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CortezBlue
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Silver and Gold Pesos?
Has anyone purchased any silver or gold coins from a Mexico bank in San Felipe, Mexicali or San Luis
If so,
How did you pay? Credit Card?
Were there any additional fees or was it the spot price of gold or silver for that day?
[Edited on 8-12-2011 by CortezBlue]
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DENNIS
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| Quote: | Originally posted by CortezBlue
Has anyone purchased any silver or gold coins from a Mexico bank in San Felipe, Mexicali or San Luis |
What are silver and gold Pesos?
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CortezBlue
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by CortezBlue
Has anyone purchased any silver or gold coins from a Mexico bank in San Felipe, Mexicali or San Luis |
What are silver and gold Pesos? |
Mexican 50 Gold Peso Centenarios
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CortezBlue
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Damn, I blew it
The correct answer should have been
About $1800 an ounce
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DENNIS
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| Quote: | Originally posted by CortezBlue
Mexican 50 Gold Peso Centenarios |
I've seen them, but do banks still sell them? They have more collector value than the bank is willing to deal with, I'm sure.
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CortezBlue
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by CortezBlue
Mexican 50 Gold Peso Centenarios |
I've seen them, but do banks still sell them? They have more collector value than the bank is willing to deal with, I'm sure.
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Yep, they sell them in the bank and have for many years.
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dean miller
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Cinco peso"Hidalgos" from the 1950s
271/2 grams and ley 720
The disappeared from the market many many years ago.
We use to go to the local banks and purchase them at face value when the peso was 12.5 to the dollar..what a bargin
Now I only have three remaining.......
sdm
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Howard
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Mood: I'd rather regret the things I've done than regret the things I haven't done.
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Back in the 60's my mom and dad went to a bank in Mexico City and bought a 50 peso gold coin for $40. I still laugh with my 95 year mother on why
they didn't buy more.
BTW, I still have the coin.
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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Marc
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| Quote: | Originally posted by dean miller
Cinco peso"Hidalgos" from the 1950s
271/2 grams and ley 720
The disappeared from the market many many years ago.
We use to go to the local banks and purchase them at face value when the peso was 12.5 to the dollar..what a bargin
Now I only have three remaining.......
sdm |
What are they worth in USD??
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CortezBlue
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The reason I am interested in buying gold directly in Mexico has to do with the value of the $ vs Peso.
I can use my credit card and get exact exchange rate with no additional fees and, I hope, the current spot market price for gold.
The 50 peson Centenarios has about 1.2 oz of gold. So if you calculate 1.2 x gold spot price, is what it should cost.
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dean miller
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| Quote: | Originally posted by Marc
| Quote: | Originally posted by dean miller
Cinco peso"Hidalgos" from the 1950s
271/2 grams and ley 720
The disappeared from the market many many years ago.
We use to go to the local banks and purchase them at face value when the peso was 12.5 to the dollar..what a bargin
Now I only have three remaining.......
sdm |
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
What are they worth in USD?? |
What ever 27 1/2 grams of ley 720 silver is currently worth?
SDM
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mulegejim
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| Quote: | Originally posted by CortezBlue
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by CortezBlue
Has anyone purchased any silver or gold coins from a Mexico bank in San Felipe, Mexicali or San Luis |
What are silver and gold Pesos? |
Mexican 50 Gold Peso Centenarios |
In gold there were at least a 50, 20 and 2 peso coin. I happen to have a 50 peso, 2 twenty peso and several 2 peso gold coins. I don't believe they
are pure so the value is somewhat less than the weight of the coin. It is correct that the 50 peso is 1.2 ounces not sure of the others, however, a
little quick math should provide the answer. Jim
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tjBill
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Except many are predicting the value of gold will soon crash.
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mtgoat666
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| Quote: | Originally posted by CortezBlue
Has anyone purchased any silver or gold coins from a Mexico bank in San Felipe, Mexicali or San Luis
If so,
How did you pay? Credit Card?
Were there any additional fees or was it the spot price of gold or silver for that day?
[Edited on 8-12-2011 by CortezBlue] |
don't think you can buy them from mex govt or mex banks (don't think mex mints them anymore).
they are about same marketability as coronas or krugerrands - sell for about 1 or 2 percent above market rate for gold.
if you are considering buying gold today, you are too late, doubt it will go much higher. you are better off buying blue chips after a large 500 pt
market drop. buy low, sell high, stay thirsty my friends.
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mulegejim
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http://www.cmi-gold-silver.com/mexican-gold-coin-50-pesos.ht...
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DENNIS
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Back in the sixties, a buddy of mine had one of those 50 P coins mounted in a money clip. In those days, it was illegal to have more gold than it
took to fill a couple of teeth.
One day, he was returning north through the border and got into an arguement with the gate inspector and they took him inside to establish who was
boss there.
They confiscated, forever, his cold coin....right after giving him a body-cavity search.
Not one of his finest days.
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Marinero
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Coin Values
There are several sites on the web which will tell you what the precious metal content and "melt value" of various coins are. Just Google "melt value
(your coin)"
Si estás buscando la person que cambiará su vida, échale una mirada en el espejo.
Fish logo from www.usafishing.com, used w/permission.
But Oz never did give nothing to the Tin Man
That he didn't, didn't already have..... |
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RichBaja
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I sure hope these gold and silver pieces are not "mas o menos" like the gas pumps and propane tanks. Could lose hundreds just on that.
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DianaT
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| Quote: | Originally posted by Marinero
There are several sites on the web which will tell you what the precious metal content and "melt value" of various coins are. Just Google "melt value
(your coin)" |
Thanks, I found what I was looking for. 
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Bajajorge
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I remember in the late 70s everybody was running to Mexico to buy up the gold Pesos. The Mexicans were still using them as everyday coin and you would
get them as change when you bought stuff in a store or bar.
They were starting to get scarce around that time.
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