Peñoles Medal

This commercial medal belongs to Peñoles, that is, Industrias Peñoles, one of the largest mining and metallurgical companies in Mexico, with a long history in the production of silver, gold, and other metals. Peñoles is, in fact, one of the world's leading silver producers.

Companies of this scale commission commemorative medals for anniversaries, awards, or institutional events, often struck in the very silver they produce. The piece reflects the weight of mining in the Mexican economy.

Cataloged by Grove among the commercial issues and struck in silver, it has no recorded year. Its value lies in the connection with an emblematic company of the national mining industry and in the fine-metal content, very fitting given one of the country's great silver producers.

The "Peñoles" medal is part of the Mexican numismatic heritage. It is made of silver, measures 33.5 mm in diameter and weighs 31.77 grams.

Being a silver medal, its value has a floor: the precious-metal content (31.77 grams). Above that, what drives it up is preservation, the short size of the issue, and interest in the theme it commemorates (Peñoles). A piece with no wear and with its original case is worth considerably more than a handled one.

How to identify and value this medal

1. Confirm the metal. It is silver; weigh it to estimate its fine metal content.
2. Read the legend and the motif. It commemorates "Peñoles," which defines its historical interest.
3. Check the preservation. No scratches or aggressive cleaning, with natural patina.
4. Look for the case and the certificate if it 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.