My first bullion coin

Discussion in 'Bullion Investing' started by Collector1966, Sep 4, 2017.

  1. Collector1966

    Collector1966 Senior Member

    The first bullion coin I ever bought was a Mexican 2 peso gold coin (1945, of course) that I paid a whopping $3.25 for from an ad in the August 1969 issue of CoinAGE magazine. If I could have spared an extra 70 cents, I could have bought the 2 1/2 peso instead. Today, the buying price for that 2 peso coin is around $63, while the 2 1/2 peso is fetching around $78.
    ColonialCoin4 and longnine009 like this.
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. spirityoda

    spirityoda Coin Junky Supporter

    let see a pic of it :snaphappy::)
  4. Collector1966

    Collector1966 Senior Member

    LOL! Unfortunately I sold it and a few other coins a year or so later because my mom convinced me it was better to have a US savings bond. Or maybe it was Batman

  5. Argenteus Fossil

    Argenteus Fossil Active Member

    If your numbers and dates are correct and accurate (no reason to suspect otherwise), then the 2 pesos has achieved an average rate of return over the 48 years of 6.37%. The 2 1/2 peso coin has achieved 6.41%.

    Based on: $3.25 and $3.95 cost, 48 year holding period, ending values of $63 and $78 respectively.
  6. Collector1966

    Collector1966 Senior Member

    I still have the magazine that had the ad. The official price of gold was still $35 in those days, and the 2 peso only has about 1/20 ounce of gold, so the value of the gold in that coin at that time at the official price was only about $1.70. But the world price was a bit higher.

    Anyway, it's pretty interesting to go back and look at the prices of some of those coins and see how they've changed. Not only gold but lots of other coins have gone up since then, of course, but there were also a few bombs, like the 1950-D nickels and most 1955 coins that were hyped back then but haven't moved much in the nearly 50 years since.
  7. Argenteus Fossil

    Argenteus Fossil Active Member

    I find it interesting as well. I've considered purchasing a set of Red Books or some other consistent guides going back every 5 or 10 years or something just to look at how things have changed over differing time periods.

    EDIT: Thanks for making this post.
  8. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    Great coins, those small Mexican golds.
    20170109_091316-1.jpg 20170109_091249-1.jpg 20161126_121322-1.jpg 20161126_121024-1.jpg
    mpcusa and spirityoda like this.
  9. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    They make great gifts as well. I recently bought my daughter Molly her first gold coin for her 9th birthday. A 2 peso.
    mpcusa likes this.
Draft saved Draft deleted

Share This Page