Mexican Gold 50 Pesos?

If I can buy some 50 peso coins for $10-15 over spot and then resell them later for a similar small premium, that would be good. OTOH, if gold moves up strongly, I will not care about the premium.

There is absolutely no problem at all selling larger gold coins, including the 50 Peso (1.2057 AGW). Any dealer buying and selling gold and silver will have a buy and sell price listed. Check APMEX, Tulving, Gainesville, and a bunch of others. If you can afford the larger coins buy those as the premium is smaller, so you get more gold for your bucks.

A 1912 20 peso coin jumped into my hand in the winter, at the same time I decided to pick up the 1925 2 peso silver commemorative since it has the same design of the eagle and the snake. Great design, with the snake getting ready to fight the bird off even though its caught in the Eagles beak. NEVER SAY DIE!!!

I would have no reserves about picking up any North American gold coinage, as long as the premiums are reasonable.

Oh, you know that I'll definitely post pictures if and when I purchase any. I'm not planning on buying any more gold unless and until it drops below $1500, though.

BarryG - I really have been eyeing this particular gold piece myself. I just haven't pulled the trigger yet. I kinda regret not buying a 1943 at a coin show for a litle over spot but these come and go.

Try to snag a 1943 if you can.


In terms of scarcity, the 1943 coin is unique and also rare, with a mintage of 89,000 coins. Other low mintage years were 1931 with 137,000 coins and 1921 with 180,000 coins.

Source: http://coins.www.collectors-society...w.aspx?s=299

That could well be the case, IGE. Do you think that we have already seen the 2012 lows for gold prices?

Crazy side note, I saw 3 NGC Graded MS60 $20 Libs go for $1,500 each today at auction. I didn't have the cash to buy all three or I would have though the guy that won them was over paying on everything else. He paid $29 per for a bag of 57 Morgan/Peace Dollars def nothing special.

Yes, it does. I think that it dropped into the $1520s very briefly but the $1550-1560 area was fairly stable for a bit.

I agree that more useless QE will push up the prices of stocks and PMs. This is called inflation, not growth. It is unfortunate that the Fed seems either unable or unwilling to discern the difference. This QE business is really torquing me off. It isn't working because it is not addressing the REAL problem in the economy, yet the Fed is like a dog with a rag in its teeth and just will not let go.

As for myself, I plan to hold my stocks and mutual funds until QE3, or whatever they will choose to call this iteration, and then sell the whole shebang and go to about 75% cash and 25% PMs. I will wait out the market because it is working on another dive, IMHO.