World Coins

Author, dealer in Mexican coins Don Bailey dies

Don Bailey, dean of Mexican numismatics, has died.

Image courtesy of Louis Golino

On Aug. 10 the numismatic community lost one of its pioneers with the death of Don Bailey, a prominent dealer and specialist in Mexican numismatics, who worked tirelessly to expand interest in this area of the hobby over the past half century. 

Bailey, 85, was born and raised in Michigan. He left the state during the Korean War to join the U.S. Marine Corps. When he retired from the Marines, he was living in Yuma, Arizona, a state that borders Mexico. It was in Arizona that Bailey began his love affair with Mexican coins and the history behind them.

He began studying and writing about Mexican coins in the 1960s, writing articles that eventually appeared in every major numismatic publication as well as several award-winning books, including The Whitman Encyclopedia of Mexican Money – a multi-volume history of Mexican coinage since the pre-Columbian era that he wrote with his wife, Lois.


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In 1979 he became a full-time coin dealer, working closely with the Banco de Mexico and Casa de Moneda to import recent releases into the United States. After he and his wife retired from the coin business, stepson Pat Stovall took over the family business.

Bailey served as “Mexican Trends” analyst for Coin World’s coin pricing section, more recently called “Mexican Market Analysis,” providing for over 20 years updated retail values for all Mexican coins issued since the coinage reform of 1905 and commentary about the U.S. market for Mexican coins.

He also wrote many news stories and feature articles for Coin World, including a cover story on Mark Hoffman, a Mormon forger and murderer, that appeared in the 1980s and a cover story for the world coins section in November 1987 called “The Numismatics of Spanish Colonial Mexico.” 

Coin World’s coverage of Mexican coins was expanded considerably through the partnership between Bailey and the magazine’s longtime former editor Beth Deisher. 

Deisher noted in 2014 that when she became editor in 1985 and sought to expand the publication’s coverage of Mexican coins, she found it difficult to communicate directly with Mexican officials. Bailey suggested she travel there to attend conventions of the Sociedad Numismatica de Mexico, which she did with his help and encouragement.

In the 1990s Bailey organized the first-ever meeting of the Mexican Mint, U.S. Mint and Royal Canadian Mint held in Mexico City. At the time, the directors of all three mints were women. 

He also wrote several books on Mexican coinage and contributed to various world coin reference books such as the Standard Catalog of World Coins and Standard Catalog of Mexican Coins — both published by Krause Publications.

Bailey was not only active in several numismatic associations and groups but also started the United States Mexican Numismatic Association in 1997.

He received countless awards such as several Numismatic Literary Guild awards, the American Numismatic Association’s Presidential award, Numismatic Ambassador from Numismatic News, and the Mexican Order of the Aztec Eagle, the highest award Mexico can bestow on a foreign citizen. 

Deisher said in her foreword to the second volume of Mexican Money: “Don’s driving vision for the last 40 years has been to share his knowledge and to entice others to become as smitten with Mexican numismatics as he was. Don and Lois (his wife and numismatic research partner) can take pride in knowing they’ve succeeded.”

Don received a military funeral in Michigan. He is survived by his wife of 40 years, Lois Bailey, his daughter, Linda Scott, stepsons Mike Stovall and Pat Stovall, and numerous grandchildren. He also is survived by a brother and a sister.

For more about his life, visit the special page at his firm’s website.

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