With the value of the Mexican Peso falling considerably I was thinking that buying Mexican coins for their base metal content would be a good idea. Some of their higher valued coins contain silver.
Has anybody invested in Mexican coins and are there any laws against taking coins out of Mexico?
If I were to do so, I'd only bother with the 20- and 50-centavo coins dated 1992-present (Cu 92%, Al 6%, Ni 2%). The other current denominations are steel or bimetallic.
Sorting Map 2010 First Finds Contest Are you a Buffalo Hunter? Wanna take seignorage away from the Fed? Spend *any* coins! We cannot afford this government. Cerulean's Standing Offer: $3/lb shipped for foreign coins
Ditto Cerulean's advice. You can find the 20- and 50-centavos in any coin dealer's bulk world coin bin. Plus, of all the Mexican coins in common circulation, those two are the least fugly.
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin
If the exchange rate is 15 pesos for every american dollar. Then each dollar would only get you 75 copper coins of the 20 centavo. You are better off sticking with good ol lincoln copper pennies as you'd get 100 of those per dollar.
Collecting Mexican Coins for their Base Metals
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Posted - 02/15/2009 : 16:28:34
