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Mexicano Dos y Medio pesos ( that's 2-1/2 Mexican bucks for those of you in Rio Linda, Ca.)
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<p>[QUOTE="mostly_broncos, post: 2658005, member: 23538"]The 2 1/2 peso coins are a great way to buy gold , the closer you can get to melt the better. I'd buy them over any of the 1/10 ounce bullion coins . I've never seen any fakes , the fake mexican gold that gave off the bad vibes to people was the stupid mini maximillian pesos that were sloshing around ebay 4 or 5 years ago. The foolish things were made in someones bathroom , it was pretty easy to tell they were not real just by looking at the picture . 22k gold HGE was how they started describing them after a while </p><p><br /></p><p> if you have enough cash to get coins in the tenth ounce range go for the 5 peso or half sovereign . Maybe even a ducat restrike. </p><p><br /></p><p> as a small time seller , when its time to get out of the coin its best to assume you will never recover any premium over spot . Dealers love charging you premiums when you buy but if you walk back in with your premium coin and try to sell it back to them and see how it works. Bring your blood pressure meds , you will need them.</p><p><br /></p><p><br /></p><p><br /></p><p>Any way the math on premiums has always been fantasy . If gold doubles the premium disappears , if time goes by inflation eats your lunch so that even if you get your 20$ premium back it won't buy a pack of tic tacs , or most probably the dealer will give you a line of BS about demand being low at the moment or get out the 50x loupe and find a tiny scratch on the reverse next to the toenail . The only time you see premiums go up is if spot goes down , which is very little comfort if you have seen the melt value cut in half.</p><p><br /></p><p>Buy liquid forms of beat up gold as close to spot as possible and sell the same way. The melt value of a premium is 0$ , the melt value of a slab is 0$, the melt value of a mint mark is 0$ , the melt value of a low mintage is 0$ . All that matters is the troy ounces .</p><p><br /></p><p>Don't overlook gold in the form of 14k gold wedding bands , I used to buy those for 5% back of spot from a local dealer before he retired a few years ago. They sell quite well on Ebay or locally. Plus if you ever have to leave somewhere in the dead of night you can put 50 of them on your toes pull you shoes on and hobble away with a few ounces of gold.</p><p><br /></p><p> Learn how to sell on Ebay , make sure you have a selling account up and running well before you need it. When the day comes to get out of metals you won't have to deal with 30 day holds if you need the money . Seriously even if you already have an ebay account , open another one and start building feed back on it. If you have 3 feedback and a 2 week old account you are not going to do as well as if you have a 10 year old account with a few hundred feedback[/QUOTE]</p><p><br /></p>
[QUOTE="mostly_broncos, post: 2658005, member: 23538"]The 2 1/2 peso coins are a great way to buy gold , the closer you can get to melt the better. I'd buy them over any of the 1/10 ounce bullion coins . I've never seen any fakes , the fake mexican gold that gave off the bad vibes to people was the stupid mini maximillian pesos that were sloshing around ebay 4 or 5 years ago. The foolish things were made in someones bathroom , it was pretty easy to tell they were not real just by looking at the picture . 22k gold HGE was how they started describing them after a while if you have enough cash to get coins in the tenth ounce range go for the 5 peso or half sovereign . Maybe even a ducat restrike. as a small time seller , when its time to get out of the coin its best to assume you will never recover any premium over spot . Dealers love charging you premiums when you buy but if you walk back in with your premium coin and try to sell it back to them and see how it works. Bring your blood pressure meds , you will need them. Any way the math on premiums has always been fantasy . If gold doubles the premium disappears , if time goes by inflation eats your lunch so that even if you get your 20$ premium back it won't buy a pack of tic tacs , or most probably the dealer will give you a line of BS about demand being low at the moment or get out the 50x loupe and find a tiny scratch on the reverse next to the toenail . The only time you see premiums go up is if spot goes down , which is very little comfort if you have seen the melt value cut in half. Buy liquid forms of beat up gold as close to spot as possible and sell the same way. The melt value of a premium is 0$ , the melt value of a slab is 0$, the melt value of a mint mark is 0$ , the melt value of a low mintage is 0$ . All that matters is the troy ounces . Don't overlook gold in the form of 14k gold wedding bands , I used to buy those for 5% back of spot from a local dealer before he retired a few years ago. They sell quite well on Ebay or locally. Plus if you ever have to leave somewhere in the dead of night you can put 50 of them on your toes pull you shoes on and hobble away with a few ounces of gold. Learn how to sell on Ebay , make sure you have a selling account up and running well before you need it. When the day comes to get out of metals you won't have to deal with 30 day holds if you need the money . Seriously even if you already have an ebay account , open another one and start building feed back on it. If you have 3 feedback and a 2 week old account you are not going to do as well as if you have a 10 year old account with a few hundred feedback[/QUOTE]
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