gold pesos

I have been collecting silver only but was looking at buying some gold. I dont have the money to buy the large stuff wich I know is the most bang for the buck. I found the gold pesos(1900-1955) from the 2-10 pesos range on apmex website. My questions/concers are would they be easy to sell if i need money in the future and why isnt everyone buying them since they are cheaper? I know they are 90% and not the .999 like the eagles or maple leaf,but just seems to me that more people would buy these. Oh im buying for future investment not for a quick turn around profit. Any help advice would be appreciated.

 

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There simply low premium gold bullion. I could see buying the Dos Pesos or Dos Y Medios for someone with limited funds that wants some gold I guess. In fact I've bought a few in the past when the price was right. Although keep in mind when you sell your mostly selling for spot or back of spot depending on dealer/personal sale, etc.

For the smaller coins I'd personally buy 1/20oz Maples or Libertads or other low premium bullion gold over the smaller Pesos myself as the premiums are similar. If you can afford to buy the 5 or 10 gold Pesos you can afford much better bullion coins and I'd avoid the Pesos altogether unless you're getting them for spot or something.

That being said there are some numismatic dates of the Pesos but they're rarer and tend to come with higher premiums. But the common dates and restrikes pretty much just trade as bullion as you're seeing on Apmex. For future investment with generic bullion you're pinning your hopes that gold goes up significantly. I think in that instance you'd be better off saving your funds and going with some type of gold with numismatic value over generic bullion.

 

So Maples or Eagles from 1\20 or 1\10 would be the better route? Also do you think i should just stick with silver instead? Again im doing this for future invetment. I personally dont think my 401K will be around or worth anything when i get to actually cash it in. Im 36 with a long way to go. And thank you

 

I thought about the gold pesos, but decided against it. Why not save a little more and get some pre 1933 gold? Gold Indians can be had for a decent price. Just buy from a reputable dealer. Or The 1/10 oz AGEs. Those are always affordable.

 

I bought two 1\10 gold maples last week then found the pesos,thought maybe i made a mistake. But from what im reading and what y'all have told me looks like I made the right choice. This is my first venture into gold and just seems weird to have this small coin compared to my silver eagles. Just wasnt sure either if the 1\10 and 1\20 coins were worth buying.

 

I have always liked the purity 9999 of the gold maple leafs. of course it cost way more to make the smaller sizes. the 1/20 coins get way expensive.... many people buy them for jewelry driving the price higher.

 

Well since I have this can of worms open. What if any is the advantage of buying the 1/20 over the 1/10? I know diversity is good but Should I just stick to the 1/10? I want to get my count up in gold but don't want to waste time on something not worth while.

 

I've got (3) of the 2 peso Mexico 1945 coins. Of course, gold is hideously overpriced (75:1 - silver:gold), so the smaller coins are appealing just to add to your collection. Issue is the size: hard to find 13mm capsules (finally did). I'd suggest the smaller coins just for variety's sake. Heaven knows we have enough 1/10 oz and 1/20 oz AGEs being mass produced, so what is special about them?

 

I blew it on the 1/10 AGE's last week over the weekend, someone on Ebay had them at something like $115 or so each. The bigger piece you can afford, the less premium (as a percentage) you will pay. Just figure out what you want to do with them in the future.....I've been picking up 1/10 AGE's building a date set when I can get them cheap at my LCS or on ebay. Have about 15 different years. Also have a gold type set and love the pre-33 gold. Haven't bought much 1/20 stuff as the premiums are just CRAZY. If you have the itch to buy gold, just save up for 2-3 months and minimize your premiums........good luck. Silvers fun stuff too!

 

I would NOT collect bullion by the years ever. bullion is bullion. when you go to resell it it will be just the bullion price. why people pay a premium on silver pandas is beyond me. now if you buy numismatic gold then you have gold and numismatic value to that gold.

 

As an alternative, I found myself accidentally building a collection of Indian quarter eagles. In XF/AU they are affordable, even more so "cleaned" and there's only one true rare date (1911-D), and the entire set is only 16 coins. It's a set that can be completed with a modest budget - assuming you have a budget that supports gold coins.

It started as a safe and affordable way to collect gold coins - I'm able to verify them in a TPG database to at least know they are authentic - and then I can judge the coin's appearance and learn about them. Some really nice looking ones that are unfortunately "cleaning / details" graded which keeps the price low.

I am building a "details" set of AU/UNC, and when you're lucky you can find them for a small premium over melt - and carry good numismatic value with them.

I figure it's a start on gold if I decide to move towards the bigger denominations, and meanwhile it's a really neat set with great eye appeal and they are US coins.

The reason I'd stay away from foreign sets is due to the fact that it's hard to sell them above melt if you have to liquidate. US coins are always highly sought after. If you're patient you can always get good market value, and if you're holding as gold store - the value will go up as well as the premium since they aren't making them anymore.

 

I like the two and the 2 1/2 peso gold. I buy quite a few of them. Many, many people buy them. The 1945's are restrikes and for all I know they are still producing them today.

 

David, you are right. I forgot to mention that; all of the 2 peso coins, as far as I know, are dated 1945 regardless of when they were minted. Still an attractive (and affordable), assuming you've got decent eyesight! I have a few as a niche coin (and to up the number of gold coins I have....)

 

thanks guys, I think I will stay with the 1\10 maples and eagles. Just hope that i can get a few before the price skyrockets!

 

Rugerr1, Always go with the coins you like the best. I think that is the the #1 factor in what you choose to collect.
Do keep in mind that smaller coins cost more (per ounce) than larger coins. (10) 1/10 AGE BUs cost about $1200 while a single one ounce AGE BU is about $1120 - you save around $80 buy buying the larger coin (almost another 1/10 AGE...). That is, if you are collecting them as bullion and the melt price is a factor in your choices. And of course, a gold bar is another $30-40 less per ounce.
But always do what you want, not what people like me advise...

 

AndrewDS1,thanks for that advice. I want to buy the larger coins but have this gut feeling the price of gold is going to go up along with silver? Maybe I read too many news stories and it has gotten me concerned. That is why I was buying the 1\10's,the way I look at it is some would be better than none. The 1\20 how ever just seem too much money. But please keep the advice coming, I like to get a lot of opinions it helps .

 

I would stay clear of the 1/20 and 1/25 sizes price wise. go a head and get a few Mexican 2 pesos just for fun... they are affordable...and fun to have a bunch of them

 

here's those Mexican gold coins post #98 link: https://www.cointalk.com/threads/post-your-old-gold.200724/page-5
you can see my small gold coins in posts #92-93 of which the premium on this coins was way high, but since I collect "coins with insects" I had to get those.

 

Thanks for shareing they are amazing!, I do have one of the 1881 Five Dollor coins,it was my grandmothers, She had it made into a necklace. I had the local coin man in my area look at it and he said it was in XF condition. I think that is what got me onto gold from my silver fix. As I have gotten older I never would have thought how much I would enjoy something like this. I m not buying these from a collector stand point but do enjoy learning about them and the hunt for my next new addition!

 

I sold all my silver bullion 20 0z's to buy world coins at my last coin show in Las Vegas.