Buy Mexican 100 pesos - yes/no?

DrBuster

Any love or hate for them? Personal or market? Silver play under the radar a bit? Thoughts?

Seem like the best buy at apmex right now at spot +0.79, and if my mint puck order cancels I might just make a martini decision over the weekend for a roll.

storm888

If times were troublesome, folks with US and Canadian gold
and silver would be most likely to be charged "reasonable"
prices for my beans and bullets.

There is a reason for the smaller premiums on some types of
coins. I would rather not discover that reason when the time
comes to sell/trade.

DrBuster

Storm are you talking straight bullion or circ stuff? Canadian silver dollar are about the same as the pesos, would you rank those more acceptable? Circ coinage silver play I'd think no difference, especially when we hit 50+......no?

JamesMurray

Ive never had a problem shifting Mexican silver in the US , running auctions side by side with Canadian .925 circulated coins and Mexican .800 the Mexican stuff comes out on top every time.I know it doesnt make sense but there it is.

JCMhouston

When I started selling mine a month or two ago had no problems with selling them. Remember on things like Eagles and some of the Canadian there is a market over spot as some have collectible value. You pay less over spot when you buy them, and you get a similar amount less when you sell.

RGJohn

Mexican silver is good by me and as far as I know, it's good everywhere.

DrBuster

I'm just thinking that spot + <$1 will be well under spot and a good play before the ASE spot +$7 currently becomes an under spot price.

percyb

Better than the US dollar... I'd buy them.

OPA

You get what you pay for. Same holds true when you sell. As a strictly bullion deal, not bad, but as a bullion along with a collectors premium, I prefer the Libertad's.

DrBuster

Totally not thinking of this as a collector/Libertad premium equal play. Just thinking that this might be the cheapest straight +premium play until folks catch on.

CaptHenway

Other than one ounce onzas or libertads, I have found Mexican silver hard to move simply because Mexico has issued so many different silver coins over the decades of various weights and/or various finenesses that people do not know what any particular coin contains without looking it up in Krause.
MOO
TD

Amigo

A thought.

There are a few lowlifes selling couterfiet Mexican silver cons (pun intended) at the swap meets and on Craigslist in my City. One of them disclosing the fact, the others have not disclosed it.

I guess since the Secret Service doesn't pursue foreign counterfeit coins, and prosecutors don't pursue fraud for less than $2500 around here, these scumbags just move around fleecing people.

I would be a bit concerned about the liquidity of these going forward. Like I said though, just a thought.

AUandAG

Why pay a premium when you can buy 90% US at melt on the BST?

bob

OldEastside

<< <i>Other than one ounce onzas or libertads,

I have been corrected myself many time's for calling libertads, "ONZAS",
Thanks Captin, I rest my case



I love Mexican Silver, never had a problem with it.

Steve

mrpotatoheadd

<< <i>Other than one ounce onzas or libertads, I have found Mexican silver hard to move simply because Mexico has issued so many different silver coins over the decades of various weights and/or various finenesses that people do not know what any particular coin contains without looking it up in Krause.
MOO
TD >>

FWIW, most Mexican issues show the fineness on them- the 1977-79 100 pesos certainly do. The ones that generally don't show a fineness are the early 20th century .800 issues and the later 20th century issues under .720.

FullCameo

If you look on ebay, you can get these well below spot. No help for you, do it yourself.

JamesMurray

<< <i>

<< <i>Other than one ounce onzas or libertads, I have found Mexican silver hard to move simply because Mexico has issued so many different silver coins over the decades of various weights and/or various finenesses that people do not know what any particular coin contains without looking it up in Krause.
MOO
TD >>

FWIW, most Mexican issues show the fineness on them- the 1977-79 100 pesos certainly do. The ones that generally don't show a fineness are the early 20th century .800 issues and the later 20th century issues under .720. >>



Thats a very helpful summary Mr Potatohead , thanks

mrpotatoheadd

Because I'm not doing anything else right now...

20th century Mexican silver:

10 centavos
1906-1919: .800, not marked
1925-1935: .720, marked

20 centavos
1905-1919: .800, not marked
1920-1943: .720, marked

25 centavos
1950-1953: .300, not marked

50 centavos
1905-1919: .800, not marked
1919-1945: .720, marked
1935 only: .420, not marked

1 peso
1910-1914: .9027, not marked
1918-1919: .800, not marked
1920-1945: .720, marked
1947-1949: .500, marked
1950: .300, not marked
1957-1967: .100, not marked

5 pesos
1947-1948: .900, marked
1950-1959: .720, marked

10 pesos
1955-1960: .900, marked

25 pesos
1968, 1972: .720, marked

100 pesos
1977-1979: .720, marked

CaptHenway

Very nice. How about gross and net weights?

JamesMurray

Thats brilliant Mr P , definately worth printing out , thanks man

mrpotatoheadd

<< <i>Very nice. How about gross and net weights? >>

Well- I'm all for them.

How about you?

CaptHenway

I'll drink to them!

mrpotatoheadd

Ahead of you there...