Mexican gold: 2 pesos.

GoldCoinLover · April 11, 2004 1:01PM

I drove 3 hours from where I live to Yuma near morongo valley (Where my grandparents live). There was a coin store called Quality coins there, and they had a wide assortment of stuff. I'm interested in gold coins, and I told the merchant at the store there, and he was happy I was a collector of gold. He showed me a few 2 peso mexican gold coins he had (They're very small, about the size of a pencil eraser) for $40 each. Was this a good deal? They were all in a condition of at least BU and all were raw. He was also selling a 1/10 oz austrailian kruggeran for $50. (It had about twice the amount of gold or more than the mexican one). I couldn't afford either so I bought a 1 oz. buffalo nickel round of .999 silver. (It looks like a coin, he corrected me and said it was a "round"). I paid $8.00 for that. My grandfather was with me and he bought some very interesting looking pennies that I've never seen before: There were many, but the one he bought was a date of 1940 wheat cent, and on the heads side it had a raised sculpture of lincoln on it.

oldshep · April 11, 2004 1:15PM

gold is beautiful and desirable but it is expensive - If you like the silver round - there are many beautiful silver coins from all over the world that are very reasonably priced. You might want to give them a try.
Shep

trozau · April 11, 2004 2:46PM

You must mean Australian Kangaroo. $50 is not bad for 1/10 ounce bullion gold at current spot (could probably still get it a little lower).

Coulport · April 12, 2004 12:48AM

The majority of the Mexico 2 pesos you see are restrikes dated 1945.
Gold content is .0482 oz.
These generally retail for $25 to $28 in the present gold market.

Other dates sell for more.

JohnZ · April 12, 2004 12:53AM

The 1945 restrikes actually have a denomination of 2 1/2 pesos.

Coulport · April 12, 2004 5:22AM

Actually, both the 2 and 2 1/2 pesos restrikes are dated 1945

GoldCoinLover · April 12, 2004 8:08AM

Was $40 a reasonable price for the mexican 2 peso, and $50 a reasonable price for the kruggeran? I assume the kruggeran was a better price?

Coulport · April 12, 2004 9:05AM

Go back and read my first post.

If you are still willing to pay $40 for Mexico 2 peso gold, have I got a deal for you.

BTW, Australia does not mint the Krugerand, South Aftica does.
Australia mints the kangaroo gold coins.

joecool · April 12, 2004 9:06AM

<2 peso mexican gold coins he had (They're very small, about the size of a pencil eraser) for $40 each. Was this a good deal?>

Well I paid $36 for this one already certified from www.brokencc.com. I hope they weren't the restrike Dos Pesos of 1945, if they are then you paid too much.......

Hyperion · November 25, 2011 11:20PM

those were the days!

TwoKopeiki · November 26, 2011 2:06AM

Haha, didnt notice the dates and was wondering why people were giving price advice that was way lower than current melt.

Also, wasn't there some drama associated with the GoldCoinLover?

Swampboy · November 26, 2011 4:07AM

Today's lesson?

Perhaps.... "these are the good old days."

lordmarcovan · November 26, 2011 3:48PM

For once, I knew we were dealin' with a "blast from the past" straight off, before I even opened it.

As soon as I saw GCL was the author of the thread, I knew we had a flashback on our hands.

A short time after my arrival on these forums (i.e. in late 2001 or early 2002), I bought a PCGS MS63 (OGH) 1908 USA St. Gaudens No Motto double eagle for 400 bucks on the BST. Talk about "the good ol' days", huh?

melvin289 · November 27, 2011 5:49PM

What is the story on the 1945 Dos Pesos? The only gold coin I own is an 1945 Dos Pesos which I have had for about 15 years, maybe a few more.

Ron

SYRACUSIAN · November 28, 2011 1:28AM

That GCL and his questions.... Most of them he was making them up. There was no krugerrand, he should have known it was a South African coin. Most of us had given up on replying. Then that list in the sigline.... I guess the "good ol'days" refers to the gold spot price, because I'm glad he's not around anymore. He took the 3:10 to Yuma.

Notice a rare sighting of coulport in it. Him, I'd definitely like to hear from again.

SYRACUSIAN · November 28, 2011 1:35AM

<< <i>What is the story on the 1945 Dos Pesos? The only gold coin I own is an 1945 Dos Pesos which I have had for about 15 years, maybe a few more.

Ron >>

It's a bullion restrike of the 1945 issue. There's a few PCGS sample slabs with it,the only ones with a gold coin in it, still circulating on ebay, that say "With compliments of UBC , Gem BU" and they can be bought at virtually no premium at all over its melt value. They were handed out for free, but I can't say when or where. UBC was a Swiss bank, now defunct.

Coulport · November 28, 2011 10:10AM

Notice a rare sighting of coulport in it. Him, I'd definitely like to hear from again. >>

I'm still around. Just look in here once in a while but don't post. Spend more time on the precious metals forum.

Mexican gold: 2 pesos.

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