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 Replies: 13 / Views: 2,525 |
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Pillar of the Community
United States
548 Posts |
Would you rather have 4 Mexican 2.5 peso gold coins (4 * 0.0602 = 0.2408 oz),  or, 1 Mexican 10 peso gold coin (0.2411 oz)?  I'm trying to get at the question of many small coins, vs fewer large weight gold coins. |
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New Member
Canada
11 Posts |
Pretty much the same thing assuming they have the same fineness, gold value it is but intrinsic collectible value could be different.
Personally I'd go with the 4 2.5 peso (I would resell 3 to lower the cost to keep one :))
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Pillar of the Community
United States
667 Posts |
Since we are in a bullion forum I will answer this the only way that you ever should when it comes to speculation or investing. Buy the gold coin or coins that brings you the most gold value to the money. Avoid any extra premiums that you can.
There really isn't other answer when you are in a bullion forum. Your goal should only be to maximize your return and nothing else.
The other forums will look at the coins for collect-ability and fun part of collecting coins.
BTW neat gold coins.
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Pillar of the Community
 United States
548 Posts |
Yeah, I'm not interested in these from a numismatic perspective. Both the 2 peso and the 2.5 peso coins have been extensively used in jewelry in Mexico and along the U.S. / Mexico border. I've gotten many of them over the past few years.
The smaller weight coins seem to sell at a higher premium to spot than the larger coins.
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Pillar of the Community
United States
548 Posts |
Maybe another way to ask this question is, are you buying smaller denomination gold coins or larger?
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Pillar of the Community
Canada
1502 Posts |
if and only if for the exact same price, i'd go for the 4 2.5 pesos
without much knowledge of mexican coins, i'd still expect the 10 pesos to be cheaper though
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Pillar of the Community
United States
4008 Posts |
What I tend to do with a question like this is to check the current spot priced for gold coins of the sizes in question. Smaller coins will just about always have a higher per ounce premium than larger coins. The question then becomes, "Are there reasons why paying the higher premium is of sufficient value to you that it is worth paying it?". Once you have answered that question, you will know what to do.
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Valued Member
United States
306 Posts |
my vote is for multiple small, makes it easy to unload part of them down the road if you need to, rather than just one coin.
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Pillar of the Community
United States
648 Posts |
I would get both.  |
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Pillar of the Community
United States
7840 Posts |
Spock: Were I to invoke logic, however, logic clearly dictates that the needs of the many outweigh the needs of the few.
Kirk: Or the one.Star Trek II: The Wrath of Khan, 1982 I know, my geek is showing. 
Edited by oih82w8
11/19/2011 2:45 pm
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Pillar of the Community
United States
548 Posts |
Not to worry. Hearing and remembering "were I" instead of "if I was to..." is wonderful grammar for us to study.
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Pillar of the Community
United States
548 Posts |
Here's a pic of the three 2.5 peso coins I have. I've been playing with the camera all day and finally managed one good one. Whew!   "Dos y medio" on the left side of the obverse translates to 2 and one half. |
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Pillar of the Community
United States
931 Posts |
I would go with the half ounce. Just as easy to sell, and if I had to sell for an emergency I would probably need a thousand dollars anyway. The extra premium for the smaller coins would eliminate them as a choice for me.
I did, however buy a one-eighth ounce Gold Indian Quarter Eagle because the price was right, it was a rare year, it was graded, and the price was right. If you like the smaller coins then by all means buy them. You should invest in gold coins that you enjoy, because you may need to hold them for a long time to make a profit on them at a time when you need or want to sell.
For me, I buy gold coins because I believe in the investment quality of gold with regards to the current economy and my belief that when the dust settles the dollar will take a beating. Therefore I am never worried about needing to sell them, because I always keep enough cash on hand to hold the gold without an emergency liquidation becoming necessary.
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Pillar of the Community
United States
4008 Posts |
Quote:
For me, I buy gold coins because I believe in the investment quality of gold with regards to the current economy and my belief that when the dust settles the dollar will take a beating. Not only that, Junior, but we have about 98 years of dollar history to look back on since 1913 and we can see that the dollar has been clobbered by inflation since that time. There is no reason whatsoever to think that this will change any time soon... unless we suddenly come out of our financial coma and realize that using unbacked money takes a HUGE amount of financial power away from US citizens and hands it over to the privately owned Federal Reserve. We can all see how well this is working out.  |
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Replies: 13 / Views: 2,525 |
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Posted 11/17/2011 9:34 pm
