BajaNomad

Gold coin purchase in Mexicali?

CortezBlue - 12-14-2012 at 09:24 AM

Curious if anyone has bought any gold coins in Mexicali?

I have bought coins in larger cities in Mexico, but not Mexicali

If so let me know where?

Bajajorge - 12-14-2012 at 09:47 AM

I recently asked Bancomer in Mexico City via email about buying silver Mexican Libertads at the their branch in San Felipe. They said just go to the branch and they would sell me all I want. I didn't ask about gold Onzas. This was about a month or so ago, price they quoted then was $485MXN per Libertad. At the exchange rate of around 12.8 it worked out to approx $37USD.

Pescador - 12-14-2012 at 07:38 PM

I have bought Libertads in larger cities but the numbers they would sell were very limited. If you go in to the bank, they can order you up a larger number.

I have seen better prices however north of the border. check out
http://www.tulving.com

San Diego source

bajaguy - 12-14-2012 at 07:50 PM

http://libertycpm.com/silver/silver-mexican-libertad/

woody with a view - 12-14-2012 at 09:03 PM

great question! i have some 1940-50's vintage big silver peso coins tucked away SOMEWHERES around here. now i gotta find them!

CortezBlue - 12-14-2012 at 09:11 PM

Quote:
Originally posted by Bajajorge
I recently asked Bancomer in Mexico City via email about buying silver Mexican Libertads at the their branch in San Felipe. They said just go to the branch and they would sell me all I want. I didn't ask about gold Onzas. This was about a month or so ago, price they quoted then was $485MXN per Libertad. At the exchange rate of around 12.8 it worked out to approx $37USD.


Interesting, I know that I asked about gold in San Felipe and they said it was by special order only.

I will try it out when I am down

Thanks

BajaBruno - 12-14-2012 at 10:18 PM

I have never seen a Mexican gold coin in Mexico that was not priced much higher than the same coin in the U.S. Of course, there may be exceptions.

CortezBlue - 12-15-2012 at 08:00 AM

Quote:
Originally posted by BajaBruno
I have never seen a Mexican gold coin in Mexico that was not priced much higher than the same coin in the U.S. Of course, there may be exceptions.


When I bought the last Centenario in Ensenada this summer it was actually cheaper than paying spot plus fees here in the US.

Now, that was taking into consideration Peso vs $ and spot pricing for that day. Also keep in mind the Centenario is 1.2 ounces.

Pescador - 12-15-2012 at 08:42 AM

Okay, todays prices at Banamex 26,800 @12.50 = $2144 USD
Bancomer 27,450 @12.50 = $2196 USD

Price today at Tulving 1.2 oz times Spot (1695.97) = 2035.06 USD
+ 4.50
_____________
2039.56 USD

There probably is some advantage to buying out of sight of Big Government however.

This guy may be able to help

durrelllrobert - 12-15-2012 at 08:54 AM

Jerry Dunder buys and sells gold, silver and coins here in Ensenada. He is located at Cafe Orleans next to the Chevy dealer or you can email him at jerdaddy2002@yahoo.com

CortezBlue - 12-15-2012 at 09:00 PM

Quote:
Originally posted by Pescador
Okay, todays prices at Banamex 26,800 @12.50 = $2144 USD
Bancomer 27,450 @12.50 = $2196 USD

Price today at Tulving 1.2 oz times Spot (1695.97) = 2035.06 USD
+ 4.50
_____________
2039.56 USD

There probably is some advantage to buying out of sight of Big Government however.


Now you get it!!

Also, I have never seen $4.50 above spot. Maybe 4.5%, but most places are far more than 4.50

Tulving is showing Gold Eagle coins at spot + $70



[Edited on 12-16-2012 by CortezBlue]

[Edited on 12-16-2012 by CortezBlue]

BajaBruno - 12-15-2012 at 10:16 PM

As an aside, if you buy gold at the current prices, I wouldn't hold it for long. When interest rates start rising the price of gold is likely to plummet, maybe back to where it belongs at about $400 an ounce.

DavidE - 12-16-2012 at 12:12 PM

Russia is holding on to 800 tons of bullion. That could affect prices a lot more than interest rates.

Think that's wild? Take a gander at this...

http://www.dailymail.co.uk/news/article-2204566/Russia-diamo...


Like the SOVIET petro-geologist claimed in 1997 "Siberia holds four quadrillion barrels of recoverable crude oil". This interview was on PBS for all to see. He shortly disappeared off the face of the earth.

Pescador - 12-16-2012 at 04:26 PM

Quote:
Originally posted by CortezBlue
Quote:
Originally posted by Pescador
Okay, todays prices at Banamex 26,800 @12.50 = $2144 USD
Bancomer 27,450 @12.50 = $2196 USD

Price today at Tulving 1.2 oz times Spot (1695.97) = 2035.06 USD
+ 4.50
_____________
2039.56 USD

There probably is some advantage to buying out of sight of Big Government however.


Now you get it!!

Also, I have never seen $4.50 above spot. Maybe 4.5%, but most places are far more than 4.50

Tulving is showing Gold Eagle coins at spot + $70





[Edited on 12-16-2012 by CortezBlue]

[Edited on 12-16-2012 by CortezBlue]


You are right, I was looking at Silver coins when I did that. the Gold 50 Peso coins are $12 over spot.

$2035
$ 12
$2047.00.

You can go online with Banamex and Bancomer and get the current prices for Libertads. I am sure that Mexicali banks can get whatever you want, and you can also see the sell as well as the buy.