Page 1 of 2 | 1 | 2 | >
Show 30 post(s) from this thread on one page

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - best value Mexicant silver? (http://goldismoney.info/forums/showthread.php?t=154114)

Anty Ep | 07-10-2007 12:23 PM
best value Mexicant silver? Mexican silver coins have run the gamut of silver content throughout the centuries, the Mex City mint being the oldest on the continet. What types are your favorites, and what types do you think offer the best bang for the asking price, and who is your favorite vendor? please reply

eyeofliberty | 07-10-2007 12:32 PM
Re: best value Mexicant silver? I've sold all my Mexican silver except for Libertads. APMEX currently has them at .85¢ over spot: http://www.apmex.com/Category/450/Wh...gn_Silver.aspx I found some at a local coin shop for .50¢ over spot, bought at $12.85 last week. Jennifer (Lone Star Silver) sometimes has them on hand, just ask.

latemetal | 07-16-2007 09:34 PM
Re: best value Mexicant silver? Cien Pesos and Cinco Pesos coins, nearly same silver value and they clink nicely. Both coins are .720 purity, the Cien Pesos reads "PLATA PURA 20 Gr LEY .720" and the Cinco Pesos " 27 7/9 g Ley .720" Both coins have almost the same amount of silver, 20 grams. I also like the "Scales" onza coin "Ley .925 Peso 33.625 Gramos" simply put, a silver Kruggerand.:bull-buddy-icon:

Krugerrand | 07-17-2007 02:53 AM
Re: best value Mexicant silver? The older '80s Libertads, that have a smaller diamater and are pretty thick, with lettering on the edges, be my favorites. :applause_

clarkth | 07-17-2007 09:03 AM
Re: best value Mexicant silver? Quote:
Originally Posted by Krugerrand (Post 665486) The older '80s Libertads, that have a smaller diamater and are pretty thick, with lettering on the edges, be my favorites.
I agree, I've been picking these up over the last year or so and think they make a great addition to my SAEs

AlwaysWrite | 07-17-2007 02:45 PM
Re: best value Mexicant silver? The word is "Mexican." You may notice they make some very lovely coins. I personally like the newer-style Libertads, especially with the newest reverse design (2000-present). I even picked up a 5 oz one - you can really see the detail on it. Gorgeous coins. The older style onzas (1982-1995) are cool too - I really like the edge lettering, so I picked up a nice stack. You can often get them pretty near spot, which I think makes them the best value. But I prefer the newer style if I can get them for a decent price.

Anty Ep | 07-17-2007 03:29 PM
Re: best value Mexicant silver? I like the old .903 silver cap and ray ones too I bought an assortment recently, we'll see what stacks up best when I get em

Atahualpa | 07-17-2007 03:30 PM
Re: best value Mexicant silver? We were talking about Peso's on another thread and Demosfen brought this deal to our attention and it looks good deal for the right person. The face value exchange is cheaper than a 100 peso paper note and the silver is around spot. <TABLE class=tborder id=post663985 cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR><TD class=thead>2 Days Ago </TD></TR><TR><TD class=alt2 style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px"><TABLE cellSpacing=6 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=alt2>http://goldismoney.info/forums/custo...atar2046_1.gif</TD><TD noWrap>demosfen http://goldismoney.info/forums/image...ser_online.gif<SCRIPT type=text/javascript> vbmenu_register("postmenu_663985", true); </SCRIPT> Silver Member+ </TD><TD width="100%"></TD><TD vAlign=top noWrap>Join Date: Aug 2005 Posts: 1,172 </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=alt1 id=td_post_663985><!-- message, attachments, sig -->http://goldismoney.info/forums/images/icons/icon1.gif Re: Large Texas chain store now accepts pesos. <HR style="COLOR: #d1d1e1" SIZE=1>100 peso=$9.26 as of today, and APMEX has older 100 peso at $8.67, just above melt value http://www.apmex.com/Product/9699/Me...er_Coins_.aspx http://www.google.com/search?q=100+peso Seems like a steal, unless I am missing something. If you live close to the border </TD></TR></TBODY></TABLE>

jorhyne | 07-17-2007 03:51 PM
Re: best value Mexicant silver? Just picked up a 1996 5 oz libertad for 75$, APMEX has em for 120$.

AlwaysWrite | 07-17-2007 06:10 PM
Re: best value Mexicant silver? Quote:
Originally Posted by Atahualpa (Post 665904) We were talking about Peso's on another thread and Demosfen brought this deal to our attention and it looks good deal for the right person. The face value exchange is cheaper than a 100 peso paper note and the silver is around spot. <TABLE class=tborder id=post663985 cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR><TD class=thead>2 Days Ago </TD></TR><TR><TD class=alt2 style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px"><TABLE cellSpacing=6 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=alt2>http://goldismoney.info/forums/custo...atar2046_1.gif</TD><TD noWrap>demosfen http://goldismoney.info/forums/image...ser_online.gif<SCRIPT type=text/javascript> vbmenu_register("postmenu_663985", true); </SCRIPT> Silver Member+ </TD><TD width="100%"></TD><TD vAlign=top noWrap>Join Date: Aug 2005 Posts: 1,172 </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=alt1 id=td_post_663985><!-- message, attachments, sig -->http://goldismoney.info/forums/images/icons/icon1.gif Re: Large Texas chain store now accepts pesos. <HR style="COLOR: #d1d1e1" SIZE=1>100 peso=$9.26 as of today, and APMEX has older 100 peso at $8.67, just above melt value http://www.apmex.com/Product/9699/Me...er_Coins_.aspx http://www.google.com/search?q=100+peso Seems like a steal, unless I am missing something. If you live close to the border </TD></TR></TBODY></TABLE>
Does look like a good deal. Amazing that it's being sold for less than face value. Looks like a good deal for the silver too - the only thing I can think of is that buyers might only give you well under spot for them due to the .720 purity. I read somewhere else that the .200 and .100 silver pesos were nearly worthless - the smelting cost more than they were worth. But I must be missing something if you can pick them up for under current exchange rate value - are they still legal tender?? Quote:
Originally Posted by jorhyne (Post 665921) Just picked up a 1996 5 oz libertad for 75$, APMEX has em for 120$.
We probably got them from the same place! I got the same thing.

Atahualpa | 07-17-2007 06:28 PM
Re: best value Mexicant silver? Quote:
Originally Posted by AlwaysWrite (Post 666109) Does look like a good deal. Amazing that it's being sold for less than face value. Looks like a good deal for the silver too - the only thing I can think of is that buyers might only give you well under spot for them due to the .720 purity. I read somewhere else that the .200 and .100 silver pesos were nearly worthless - the smelting cost more than they were worth. But I must be missing something if you can pick them up for under current exchange rate value - are they still legal tender??
Yeah, they are legal tender coins and you could spend them in Mexico at face value...maybe even higher because they are silver also. I made the comment on the other thread that these would be great coins for bargaining in local markets. You can buy Mexican silver in the States cheaper than they can in Mexico. You're right about the discount because of the .720, even the .925 Onza's are discounted heavily by dealers...on the buy anyway. The thing about these coins is the high face value protecting you on the downside...kinda like the Maples used to do when silver was under 5. US and the face value was $5. Canadian.

AlwaysWrite | 07-17-2007 06:39 PM
Re: best value Mexicant silver? Quote:
Originally Posted by Atahualpa (Post 666123) Yeah, they are legal tender coins and you could spend them in Mexico at face value...maybe even higher because they are silver also. I made the comment on the other thread that these would be great coins for bargaining in local markets. You can buy Mexican silver in the States cheaper than they can in Mexico. You're right about the discount because of the .720, even the .925 Onza's are discounted heavily by dealers...on the buy anyway. The thing about these coins is the high face value protecting you on the downside...kinda like the Maples used to do when silver was under 5. US and the face value was $5. Canadian.
Glad I did a little research before I pulled the trigger - I knew the deal was too good to be true. Mexico devalued the peso in 1993 - 1,000 old pesos (like on this coin) equal one new peso. So this coin's face value is 1/10 of a new peso, or about one cent. Quote:
Old Pesos and New Pesos Mexico's currency is the Mexican Peso (sometimes referred to as the New Peso (Nuevo Peso), since Mexico re-valued its currency in 1994. There are one hundred Mexican cents (Centavos) to every peso. Some travelers to Mexico have old pesos lying around and wan to know what they are worth. Well, basically, not much... 1 new peso = 1000 old pesos So 5000 in old pesos is worth 5 new pesos, about $0.50 US. Not exactly worth exchanging. The old peso is very common, so it there is no cash value for collectors that I know of. When we moved to Mexico - a friend gave us 10,0000 old pesos and we thought we were rich!

Atahualpa | 07-17-2007 07:56 PM
Re: best value Mexicant silver? Quote:
Originally Posted by AlwaysWrite (Post 666137) Glad I did a little research before I pulled the trigger - I knew the deal was too good to be true. Mexico devalued the peso in 1993 - 1,000 old pesos (like on this coin) equal one new peso. So this coin's face value is 1/10 of a new peso, or about one cent.
Damn, forgot about that devaluation, lol (good lesson in DYODD)...in my mind I was only thinking paper and didn't make the connection to the coin because of there intrinsic value. Since there is a new 100 peso coin with .54 oz's and then the old with 100 pesos and .64, it just sounds the same. Good going on figuring it out.

KASHMAN02 | 07-17-2007 08:09 PM
Re: best value Mexicant silver? Quote:
Originally Posted by Anty Ep (Post 659213) Mexican silver coins have run the gamut of silver content throughout the centuries, the Mex City mint being the oldest on the continet. What types are your favorites, and what types do you think offer the best bang for the asking price, and who is your favorite vendor? please reply
WOW, GREAT TO SEE A PM POST INSTEAD OF DOOM AND GLOOM THOUGHT MAYBE THIS SITE WAS CONVERTED, I LIKE THE LIBERTADS MYSELF.

latemetal | 07-17-2007 10:07 PM
The Cien Pesos coin... Just another example of silver keeping its value long after the fiat has folded.:tongue_ma: :applause_ :s9: :bull-buddy-icon: :wink:

silver-gold-palladium | 07-18-2007 02:34 AM
Re: best value Mexicant silver? Quote:
Originally Posted by Anty Ep (Post 659213) Mexican silver coins have run the gamut of silver content throughout the centuries, the Mex City mint being the oldest on the continet. What types are your favorites, and what types do you think offer the best bang for the asking price, and who is your favorite vendor? please reply
I'll take a truck load of legal tender 1992-95 10 Nuevo Peso Coins. They have .16 oz. troy silver, and with the current exchange rate of 10.73, effectively convert at just $.93 US per coin. Thus the silver is obtained at just $5.81/oz, which is the best bang for the asking price that I know of. These coins are hard to come by, but every now and then I come across one in circulation when I'm across the border.

Horn | 07-18-2007 02:42 AM
Re: best value Mexicant silver? Quote:
Originally Posted by silver-gold-palladium (Post 666627) I'll take a truck load of legal tender 1992-95 10 Nuevo Peso Coins. They have .16 oz. troy silver, and with the current exchange rate of 10.73, effectively convert at just $.93 US per coin. Thus the silver is obtained at just $5.81/oz, which is the best bang for the asking price that I know of. These coins are hard to come by, but every now and then I come across one in circulation when I'm across the border.
That's a monetary travesty, I'm starting to think these centralized governments aren't going to last long.

Anty Ep | 07-19-2007 07:05 PM
Re: best value Mexicant silver? Quote:
Originally Posted by silver-gold-palladium (Post 666627) I'll take a truck load of legal tender 1992-95 10 Nuevo Peso Coins. They have .16 oz. troy silver, and with the current exchange rate of 10.73, effectively convert at just $.93 US per coin. Thus the silver is obtained at just $5.81/oz, which is the best bang for the asking price that I know of. These coins are hard to come by, but every now and then I come across one in circulation when I'm across the border.
wtf do they look like. I got a bunch of bimettalic mex coins that say 2 and 5 on them. I got a couple silverish ones that say 20. got good pics off the net? I have a magazine article on this but I lost it.

silver-gold-palladium | 07-20-2007 02:36 AM
Re: best value Mexicant silver? 2 Attachment(s) Quote:
Originally Posted by Anty Ep (Post 668846) wtf do they look like. I got a bunch of bimettalic mex coins that say 2 and 5 on them. I got a couple silverish ones that say 20. got good pics off the net? I have a magazine article on this but I lost it.
The 2 and 5 Peso coins that you have are without any silver. The '93-'95 20 Peso coins do have .25 oz. silver.

Anty Ep | 07-30-2007 12:50 PM
Re: best value Mexicant silver? Quote:
Originally Posted by Anty Ep (Post 665896) I like the old .903 silver cap and ray ones too I bought an assortment recently, we'll see what stacks up best when I get em
got my mexicoins, beautiful onza, had those already, .999 cap and ray un peso coin, late 1800s, I think those are ,903-- nice design but obviously this was cleaned, and pretty hamfistedly, there is zero toning and visible rub marks-- a little disappointing, since the corner store has these for $18, uncleaned, and I paid $20 for this one-- 1930s era un peso coins-- lower silver content, not sure what--very charming, these were not cleaned but just BU-- with a wee bit of toning 1970s era un peson coins-- even lower silver content, says .720, again, uncleaned BU, or maybe I have to say the old cap and ray is my favorite style, but the example I have was dissapointing. my obivous solution is, next time my budget allows, to go on down and get the local guy's stash provided hes still got it.

latemetal | 07-30-2007 07:10 PM
A page I like... http://homepage.mac.com/billwesco/hobbies.html Has too much information.:bull-buddy-icon:

chewy | 07-30-2007 07:38 PM
Re: best value Mexicant silver? Now you're talking baby! I love Onza's! I've got close to 1,000 of 'em. I bought about 30% of mine under 5. $4.82 IIRC. About 50% at 6 or 7. And the rest I bought all the way up to 12. Yeah, I'm bragging :D I do have a few Libertads but the scale and balance are my favorite silver coins. These are sterling silver, 92.5%, but are more expensive than libertads that are .999 There is a street in zona rosa in Guadalajara that has like 20 coins shops, I loved that street, those dudes DEAL. http://img.photobucket.com/albums/v6...nzo1980b-1.jpg http://img.photobucket.com/albums/v6...nzo1980a-1.jpg Man I love the sound silver coins make. :D

twenty4karat | 07-30-2007 07:50 PM
Re: best value Mexicant silver? Quote:
Originally Posted by Anty Ep (Post 665896) I like the old .903 silver cap and ray ones too I bought an assortment recently, we'll see what stacks up best when I get em
Are these the one's you're talking about? http://www.apmex.com/Product/24223/M...r_choice_.aspx I had 3 or 4 rolls of these (BU's in mint wrappers). Unfortunately I sold them about 15-20 years ago. They're worth bucks now. They are cool coins. Maranatha, :smile:

Anty Ep | 07-30-2007 10:11 PM
Re: best value Mexicant silver? Quote:
Originally Posted by twenty4karat (Post 679873) Are these the one's you're talking about? http://www.apmex.com/Product/24223/M...r_choice_.aspx :smile:
yeah but evidently the priced snaked up in the two past weeks even as silver went sideways. hmmmm, now Im definitely goin to the corner store

hoarder | 07-30-2007 10:24 PM
Re: best value Mexicant silver? Quote:
Originally Posted by chewy (Post 679861) I do have a few Libertads but the scale and balance are my favorite silver coins. These are sterling silver, 92.5%, but are more expensive than libertads that are .999
Huh?? Why would a 92.5% coin be more expensive than a 999 coin? Not that it matters to me, I have plenty of both that I bought cheap years ago and don't recall either being more expensive than the other. Surprizingly the 92.5 coin does have a distinctive ring like pure silver when you plunk it on a table, must be the diameter. I think the 999 Onzas with the badass bird look better.

chewy | 07-31-2007 12:47 AM
Re: best value Mexicant silver? Quote:
Originally Posted by hoarder (Post 680041) Huh?? Why would a 92.5% coin be more expensive than a 999 coin? Not that it matters to me, I have plenty of both that I bought cheap years ago and don't recall either being more expensive than the other. Surprizingly the 92.5 coin does have a distinctive ring like pure silver when you plunk it on a table, must be the diameter. I think the 999 Onzas with the badass bird look better.
I dunno. They are both one ounce of silver. I think the scale and balance has a numismatic / collecter value? I initially didn't care about that at all I just liked the way it looked and wanted bullion. Whenever I show Onza's or Libertads to people they love them, in general I think people love that ring of real money. It resonates with people somehow, they love to handle them and plink them together :D And I let them.

Anty Ep | 08-05-2007 01:06 AM
Re: best value Mexicant silver? crap, I m really itchin to get some more Mex silver. I checked the listings on ebay, they all are overpriced. apmex had some good deals. but what other vendors we got for this? my local stores dont have jack.

chewy | 08-05-2007 01:32 AM
Re: best value Mexicant silver? Here's a couple. http://www.coloradogold.com/ He doesn't take orders of less than 100 oz. of silver. Great prices and his reputation is beyond reproach. http://mexicancoincompany.com/cgi-bin/spotprice.cgi Never dealt with these guys.

Anty Ep | 08-07-2007 04:21 PM
Re: best value Mexicant silver? in the 60s the coins were 0.100 silver. the un peso had 2.6 g of silver in it. http://en.wikipedia.org/wiki/Mexican_peso spot x .03215 x 2.6 if spot is 13.00 then its about 1.09$ per coin in silver. I looked on ebay and they had 5 completed listings for a 66 that totaled just over five bucks. es muy interessante

Ulysses | 08-29-2007 08:05 PM
Re: best value Mexicant silver? Good thread Anty! Quote:
Originally Posted by Anty Ep (Post 665896) I like the old .903 silver cap and ray ones too I bought an assortment recently, we'll see what stacks up best when I get em
I have a good bunch of those, late 1890's. They changed the design in the early 1900's to one with a rider and horse on one side and the eagle on the other, which they made until 1913 (known as the "peso fuerte" or strong peso). Anyway, Libertads are my faves. I like both the 80s style ones, smaller and thicker, and the newer ones with all the different eagle designs they've used. I travel to a few places in Mexico now and then and know the coin dealers in a couple of cities; you can get some real deals on those older coins, as well as on the rarer 5 and 10 ounce versions of the Libertad, at least as compared to APMEX or ebay. After the 93 devaluation, when they "took 3 zeros" off the peso, the gov't decided to use .925 for the center part of all $10, $20, $50 and $100 new peso coins. This was meant to help give the new peso more credibility and stability. At first, the silver content in each coin (5g in the case of the N$10, 10 g for the N$50) was worth less than the nominal value. After a few years, once the new peso had stabilized, they stopped using silver for these coins at the same time as the "N" (in N$10) was removed from the design of the coins. Mexico went through very tough economic times in the 80's, including triple digit yearly inflation rates. What will most likely happen to the USD in the next few years already happened to the peso, and to this day the average Mexican has a much better understanding of what inflation is and what it means that the average US citizen. Apparently, the inflation lesson is still painfully fresh in their minds. I've heard stories about how, for a while, supermarkets and other stores had to relabel all their products as prices rose every day. Currently, from what I read, there is a group of pretty influential people and groups in Mexico (led by Hugo Salinas Price) pushing to get laws approved which would in effect force the gov't and national bank to adopt a new monetary policy and to get Libertads to circulate as legal tender. They are trying, it seems, to protect the peso as much as possible from losing value along with the USD, since Mexico's strategic financial reserves are mostly in USDs. Banco Azteca in Mexico already offers people the option of opening savings accounts in Libertads rather than pesos. For some reason, I can't imagine a US bank coming up with that idea. Either way, most people would probably just say, "Huh?..."

All times are GMT -4. The time now is 04:52 PM. |
Page 1 of 2 | 1 | 2 | >
Show 30 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM

Gold & Silver Forum - best value Mexicant silver?

Page 2 of 2 | < | 1 | 2
Show 30 post(s) from this thread on one page

Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - best value Mexicant silver? (http://goldismoney.info/forums/showthread.php?t=154114)

AlwaysWrite | 08-30-2007 12:41 AM
Re: best value Mexicant silver? Someone has to find me a good source to get the newer Libertads at fairly close to spot. I am just in love with the design. I've found only a couple here and there, but I'd like to pick up a roll or two. I don't think they're rare enough to command big premiums, but it just seems not too many dealers carry them.

silver-gold-palladium | 08-30-2007 01:17 AM
Re: best value Mexicant silver? 3 Attachment(s) Quote:
Originally Posted by Ulysses (Post 715972) After the 93 devaluation, when they "took 3 zeros" off the peso, the gov't decided to use .925 for the center part of all $10, $20, $50 and $100 new peso coins. At first, the silver content in each coin (5g in the case of the N$10, 10 g for the N$50) was worth less than the nominal value. After a few years, once the new peso had stabilized, they stopped using silver for these coins at the same time as the "N" (in N$10) was removed from the design of the coins.
Actually, the 50 Peso coin from '93-'95 had 16.812 grams of silver, or .54 troy oz.- not 10 g. The '93-95 20 peso coin had .25 oz. troy silver. The same bi-metallic blank from the retired 50 peso coin is used for the 2003 to present 100 peso coins. Although the "N" designation appears on the retired 10, 20, and 50 peso coins, it is not on the current 100 peso coin.

silver-gold-palladium | 08-30-2007 01:43 AM
Re: best value Mexicant silver? Quote:
Originally Posted by AlwaysWrite (Post 716218) Someone has to find me a good source to get the newer Libertads at fairly close to spot. I am just in love with the design. I've found only a couple here and there, but I'd like to pick up a roll or two. I don't think they're rare enough to command big premiums, but it just seems not too many dealers carry them.
You likely won't find any place that will part with any Libertads for less than $.50 over spot. And if you find newer ones, you'll surely be paying more. I picked up a couple of hundred mostly older Libertads at $.50 over spot from NCII in Boca Raton, back in December, and left a few dozen of the dirtier ones behind. Perhaps they're still there. I also picked up a few unopened rolls of old Libertads from Andrews Coins, in Delray Beach, for $.65 over spot, that same day. I left a slightly bashed in, unopened roll behind, so perhaps it's still there.

Ulysses | 08-30-2007 02:51 AM
Re: best value Mexicant silver? Quote:
Originally Posted by silver-gold-palladium (Post 716239) Actually, the 50 Peso coin from '93-'95 had 16.812 grams of silver, or .54 troy oz.- not 10 g. The '93-95 20 peso coin had .25 oz. troy silver. The same bi-metallic blank from the retired 50 peso coin is used for the 2003 to present 100 peso coins. Although the "N" designation appears on the retired 10, 20, and 50 peso coins, it is not on the current 100 peso coin.
Right you are, thank you for the correction.

Anty Ep | 08-30-2007 10:20 AM
Re: best value Mexicant silver? Quote:
Originally Posted by Ulysses (Post 715972) Good thread Anty! I have a good bunch of those, late 1890's. They changed the design in the early 1900's to one with a rider and horse on one side and the eagle on the other, which they made until 1913 (known as the "peso fuerte" or strong peso). Anyway, Libertads are my faves. I like both the 80s style ones, smaller and thicker, and the newer ones with all the different eagle designs they've used. I travel to a few places in Mexico now and then and know the coin dealers in a couple of cities; you can get some real deals on those older coins, as well as on the rarer 5 and 10 ounce versions of the Libertad, at least as compared to APMEX or ebay. After the 93 devaluation, when they "took 3 zeros" off the peso, the gov't decided to use .925 for the center part of all $10, $20, $50 and $100 new peso coins. This was meant to help give the new peso more credibility and stability. At first, the silver content in each coin (5g in the case of the N$10, 10 g for the N$50) was worth less than the nominal value. After a few years, once the new peso had stabilized, they stopped using silver for these coins at the same time as the "N" (in N$10) was removed from the design of the coins. Mexico went through very tough economic times in the 80's, including triple digit yearly inflation rates. What will most likely happen to the USD in the next few years already happened to the peso, and to this day the average Mexican has a much better understanding of what inflation is and what it means that the average US citizen. Apparently, the inflation lesson is still painfully fresh in their minds. I've heard stories about how, for a while, supermarkets and other stores had to relabel all their products as prices rose every day. Currently, from what I read, there is a group of pretty influential people and groups in Mexico (led by Hugo Salinas Price) pushing to get laws approved which would in effect force the gov't and national bank to adopt a new monetary policy and to get Libertads to circulate as legal tender. They are trying, it seems, to protect the peso as much as possible from losing value along with the USD, since Mexico's strategic financial reserves are mostly in USDs. Banco Azteca in Mexico already offers people the option of opening savings accounts in Libertads rather than pesos. For some reason, I can't imagine a US bank coming up with that idea. Either way, most people would probably just say, "Huh?..."
AHA, VERY GOOD COMMENTS. and I thought you were here just to bust my balls. :D

Ulysses | 08-30-2007 02:42 PM
Re: best value Mexicant silver? Far from it, Anty. We may disagree on some issues, but I consider you one of the more intelligent posters around here and appreciate having you around. Good thread. Best.

Anty Ep | 08-30-2007 02:52 PM
Re: best value Mexicant silver? Quote:
Originally Posted by Ulysses (Post 716923) Far from it, Anty. We may disagree on some issues, but I consider you one of the more intelligent posters around here and appreciate having you around. Good thread. Best.
Well thanks, I've left some dropppings on other threads just now you may not find so congenial!

Ulysses | 08-30-2007 02:54 PM
Re: best value Mexicant silver? Yeah, I saw that. No problem Anty, I disagree with but also respect your opinions.

Anty Ep | 09-08-2007 11:24 PM
Re: best value Mexicant silver? more about mexicant silver. I love that crap. I keep on going to apmex to see what they got. their cap and ray pesos from the .903 period are always too expensive though. anybody got better prices?

TruAuBug | 09-09-2007 12:02 AM
Re: best value Mexicant silver? Check out Bullion Direct there catalog shows Mexican Libertads for $13.48 each. That makes them $0.95 over spot. :applause_

Silver Gorilla | 09-09-2007 12:24 AM
Re: best value Mexicant silver? Quote:
Originally Posted by Anty Ep (Post 659213) Mexican silver coins have run the gamut of silver content throughout the centuries, the Mex City mint being the oldest on the continet. What types are your favorites, and what types do you think offer the best bang for the asking price, and who is your favorite vendor? please reply
Im going to get my hands on them Mexican silver coins on monday, the buying fever is still in effect. :wink: I realy don't have a favorite vendor, I think all 999.9 gives a good shabang for the comeing bucks

All times are GMT -4. The time now is 04:52 PM. |
Page 2 of 2 | < | 1 | 2
Show 30 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM