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.

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.

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Silver Member+

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</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

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Originally Posted by jorhyne (Post 665921)

Just picked up a 1996 5 oz libertad for 75$, APMEX has em for 120$.

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??

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.

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.

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

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

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.

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.

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.

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

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

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:

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

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.

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

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.

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.

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.

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?..."

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.

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