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 Replies: 38 / Views: 5,901 |
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New Member
United States
7 Posts |
Hello and Good morning! I am here in search of help... I went to the swap meet this weekend and saw this guy selling these coins for a dollar each.. people had hands full...
I took a chance and bought the tray!
Now I'm Antique dealer and buy and sell Silver
but I have never bought coins
.. I have 204 Silver Mexican coins.. some date back to 1872
and over 8lbs of Silver
Now I just don't know what is best... I want to be smart and make the most of my money.. thus why I'm here.
Please tell me what to do and where to go..what is the best thing to do with these coins.. Most of all I hope I make my money back!
I thank you in advance..
Lily
I tried to post pics.. but it didn't work. Edited by lily
05/17/2010 1:18 pm
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Pillar of the Community
United States
2605 Posts |
Hello, Lili, and welcome. At this volume and the price I'd be worried about the authenticity of the coins. You do need to post some detailed pics and give us the measurements. Good luck!
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Pillar of the Community
United States
2764 Posts |
Welcome to the forum. First of all, you need to sort them out by dates/years, mint marks, denominations. Second, go get a Mexican coin catalog or a world coin book (doesn't have to be new, if you just need to know the silver content); or you can search online for Mexican coin catalog that will show you the silver content of each coin and probably the selling/asking price for each coin. Third, you will need to learn and be able to grade each coins correctly (unless you want to sell them by silver spot price). Lastly, try to sell them to the right market/buyers ( ebay is one of the market, but make sure you consider their fees). The above are just a generic solutions - wait for others' inputs. Edited by SA4H
05/17/2010 1:29 pm
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New Member
 United States
7 Posts |
Now I'm kind of worried..I did not buy so well.
I have an email, if you can write me and I will send you pics.. and what ever else you need to know.. I keep trying to post pics here but it does not work
Trust me.. I know nothing about coins,I only knew they are silver..
I hope to make back my original 200 dollars
--E-mail address removed to protect from spammers.
I truly appreciate the help..
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New Member
United States
7 Posts |
I have 9 coins 1872
and 6 coins 1882, 10 coins 1910, 29 coins 1968, 20 coins 1951, 27 coins 1959 and 103 coins 1947
I do not understand all the markings
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New Member
United States
7 Posts |
Excuse me, but What is Silver Spot Price?
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Pillar of the Community
United States
968 Posts |
If they are really silver then you've probably done ok. If you are having trouble posting images here maybe you could upload them to a Photobucket account (or any other image hosting service) and provide a link here.
By the way, silver is around $19 per ounce now.
Edited by Saruma
05/17/2010 1:42 pm
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Pillar of the Community
United States
4212 Posts |
Sounds like you might have some .100 in there. Cenavos, pesos?
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New Member
United States
7 Posts |
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Moderator
 United States
6563 Posts |
 I do believe you've been had. All of these are quite questionable. Have you held a magnet up to any of these because I seriously doubt there's any silver content in them. |
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New Member
United States
7 Posts |
So if a magnet sticks to them they are not real right?
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Moderator
United States
6563 Posts |
Quote:
So if a magnet sticks to them they are not real right? One test of many but these look quite fake to me. When buying Any coins always be extremely familiar with the real thing so that a fake will always stand out. |
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Valued Member
United States
300 Posts |
Right, if the magnet attracts a coin,it's not Ag. IF the coins are legitimate, some of the ones you posted would be worth at least a $1, actually more than that, I'd be asking myself why someone would be selling them for only a $1 a piece
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Valued Member
United States
323 Posts |
I hope the test comes back negative
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New Member
United States
2 Posts |
Just Remember If It Sounds Smells Looks too good to be True It Usually Is.
Its A Shame People Try To Take Advantage Of People But Counterfeit Coins Are Popping Up At an Alarming Rate As Silver Prices Rise We All Need To Be On Guard !
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Pillar of the Community
United States
968 Posts |
Unfortunately because they are Mexican coins I don't think any US laws were broken. If those were counterfeits of US coins you might be able to scare the seller into giving you a refund by threatening to contact the secret service. |
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Replies: 38 / Views: 5,901 |
Posted 05/17/2010 1:29 pm
