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The 20th-century Mexican dos pesos is a small but one of the most significant and rare gold coins. Unlike other Mexican peso items of higher denominations, this option is for those who want to add them to their collection without heavy obligations.
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1945 Mexican Dos Pesos Gold Coin Overview
Obverse
Features the Mexican Coat of Arms, like on the 5 centavos – an eagle perched on a cactus devouring a snake. This symbol has remained largely unchanged in the series since 1919.
Reverse
Very simple and bold. It features the denomination inside a garland wreath, with the date at the top.
Period | 1919–1996 |
Value | 2 MXP |
Weight | 1.666 g |
Thickness | 1.05 mm |
Diameter | 13 mm |
Shape | Round |
The Item History
In 1919–1920, the government needed to stabilize the economy and replace the paper scrip issued by various revolutionary generals with trusted, intrinsic-value gold.
Struck at the Mexico City Mint (1535), the original 1919 and 1920 issues were meant for daily circulation. Because of their gem content, they were quickly hoarded, making the original 1919 strikes quite rare in high grades today.
After 1920, production of the item stopped for over two decades. Production resumed in 1944 through 1948 because of the global demand for bullion during and after World War II.
While the mint struck millions of these items in the late 1940s, the year 1945 became the standard date.
To meet the massive demand from global investors in the 1950s and 60s, the Mexican Mint struck nearly 4.6 million additional ones. Crucially, they decided to keep using the date for all of them. This is why this year is the date you will almost always find today.
1945 Dos Pesos Gold Coin Weight in Grams
The metal prices in early 2026 are experiencing significant volatility, trading near $5,040 per ounce. The raw metal inside the 1945 Mexico dos pesos gold coin is worth approximately $243.00. Expect to pay $295–$320 at a reputable dealer.
The premium (the cost above the metal price) is usually higher on these small dos pesos gold coin 1945 because they are popular and expensive to manufacture per gram.
"It is those coins dated 1945 that are most frequently offered with modest premiums over their bullion value and continue to represent an inexpensive means for most collectors to own a gold coin."
– Unnamed opinion piece “Overview”
PCGS
The Item Mystery
If you own a dos pesos dated this year, you almost certainly own a restrike.
Only 140,000 were minted in the actual year 1945. Between 1951 and 1972 (and again in the early 2000s), the Mexican Mint struck over 4.5 million additional items using the 1945 date.
How to tell the difference? Experts generally agree that it is nearly impossible to distinguish an original from a restrike because they used the same dies and metal. For this reason, most dealers sell all Mexican dos pesos gold coin 1945-dated one,s simply as restrikes.
Dos Pesos 1945 Gold Coin Value Today
The item has seen a 100% increase in the 1945 dos pesos gold coin value compared to just a few years ago. In the current 2026 economy, fractional gem (small ones) has become the most popular way for individuals to protect their savings.
Small ones always carry the highest premiums. For a dos pesos, you are currently paying a 15% to 25% premium because they are in high demand and easy to trade.
Type | Value | Details |
Melt Value | $237–$266 | The raw metal value |
Certified MS-67+ | $266–$1,000+ | Professional grading (PCGS/NGC) |
Is the 1945 Gold Dos Pesos Coin a Good Investment
In early 2026, the dos pesos is widely considered an excellent entry-level investment for gem stackers and beginners, but it serves a very specific purpose in a portfolio.
With gem prices hitting historic highs this year, the dos pesos is one of the few ways to own physical metal without spending thousands of dollars at once.
Comparison List: Pros
These items are international currency because they are recognizable by any item dealer in North America or Europe, and you can sell them almost instantly for cash.
Struck in .900 fine metal (mixed with copper), these items are much tougher than 24k bars. They don’t scratch easily, meaning they maintain their Brilliant Uncirculated (BU) value even with some handling.
Because most 1945 items are restrikes, you aren't paying for rarity or artistic value. You are paying for the Mexican dos pesos gold coin 1945, which makes it a pure bullion play.
Cons
High premiums are the biggest drawback. Because it is so small, the cost to mint and ship it is high relative to its weight. In 2026, you might pay a 15-20% premium over the gold price, whereas a 50-Peso Centenario might only have a 3-5% premium.
It is easy to lose, and some investors find it less satisfying to hold than larger items because it is incredibly small (13mm).
Collector Tips
Check the Sound and Diameter
Because they are 90% gold, these items have a high-pitched, long-lasting ring when gently tapped. Fake versions (made of brass or lead) will sound thuddy. The Diameter should be 13 millimeters.
Jewelry Use
Due to their size, these are the most common items used in 14k gold bezels for rings, earrings, pendants, and other gems.
Condition
Most 1945 items are found in Brilliant Uncirculated (BU) condition because they were never intended to sit in pockets, only for numismatists.
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