Produced by the Mexico City Mint beginning in 1921, the Mexican Gold Peso is a popular coin among investors and collectors due to its high gold content, limited supply, and relatively low demand. This material may not be published, broadcast, rewritten, : 201217896Z Mexican Gold Libertad: Issued by the Western Hemisphere’s oldest operating mint, the Mexican Gold Libertad coin debuted in 1981 but was not regularly struck until 1991. Without seeing the “Terms and Conditions" of these “unassigned gold" contracts with the Bank of England, its hard to say how exactly the “unassigned gold" is backed up, and to what extent it’s backed up. The above is significant, since the ingot would have been cast between 1519 and 1520 AD.”. Chapter 9, Treasure Bars from the 1715 Plate Fleet: 10 pp., and 18 figures. The latter Banixco gold bar list file can be downloaded here. This first list can be seen here, but it’s not really that important, because a few weeks later, Banixco agreed to provide Barba with a second, much more comprehensive list. For example, according to the Bank of England archives, most of the gold held by the  International Monetary Fund (IMF) at the Bank of England was (as of the late 1970s) in the form of Rand Refinery gold bars. Mr. Bailey later dropped the matter. Second up is AGR Joint Venture, which is now technically part of the Perth Mint, with the Bank of Mexico holding 1519 of these bars. Gold Reserves in Mexico decreased to 119.94 Tonnes in the third quarter of 2020 from 120.01 Tonnes in the second quarter of 2020. Wholesale gold bars are also known as London Good Delivery gold bars or variable weight gold bars, and each weighs in the region of 400 troy ounces ( ~ 12.5 kilos). See World Gold Council quarterly changes of central bank gold holdings for the underlying data. ", “Assigned accounts are those that are owned on specific ingots with serial numbers, and segregated from the rest.“. Legal Statement. Royal Mint (Perth) bars are extremely old and have not been produced under this name for a very long time. This material may not be published, broadcast, rewritten, or redistributed. As of February 2017, Mexico held about 120.7 tonnes of gold in its official gold reserves, which puts the country at the tail-end of the world’s Top 30 official/country gold holders. This was the first information from Banixco that specifically addressed the number of gold bars held by the Mexican central bank at the Bank of England. On an individual Brand Code basis, the below table shows these refinery brand names, and the number of gold bars of each brand name that show up on Mexico’s gold bar weight list. See reviews, photos, directions, phone numbers and more for the best Gold, Silver & Platinum Buyers & Dealers in Webster, NY. Truth Coin Series. The usage of cookies and the collection of customer information by BullionStar is guided by our, “Serial Number" (which is an internal Bank of England sequence number), Gross Weight (troy ounces to 2 decimal places), Fine Weight (troy ounces to 3 decimal places). But in 1977, the Army agreed to allow some searchers with … LBMA Good Delivery records don’t even specify when Royal Mint (Perth) bars ceased to be produced. While this extrapolation might be flawed, it does suggest that there are certain refinery bars brands that are more common than others within the Bank of England vault network. Without seeing the purchase invoices of the Mexican gold transactions, it’s hard to say what the initial purchase transactions referred to. Since then, the coins have featured with .999 pure gold … The bar was discovered by a construction worker in 1981 on the route Cortés was believed to have taken. The start of the list looks as per the below screenshot: Banixco gold bar list – List of wholesale gold bars held by the Bank of Mexico in the Bank of England gold vaults in London. Gold bars, or ingots as some call them, are a great way to buy and invest without the high premiums. See here for details of AGR’s history. One example is Johnson Matthey, which on the Banixco list is listed as 4 separate entities, namely Johnson Matthey Salt Lake City USA, Johnson Matthey and Co Ltd [GB], Johnson Matthey & Mallory Ltd. Toronto,  and Johnson Matthey Hong Kong Ltd. Another example is Metalor, which is present on the Banixco list in 3 guises, namely Metalor Hong Kong, Metalor USA, and Metalor Technologies SA (Switzerland). bars and a silver bar, which the authors present in detail, suggesting Santa Fé de Bogotá as the mint of origin. This new list is one of the very few detailed central bank gold bars lists (weight lists) which exists in the public domain, and it could be useful for a number of purposes (see below). Grouping refiner names where appropriate such as all Johnson Matthey names and all Perth Mint related names, results in a slightly different ranking, with Perth Mint taking pole position with 1892 bars held by Banixco, and with Rand Refinery and Johnson matthey in exact joint second place with 1736 bars a piece in the Mexican holdings. After Mexico made these sizeable gold purchases in early 2011, Guillermo Barba submitted various FOIAs to the Mexican central bank about the country’s newly acquired gold stash. The last Johnson Matthey bars produced in England were in 2005. There are 24 ‘Brand Codes’ listed on the Mexico’s gold bar list, including such refiners as South Africa’s Rand Refinery, Australia’s Perth Mint, Switzerland’s Valcambi, Argor-Heraeus and Metalor, the Royal Canadian Mint, Germany’s Heraeus, Johnson Matthey, the US Assay Office, the State Refinery (Moscow), the Central Bank of the Philippines Gold Refinery, and N.M. Rothschild. Therefore, for each gold ingot held in a foreign domiciled allocated gold account, Bank of Mexico is in possession of the bar serial numbers. Overall, the 7265 gold bars weigh 2,919,911.55 troy ounces and contain a total of 2,912,000 fine troy ounces of gold.The list provided by Banixco is sorted by ‘Brand Code’ which is an 8-digit Bank of England database table field that consists of refiner code (digits 1-4), refiner location (digits 5-6) and sequence number (digits 7-8). Barba’s article addressing his questions in 2011 and Banixco’s responses, which was published in September 2011, can be read here. By using our website, you accept that cookies are used. Other Gold. Gold Reserves in Mexico averaged 59.33 Tonnes from 2000 until 2020, reaching an all time high of 125.34 Tonnes in the second quarter of 2012 and a record low of 2.54 Tonnes in the second quarter of 2008. Together with the Rand refinery bars, these two brands makeup 45% of Banixco’s total holdings. Mexico’s list is an inventory of wholesale market gold bars that Banixco owns and stores in custody at the Bank of England vaults in London. Cast rounds and bars are made by pouring molten gold into a form. The other alternative is that the Bank of England is selling its central bank customers a gold account service where, for example,  Central Bank A pays dollar cash upfront for 100 tonnes of gold, and the Bank of England signs a piece of paper saying “We the Bank of England have a liability to Central Bank A for 100 tonnes of gold“, but that gold is not necessarily in the Bank of England vaults or anywhere else. The gold bar has been identified as a long-lost Aztec treasure that was stolen by Spanish conquistadors nearly 500 years ago. One of the reasons for highlighting this, is that it could be useful for extrapolating the frequency of gold bar brands that might be held across gold accounts generally at the Bank of England. Mutual Fund and ETF data provided by Refinitiv Lipper. Venezuela says adiós to her gold reserves, US Gold Reserves, Of Immense Interest to Russia and China. Cash For Gold in Webster on YP.com. ", [the gold is stored in] “the city of London, England, where more than 99% of the  gold which the Bank of Mexico maintains outside the country is presently under custody…”. In the contemporary parlance of the gold … Which brings us to some critical points. Historically, the Bank of England only ever offered earmarked gold accounts to its central bank customers, and on a few occasions in the 1950s and 1970s it actually pushed back on plans to offer customers fine gold ounce balance accounts (and got legal advice on this), because the Bank did not want to go down the road of ending up with one pool of gold backing multiple central bank customer accounts, as this went against the concept of custody of assets and title to specific gold, and furthermore the Bank was afraid of the legal implications of central banks depositing specific bars but getting back different bars which might not be of the same quality etc. Quotes displayed in real-time or delayed by at least 15 minutes. The Bank of England did not just go and transfer newly refined gold bars into the Banixco account. 1 oz Gold Bars. On June 30, 1520, Spanish conquistador Hernán Cortés and his group were attacked by the rebelling Aztecs, with Cortés ultimately stealing a trove of Aztec treasures, escaping Tenochtitlán (now Mexico City) with his life. Mexican Gold 50 Pesos - The Mexico Peso Gold Coin is popular and one of the most wanted gold coins in the world today. Gram Bars. The Bank of England just has to be able to allocated the claim to real physical gold bars if Central Bank A ever decides that its 100 tonne gold asset be converted to allocated gold bars. AGR Joint Venture bars were only produced until 2003. Bars are rectangular slabs of .999 pure gold and are produced in sizes ranging from 1 oz. Buy & Store bullion with BullionStar in multiple countries! The gold that was found at Templo Mayor also matched gold pieces around the monolith of the goddess Tlatecgutli that were discovered at the temple, LiveScience reports. The ASF reprimanded Banixco, saying that it: “has not conducted physical inspections to gold to verify compliance with the terms of acquisition and the conditions regarding its storage, in order to be certain of the physical custody of this asset”. 1 oz Gold Bars. Unfortunately, most of these information requests received weak responses from the Bank. Market data provided by Factset. Fox News' James Rogers contributed to this story. (Credit: Digital archive, MNA-INAH-CANNON), DISCOVERY OF GRISLY AZTEC WAR SACRIFICES COULD LEAD TO LONG-LOST EMPEROR'S TOMB: REPORT. The 4.25 pound bar gold bar. An assay card, in terms of a 1 oz gold bars, is an authenticity card attached to a plastic case which houses and protects your gold. In 2012, archaeologists announced the discovery of the skeleton of a young woman surrounded by piles of 1,789 human bones in the Templo Mayor. In February 2013, Guillermo Barba also highlighted that the Mexican Federal Audit Office (Auditoría Superior de la Federación or ‘ASF’) Report for the Year 2011 was highly critical of Banixco’s relaxed approach to its gold purchases at the Bank of England. Alternatively, at the outset in Q1 2011, the Bank of England could have ‘sold’ to Mexico a fine ounce claim on a number of gold ounces, that could then be allocated to actual gold bars on a future date. Gold Pesos come in a variety of denominations and designs, but each one is made of .900 fine gold. For these gold bars an assay card serves two purposes, the first is as a means of protecting your bar and the other is a way to verify the authenticity of your gold. MEXICO CITY (AP) — A heavily armed squad of men stole an unspecified number of gold-silver alloy bars from a desert mine in northern Mexico, escaping into the remote mountains in a small plane, according to the company. Powered and implemented by FactSet Digital Solutions. Select desired country in the location dropdown to view bullion available for sale in that country. It populated the Banixco allocated gold holding (in 2011 or after) with a selection of bars from lots of different eras. Some refiners have, or have had over time, refinery operations in multiple geographic locations, so some refiners have multiple Brand Codes listed in the Bank of England gold bar database. But that’s not surprising because gold is a store of wealth and has been for 1000s of years, so an old bar is as good as a newer bar. The Mexican central bank also added that: “due to the variability of the content of gold in the bars, it is not possible to specify with certainty the exact number of bars purchased.”. More importantly, if in the future, a gold-backed ETF flags up one or more gold bars that were among the 7265 gold bars on the Banixco list, and Banixco hasn’t reported selling any gold, then it will prove that Banixco either lent or swapped some of ts gold while still accounting for it under ‘gold and gold receivables’ in its balance sheet, and it will prove that central bank gold is being double counted while on loan, i.e. Mexico’s list is an inventory of wholesale market gold bars that Banixco owns and stores in custody at the Bank of England vaults in London. MEXICO CITY -- A heavily armed squad of men stole an unspecified number of gold-silver alloy bars from a desert mine in northern Mexico, escaping into the remote mountains in a … ©2021 FOX News Network, LLC. to 1 kilo, with many sizes in between. "If these values ​​are compared with those recorded in the graph of Mesoamerican geographical areas of use, we will realize that the ingot is located within the group of pieces recovered by the Templo Mayor Project," Ruvalcaba noted.