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 Replies: 16 / Views: 2,564 |
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Pillar of the Community
United States
2661 Posts |
As these seem to sell from anywhere between $3.50-$8 each. The seller accepted my offer of $35, even though that is about $10 over melt I think I made a fairly good score, at least I am happy with the buy and that is what counts. So what do you guys think,  or  ? http://www.ebay.com/itm/33107599659....m1439.l2649Edited by Tim Stroud
12/01/2013 12:38 pm
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Valued Member
United States
137 Posts |
I think you did just fine. These are interesting coins, and "age" very handsomely. I have a collection myself. I find it curious that they made such a large coin with so little silver. Why not make something 90 % silver, but the size of a nickel, or some such?
For what it's worth, the local melters won't take these, at any price. They say the smelters want stuff that is at least 40% silver.
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Pillar of the Community
Canada
4911 Posts |
Feel free to call me Will.
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Pillar of the Community
Canada
2805 Posts |
I like these pesos... it's a wonder they don't turn brown!
I have an extremely debased .100 fine Ottoman silver coin... it's worn and tarnished, so it looks just like copper. Its melt value is under 10 cents!
And hey... $10 over melt with free shipping is not bad. I got mine for $2 as a single coin, and you probably have the full run of dates right there.
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Pillar of the Community
Canada
5417 Posts |
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New Member
United States
6 Posts |
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Bedrock of the Community
Canada
11922 Posts |
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Bedrock of the Community
United States
10045 Posts |
Quote:
I find it curious that they made such a large coin with so little silver. Why not make something 90 % silver, but the size of a nickel, or some such? I suspect it's Seigniorage--and the fact that citizens everywhere typically like that larger denominations have more heft--a visceral thing?  |
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Pillar of the Community
Canada
2805 Posts |
Yes, the Mexican peso was always a large coin, and there's some cultural inertia there... the copper-nickel peso that replaced this was only a little smaller, to be finally replaced by a quarter-sized stainless steel peso. Like the removal of silver, the downsizing of the peso was done in many small steps.
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Pillar of the Community
 United States
2661 Posts |
Quote:
.......and you probably have the full run of dates right there. Almost, just missing the 59, 64, & 67. |
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Pillar of the Community
United States
686 Posts |
I sold a bunch of these when silver was >$40. They are plated.
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Pillar of the Community
Canada
3692 Posts |
It's that size because the American economy and their crazy laws have a huge negative effect on Mexico. Mexico used to be a wealthy country, has great resources, and lots of biodiversity. Before this pitiful .100 fine coin, there were .500 fine coins just a decade before. Continual debasement persists to this day in every region of the world. I dread this coin, to be honest.
They do appear plated, I never thought about that. I'll confirm this with pictures some time. They are quite nasty to handle. Krause says they are .100 fine, which means an alloy. There no mention of plating, and in a place like Mexico, silver is pretty important (not as huge as oriental gold customs, though) so to see plating is quite odd.
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Valued Member
United States
156 Posts |
According to "A Guide Book to Mexican Coins," the planchets were dipped in a pure silver bath before striking. That is why unworn examples look so bright, while work examples look like the .100 billon they are.
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Pillar of the Community
United States
2661 Posts |
Well, like I said in my original post. Quote:
....I am happy with the buy and that is what counts. |
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Pillar of the Community
Canada
1823 Posts |
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Pillar of the Community
Canada
1823 Posts |
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Replies: 16 / Views: 2,564 |
Posted 12/01/2013 12:47 pm
