Mexican Silver coins?
I have 7 mexican silver coins want to know how much would they give me at a coin dealer or where can i get the most money thank you
1. (1) 1949 Casa De Moneda De Mexico Ley 0.925
2. (1) 1978 Cien Pesos Ley .720
3. (1) 1960 Diez Pesos Ley .900
4.(1) 1944 Un Peso Ley .720
5. (1) 1945 Un Peso Ley .720
6. (1) 1968 Juegos de la olimpiada mexico Ley .720
7. (1) 1945 50 centavos Ley .720
and they all have the ( M) dont know what that means thank you
Unless these are all brilliant luster Mint State condition, all they are worth is the silver in them. Most dealers do not deal in or know foreign coins very well, so they tend to discount them more heavily than they do US silver coins.
I'll give you the total weight of Pure silver for the lot (the 1949 is exactly one Troy ounce and is routinely traded as a bullion coin), plus what to expect from a dealer offer.
You 3.9645 Troy ounces of pure silver in coins as issued. If they show a good amount of circulation wear, they've lost some of their weight. Let's say 3.9 ounces. At current 'melt' price, you have about $160 in silver. If you were to sell it as a single lot on eBay, you might get close to that, and you'd get a little more, maybe $10 or so, if the coins are uncirculated. But you would lose 12% of whatever you get to fees.
A dealer would probably offer $130. Dealers who know the market for foreign silver coins would pay more, because they have buyers looking for them, so they're not tying up their money. The other dealers are scrapping the coins.
In the current economic climate it is vital to get the most you can for your buying dollars. So there is certainly no good reason to pay too much for when there is thousands of them now available on eBay. Plus, eBay is about the biggest and most trustworthy web based buying sites in the world. This site is sanctioned by eBay to make it easier to uncover the you are searching for and display them to you. If you can not notice the searching for directly below. Use the query feature on your right, or use one of the latest queries in the list.
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Few people that have analyzed the current level of federal spending and the entailing deficits that are projected for the foreseeable future, would argue that inflation is a necessary consequence of the ballooning national debt that is being accumulated. Whether this inflationary trend might repeat the gloomy days of the 1970's is unclear or whether it might even exceed them is unknown. What is certain is that individuals that do not adequately prepare for this could see their savings lose even more value.
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Silver might be thought as a poor's man gold, but its value should not be underestimated. At $15-$20 an ounce silver coins are affordable for almost anyone and the lower price while limiting the huge upsurge seen in gold, can likewise guard against the probability that its price will similarly swing in value. Different formulas have mapped the relationship between gold and silver, and it seems at present that silver is undervalued to some extent. This may provide an opportunity to invest. If the 1970's are any indication, inflationary trends do raise the price of silver. At its peak, silver was valued at $50 an ounce.
The other benefit to silver as well as other precious metals is the simple fact that you have something tangible in your possession. Silver is easily liquidated and easily purchased. The variability of stocks and makes having some silver in your portfolio something to consider especially in an era when paper stocks are increasingly worth less than the paper and ink to print them.
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