| Author |
 Replies: 8 / Views: 2,957 |
|
|
Valued Member
United States
103 Posts |
Why are mexican gold pesos cheaper than most pieces of gold....is it because of the demand for them, or something else?
I really like the coins, and I think they are great options for smaller pieces of gold. Unless there is something that I am missing...
|
|
|
|
Pillar of the Community
United States
3184 Posts |
I like them too, but they just aren't as popular as gold eagles, maples, or krugs
|
|
Valued Member
United States
287 Posts |
They are some of my favorites too!
People these days prefer even troy ounce or 1/10 1/4 1/2 fractional coins, over the odd coins you have to look up and use a calculator with!
|
|
Valued Member
United States
172 Posts |
just saw some of these at the coin store today.....deffinitly nice looking coins, but I agree with what jimineez said you really have to have a calculator with you to come up with exact gold value due to the weird gold weight of the coins that I believe go into the 1/10000 deicmals (example being the 20 peso gold coin with the gold weight of .4823oz as opposed to a half ounce eagle).....not to mention most americans prefer to collect american coins over foreign just because....i stick with the eagles and fractionals just because of the ease of determining gold weight...if I would just take them time and figure the weights out I would save on the premiums by buying the pesos and other golds from turkey, mexico, south africa, etc.....
|
|
Rest in Peace
United States
9104 Posts |
As you guessed, popularity. Pesos used to be one of the big sellers, along with 100k/c, sovereigns, 20 francs, four ducats, $20 US, and a couple others.
The krands came out, eliminating lots of math, and quickly becoming the most popular bullion gold in the world.
When the US decided to make bullion gold, they realized they couldn't compete with the krand popularity, so they made it illegal to import krands. A few months later, they released the AGE, which "just happened" to have stats identical with the krand, including a purity different from all other US gold.
For years, krands traded at a discount, with some people thinking they were illegal to own. Eventually, people figured out gold was gold, and the discount disappeared.
|
|
Pillar of the Community
United States
3670 Posts |
I think it is a shame that so many steer clear of these great foreign coins, simply for the calculation factor.... Like me, I love the insignia designs on the back of the Ducats or German gold mark, the cavalry soldier on the back of the Sovereigns and the warrior lady on the Britannia's, the great instruments on the Philharmonics, the local wildlife on the Aussie coins, and finally the Eagle with a serpent in his mouth on the back of the 5 Peso. My point, in time I would like to add an example of each of the above an beyond, be it a silver or gold coin of many different sizes, from many different country's.... Finally, ever once in a while I see a Mexico 5 peso end on ebay for around 190, and how can you complain about a great gold coin with history still in un-circ condition, which contains 4.2 grams of gold for that price? Eagles go for same amount, at 3.18 grams of gold.... Seems to me, stock piling gold in this fashion above, would be equal to you silver heads piling up the 90% pre 64 silver.... Edited by Silverhawk74
05/21/2011 2:11 pm
|
|
Rest in Peace
United States
9104 Posts |
Many of the Mexican coins are restrikes. Before 1974, there were constantly-changing laws on holding gold. Some of these included "collector coins" being dated before 1960.
Thus, restrikes of Mex coins dated 1945 or 1915 ducats were legal to own, but not 1967 $100 Canadian Centennial proofs. The Canadian coin is now legal. Purty coin.
|
|
Pillar of the Community
United States
830 Posts |
Fred are there many fakes out there?
|
|
Valued Member
United States
324 Posts |
What is the best way to determine if a 1945 dos pesos is a restrike or not?
|
| |
Replies: 8 / Views: 2,957 |
|
Posted 05/14/2011 7:00 pm
