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<p>[QUOTE="whstler, post: 1108160, member: 29346"]Hi jcakcoin. </p><p> </p><p>Since I seem to be the one who wrote most about purity, perhaps you are referring to my post, but I am not sure what you are asking. I will attempt to answer what I think you are saying, but if you are asking something different, please let me know. On the other hand, if you are asking someone else something, perhaps you could clarify. </p><p> </p><p>People everywhere seem to be hoarding silver (and gold) somewhat. But some people have been hoarding a long time here in Guadalajara and are ready to sell. So, every week, when we walk among the cambios (money exchange houses), we find new coins that the cambios have purchased from willing sellers. I think it will be quite awhile before silver is difficult to find here in Guadalajara, because hoarding here is less common than in USA or Canada or many other places. </p><p> </p><p>Mexico is the second largest producer of silver worldwide, I think, which means that el Banco de Mexico should have no problem acquiring the silver they need to produce their silver bullion coins, the Libertad. Occasionally, they mint other pure silver coins, as well, usually in commemoration of an historical event. I am not aware that el Banco de Mexico bothers to acquire old coinage to extract the silver content in order to use that silver for new coins, though if people turn in their silver coins, the bank will pay them the face value of the coins, which is far, far less than the spot price of the silver content. </p><p> </p><p>There is so much silver in all forms here in Guadalajara that we can wander the downtown area (and other parts of the city) and find cambios willing to sell silver coins and bullion rounds for less than spot price, though some will charge a bit of a premium for some of the proof commemorative coins, or for very old and rare coins. </p><p> </p><p>I hope I have answered your question. If not, or if you were directing your question to someone else's comment, perhaps you could clarify for us. Thank you.[/QUOTE]</p><p><br /></p>
[QUOTE="whstler, post: 1108160, member: 29346"]Hi jcakcoin. Since I seem to be the one who wrote most about purity, perhaps you are referring to my post, but I am not sure what you are asking. I will attempt to answer what I think you are saying, but if you are asking something different, please let me know. On the other hand, if you are asking someone else something, perhaps you could clarify. People everywhere seem to be hoarding silver (and gold) somewhat. But some people have been hoarding a long time here in Guadalajara and are ready to sell. So, every week, when we walk among the cambios (money exchange houses), we find new coins that the cambios have purchased from willing sellers. I think it will be quite awhile before silver is difficult to find here in Guadalajara, because hoarding here is less common than in USA or Canada or many other places. Mexico is the second largest producer of silver worldwide, I think, which means that el Banco de Mexico should have no problem acquiring the silver they need to produce their silver bullion coins, the Libertad. Occasionally, they mint other pure silver coins, as well, usually in commemoration of an historical event. I am not aware that el Banco de Mexico bothers to acquire old coinage to extract the silver content in order to use that silver for new coins, though if people turn in their silver coins, the bank will pay them the face value of the coins, which is far, far less than the spot price of the silver content. There is so much silver in all forms here in Guadalajara that we can wander the downtown area (and other parts of the city) and find cambios willing to sell silver coins and bullion rounds for less than spot price, though some will charge a bit of a premium for some of the proof commemorative coins, or for very old and rare coins. I hope I have answered your question. If not, or if you were directing your question to someone else's comment, perhaps you could clarify for us. Thank you.[/QUOTE]
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