DaleG
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Is anyone buying silver in mexico?
Over the years I have been buying silver libertads from Banco Azteca. With silver dropping and the dollar strengthening against the peso, seems like a
good buy point again. Anyone doing this?
Also, how should one declare these purchases?
It is always way less than the $10,000 limit, but these CBP cowboys can never give me a real answer. They seem to go into a trance when I ask about
bringing in silver coins that arent really currency.
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greengoes
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Most of them go into a trance if you ask anything more than the time of day.
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DaleG
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| Quote: | Originally posted by greengoes
Most of them go into a trance if you ask anything more than the time of day.
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True that. Ill bet you they could tell you what their overtime rate is tho. 
[Edited on 9-22-2011 by DaleG]
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DENNIS
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Well...if they're no longer currency, they must be curios....like silver candle sticks. In that case, I would declare them like curio purchases. You
know...declare one...hide two. Same ol' drill. 
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Ateo
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I thought I bought some silver in Oaxaca one time but the US jeweler told my wife it was fake. 
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DaleG
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to ateo.
These are minted government coins sold from banco azteca. .999 puro plata.
Not candlesticks.
[Edited on 9-22-2011 by DaleG]
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DENNIS
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| Quote: | Originally posted by DaleG
to ateo.
These are minted government coins sold from banco azteca. .999 puro plata.
Not candlesticks.
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Is that the Mexico version of the Franklin Mint? If they arn't real coin of the realm in circulation, what are they but ornaments?
http://www.franklinmint.com/collectible-coins-bullion.html
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DaleG
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From what I can gather they are minted by the Banco de Mexico. I buy them as bullion, not ornaments or collectables.
http://en.wikipedia.org/wiki/Libertad_%28coin%29
[Edited on 9-22-2011 by DaleG]
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pacocruz
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Good job on buying some silver. The Libertads are nice, quality world-class coins (comparable to Canadian/US/Austrian coins). If you are purchasing
from the banks there, look for the 5-oz Libertads and specialty coins, you might be able to get some nice pieces at bullion prices.
Current price online for Libertads after last week's big crash is $36.00, about $4 over spot price. Plus another dollar for shipping.
The Mexican Mint is it's own entity, they have an interesting history. There were 14 mints total in Mexico, including Alamos, Hermosillo, Culiacan,
but no mints in BCS or BCN.
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Woooosh
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silver dropped 25% in value last week.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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DENNIS
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| Quote: | Originally posted by Woooosh
silver dropped 25% in value last week. |
Didn't everything drop last week? Usually when stocks drop, metals will rise, but not this week. People are selling everything.
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Woooosh
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yup, even Gold lost value. The euro zone has a few months left to destroy the world economy and our Wall Street casino. Wasn't it just a few months
ago many said the Euro was a dollar-killer and it would replace the dollar as the world standard? First thing you learn working in a kitchen is to
never catch a falling knife- same thing here. No one with cash should be parting with it.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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durrelllrobert
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here's an american in ensenada that is buying silver (and gold)
jerdaddy2002@yahoo.com
Bob Durrell
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Woooosh
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| Quote: | Originally posted by durrelllrobert
here's an american in ensenada that is buying silver (and gold)
jerdaddy2002@yahoo.com |
people are still offering Rosarito real estate at top dollar as an investment too...
(You would have made 12% profit this week from simply changing dollars to pesos). That is 12 years worth of returns on your saving account...
[Edited on 9-25-2011 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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