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bankmining
Penny Pincher Member
USA
120 Posts |
 Posted - 03/10/2010 : 09:57:03
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Walking around my local coin dealer's store yesterday I noticed a small container of .100 silver pesos. He had a price of $1.25/ea on them and I asked if I could have a discount if I bought all he had. He said sure "eighty-five cents each", so I took a total of 21 of these. Researching them later I noticed they contain 2.6g of silver each (almost exactly 1/12 of an oz.) There is no sales tax here for bullion sales (but our legislators are trying to change that ). Just wondering if I got a good deal for these at .85 or do they sell at quite a bit of discount from melt?
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Kurr
1000+ Penny Miser Member
2906 Posts |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 03/10/2010 : 10:09:29
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| You are ahead of the game. Nice score. |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 03/10/2010 : 12:10:20
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You didn't overpay... With Ag at $17.10, and an ASW of .0514, they have a MV of 88¢ each.
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Edited by - Bluegill on 03/10/2010 12:11:47 |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 03/10/2010 : 12:56:19
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| So are they worth $0.88 each or nearly $1.50 each? |
"May your percentages ever increase!" |
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bankmining
Penny Pincher Member
USA
120 Posts |
Posted - 03/10/2010 : 18:18:19
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quote:
Originally posted by wolvesdad
So are they worth $0.88 each or nearly $1.50 each?
I'm a little confused now too - when I looked up "Mexican Peso" on Wikipedia I got the figure of 2.6g of silver per coin. If I divide 2.6 by 31.1 (grams in troy ounce) I come up with .0836 per coin. Silver at $17.10 X .0836 would be $1.43 per coin. Do I have a wrong figure for silver content? These are 1957-66 One Peso's. |
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nologiks
Penny Sorter Member
83 Posts |
Posted - 03/10/2010 : 21:13:31
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| sounds right to me. I think your maths ok. |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 03/11/2010 : 06:45:42
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BM, your math is fine. The info from Wikipedia, as all too often, was erroneous.
The '57 thru '67 1 Peso weighs 16 grams and is .100 fine. That gives you 1.6 grams of Ag. Which is .0514 T. Oz.
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bankmining
Penny Pincher Member
USA
120 Posts |
Posted - 03/11/2010 : 09:08:27
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quote:
Originally posted by Bluegill
BM, your math is fine. The info from Wikipedia, as all too often, was erroneous.
The '57 thru '67 1 Peso weighs 16 grams and is .100 fine. That gives you 1.6 grams of Ag. Which is .0514 T. Oz.
Thanks for the info, Bluegill |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 03/12/2010 : 10:50:35
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| not to jack the thread, but, i was just going to look that up. as i got a 1978 un peso in my halves yesterday. |
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Mexican 1 Peso Buy
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