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 Replies: 15 / Views: 4,617 |
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Pillar of the Community
United States
548 Posts |
Having my biz near San Antonio, TX not that far from the border, I get a fair amount of older, silver coins from Mexico. I'm sensing that the Mexican coin collecting community is much more interested in the rarer varieties than in these common silver ones. Before I make a foolish move and get these melted, I'd love ya'll opinion on their collect-ability. I fear my opinion could be slanted due to the border's proximity.  Here's one.  I'll upload a few more in a bit. |
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Pillar of the Community
 United States
548 Posts |
Here's a few more:     Nothing particularly rare, although some in AU to MS condition. Most F to XF. What thinks the collective? |
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Pillar of the Community
1028 Posts |
In general, a coin probably shouldn't actually be melted. I'm fairly certain you'd be able to sell these for a little over spot, especially considering the hispanic clientele one might get at San Antonio. Some scrap yard will give you way less than spot.
Being from California with somewhat similar demographics I know I've seen these silver mexican coins sell for at least spot on craigslist.
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Pillar of the Community
United States
548 Posts |
Yeah, I'd think so, too.
I'm actually a bit outside of San Antonio, and folks have to drive to get to my place to buy the coins. I'm getting some resistance to that, unfortunately.
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Valued Member
Australia
278 Posts |
Wow!
I like the look of them!
Now I want to get a mexican collection happening, let me know what you would want for them and to post to Australia.
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Rest in Peace
United States
1729 Posts |
There are any number of collectors of Mexican coins - like myself - would would buy them to fill holes in a collection.
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Pillar of the Community
United States
684 Posts |
Check the olympic coins for low center ring and curved snake's tongue. Hold on to these and other MS. Do what ever pencils best for you with the rest. Unless you have tons, 0.720 silver is hard to melt, the onzas are easy.
Five or six years ago, when I was into bullion, I was talking to a guy at Heritage in BH. He totaly recommended coins vs bars. Easier to count and assay and lower cost... on the sell side you have smelting and assaying cost... on the buy side, drilling and assaying.
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New Member
United Arab Emirates
13 Posts |
I am sure that many collectors would pay a fair amount for these coins, specially with these beautiful pictures portrayed all over.
don't melt!
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Pillar of the Community
United States
548 Posts |
Thanks, folks.
Ya'll have given me pause to think about this. Great advice
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Valued Member
United States
110 Posts |
I think that the better coins will bring enough of a premiium over melt that that you could make some money on them. A quick glance at ebay shows the peso's are going for $30 in AU and up to $60+ for a slabbed MS. |
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Valued Member
United States
321 Posts |
Hesgut and Lobby,
I live in San Antonio and I'm sorry to say those are spot silver coins if that. You can find those same coins in that condition at any coins shop or outdoor market in town. I say cash in at melt while the silver prices are high.
Oh, and just because they are Mexican coins doesn't mean people will pay a premium for spot silver around here.
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Pillar of the Community
United States
548 Posts |
Actually, I went to a particular coin story in San Antonio today, and he offered to buy all I had at 100% of spot. Said he had customer lists that routinely paid him 150% to 200% of spot. I was surprised. And glad. And a bit jealous.  |
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Pillar of the Community
1028 Posts |
Quote:
I live in San Antonio and I'm sorry to say those are spot silver coins if that. You can find those same coins in that condition at any coins shop or outdoor market in town. I say cash in at melt while the silver prices are high. I never said these were numismatic gems or anything, but I have personally seen coins just like this go for spot or more. You say cash in at melt...I assume you mean melt the coin for their silver value as that's what the OP's question pertains to and you don't seam fond of selling them as coins. A scrap yard is gonna give you a terrible value for these coins. There is no way that's the better deal, plus I just don't think a minted coin deserves to be melted, except by the mint. Edited by hesgut
12/15/2011 12:31 am
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Pillar of the Community
United Kingdom
1682 Posts |
You are very close to be a member for 90 days, so I would say if you want to part with some of them, offer them for sale or trade on the forums here.
Ken
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Pillar of the Community
United States
548 Posts |
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Pillar of the Community
United States
1391 Posts |
Yeah, I wouldn't mind picking up a few for the right price. I have a growing collection of Mexican coins.
Edited by allranger
12/15/2011 11:32 am
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Replies: 15 / Views: 4,617 |
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Posted 12/12/2011 9:11 pm
