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wagsthadog
Penny Hoarding Member
USA
565 Posts |
 Posted - 12/14/2008 : 00:08:34
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Hi all-
I feel embarrassed that I didn't know this earlier, but I found out that Mexican 100 peso coins have silver in them- about the size of a US quarter's worth!
Might be worth it to take a weekend down there and convert a couple hundo in US currency into those coins?????
(Not more than you can conveniently carry in your pockets, though. I understand the "policia" down there have their own agenda.)
wags
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Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/14/2008 : 00:44:35
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do 100 Peso's commonly circulate?
I don't know of any modern coinage in circulation that contains silver. Can you pass along your source to us all? I'd love to find out more, I'll be down near the boarder in a couple months. |
"May your percentages ever increase!" |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 12/14/2008 : 20:23:43
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Hi there-
Sure~!!
You must be logged in to see this link.
If you're truly going down there, let me know how it goes; maybe I'll scoot down there!
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/14/2008 : 20:39:22
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Ok, Am I reading this right?
10pesos. has approx 1/6oz toz of silver correct?
And the exchange rate You must be logged in to see this link.
So wouldn't this make for a $6 spot price?
Or I may be stupid. |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 12/14/2008 : 21:11:24
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Hi there-
Oops- I accidentally typed an extra zero- I meant that the ten pesos has about a quarter's worth. I guess the 100 pesos has even more silver!
But, the 100 pesos might not be cost-effective in the US-peso exchange rate.
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 12/14/2008 : 21:30:00
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| Well, if 10 pesos = $0.75 USD, then the sterling variety 10 peso coins would be $4.50/ozt silver. If that's the case, something tells me there wouldn't be too many of the silver variety circulating (notice they say there are two varieties...sterling and copper/nickel/zinc). |
Nate
The Copper Cave
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 12/14/2008 : 21:45:13
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| Interesting and helpful link on composition of mexican coins. I don't know what circulates as I've not been in Mexico for quite a while. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/15/2008 : 00:02:08
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I have some of the 10 peso silver coins, as well as some of the old 1 peso silver coins. I also have 25 peso silver coins they did for the 68 Olympics in Mexico. I have never been to Mexico. The current circulating 10 peso coin is copper-nickel.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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EZ_Money
Penny Pincher Member
USA
125 Posts |
Posted - 12/15/2008 : 08:44:14
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| The 10 peso coins changed in 1997 containing no silver. Until 2000 the 20 peso (1/4 oz) and 50 peso (1/2 oz) still contain silver but they are very hard to find. The new 100 peso coins are commerative coins and usually have a steep mark up and only contain 1/2 oz. The 100 peso is the only coin still made with silver. You can find all the coins here. You must be logged in to see this link. |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 12/15/2008 : 13:00:36
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quote:
Originally posted by EZ_Money
The 10 peso coins changed in 1997 containing no silver. Until 2000 the 20 peso (1/4 oz) and 50 peso (1/2 oz) still contain silver but they are very hard to find. The new 100 peso coins are commerative coins and usually have a steep mark up and only contain 1/2 oz. The 100 peso is the only coin still made with silver. You can find all the coins here. You must be logged in to see this link.
As a foreign coin enthusiast, I can attest that this is the most correct statement in this thread on the topic of circulating Mexican silver. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/15/2008 : 18:08:24
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| Dangit... Ty for the info though.... Cancelling my flight now. :) |
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Mexico has silver in its circulating coinage
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