold; weigh it to estimate its fine-metal content.
2. Read the legend and the motif. Commemorating "Inauguración del Edificio del Banco de México" defines its historical interest.
3. Check the condition. No scratches or aggressive cleaning, with natural patina.
4. Look for the case and the certificate if it ever had them: they add collector value.

Explore more pieces in the Mexican numismatics catalog and learn to read the marks in the guide on how to identify Mexican mints.