18k Medal, Pedro Correa and Banxico Founder

This piece is a badge of the Bank of Mexico (Banxico) recognizing Pedro Correa as a founder of the institution, as the legend indicates. Mexico's central bank was born in 1925, and these badges honored people tied to its founding or its early history.

Banxico's internal recognitions, struck in fine metals, were given to personnel with distinguished careers or to figures linked to the bank's origins. They are pieces of an institutional nature, not for circulation.

Struck in 18-karat gold, it has no recorded year. Its value lies in the link to the founding history of the country's central bank and in the metal it was worked in, as well as its status as a tribute to a figure tied to the institution's beginnings.

This is not a coin or a circulating medal: it is a lapel badge in 18-karat gold, a personal insignia recognizing someone as a founder of the Banco de México. It is engraved with a proper name, which makes it a unique, named piece rather than a serial issue.

What it shows

The obverse is a brooch worked in gold. Across a rectangular plate runs the legend BANXICO FUNDADOR in blue enamel, framed by laurel and oak branches topped by a crown tied with a bow at the bottom. At the top you can make out the mark 18, the karat mark. The reverse is the plain, domed face of the insignia, with a name engraved by hand and the pin mechanism for fastening it to the lapel.

Context

The Banco de México was founded in 1925, and badges like this were usually given to people connected to an institution to recognize their role as founder or founding partner. Being engraved with a name, the piece belongs to a specific honoree and not to an open run.

Value and collecting

An insignia like this has no legal tender or face value: what matters is the 18k gold, the weight, and the condition, together with the interest it draws as an institutional commemorative object. In named, low-mintage pieces, provenance also matters. If you want to appraise it or find a buyer, check the shops directory and compare opinions in the forum.