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What is your experience with Mexican silver?

jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
edited March 22, 2020 4:45AM in Precious Metals

Is there any particular reason that it carries such a high premium?

I realize that the premiums for all silver are high right now, but $26.82 for a random year Libertad at Apmex with spot quoted by them at $12.83 seems somewhat exorbitant.

What's going on? Are they just that popular? When they are liquidated, is it easy to get some of that premium back?

I suspect not, hence my questions...…..

Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I have not purchased any Mexican silver, but I do see the premiums you referenced and no idea why they are so high. I have some small Mexican gold that I have had for years, but have not seen any special premiums in that area. Cheers, RickO

  • bronco2078bronco2078 Posts: 10,227 ✭✭✭✭✭

    APMEX is not the best place to get anything ever. They have the most stuff is all

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