I'm drawn to silver. Not only is it a wonderful hedge against inflation, but it feels good. I like its heft. As of late I've adjusted my investment away from pure silver rounds and bars to the currency of Old Mexico. Vintage Mexican coins contain anywhere from ten to ninety percent silver. Always check before you buy.
The beautiful old coin pictured was minted in 1952 and contains (as you can well see) .72 percent silver, or at today's current spot, just over eleven dollars worth of silver. Adjust for Numismatic value and you have a twenty dollar (or more) coin. This coin was minted in Mexico City as indicated by the mark, Mo. Its weight is just over 27 grams. An ounce of silver weighs 31.1 grams.
Here's a
link for the silver conversion tables of Mexican silver coins. If you'll scroll down the link you'll also find tables for other countries as well.
As long as silver remains below thirty dollars an ounce I'm a buyer. Trust me, one day you'll wish you had a small leather pouch filled with silver.
Have fun.
Stephen
Useful & informational. Thank you, sir.
ReplyDeleteMy pleasure...thank you.
DeleteYep silver is the way to go. No one will ever be able to make change off of gold.
ReplyDeleteDon't worry, Bubba, I'll give back change for a ten...
DeleteGood information & Thanks for the calculator link!
ReplyDeleteThanks, and you're welcome.
DeleteHandsome coin. I still find silver coins in my cash drawer at work occasionally. I average 1 silver dime every 6 months. Have found silver quarters as well, and once some idiot coworker dropped a Peace dollar in the drawer.
ReplyDeleteI think that the Mexican silver pesos are the coins that the Navajos used in their turquoise jewelry.
Grab all you can get, Bubba. And, yes, the Navajos used Mexican silver pesos for their jewelry. Thanks, my friend.
DeleteYeah.... aesthetically I like the old circulated coins better than the silver rounds too. Probably has to do with my attraction to old stuff.
ReplyDeleteI don't come across silver in my pocket change by accident any more. I can remember when I did, though. You'd have a handful of coins and one of them would "clink" different than the others. My ears would always prick up like a German Shepherds :)
Ninety percent silver is awful hard to find on the street, and coin stores charge a pretty penny now a days. Thanks, my good friend.
DeleteThanks for the info. I have to go check my leather pouch with coins. I just may be wealthy old woman.
ReplyDeleteAnything is possible, Dear Lady...hang in there. Thanks, Sis.
DeleteI like silver and gold, it just makes sense.
ReplyDeleteMe too, as is obvious, Bro.
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