What's new

Mother of all circulating coins as of 2016 ?

MexGT

Full Member
Joined
Sep 23, 2013
Messages
181
Reaction score
83
Golden Thread
0
Location
México
Detector(s) used
Minelab CTX-3030 & Stealth 920i
Primary Interest:
Beach & Shallow Water Hunting
I present you, the Mexican $100 peso coin, HUGE 39.9 mm in diameter and 33.83 grams in weight ! That's more than 1 troy ounce (31.1 gr) The outer ring is Bronce-Aluminum but wait ... the center is 1/2 ounce of sterling silver ! Woot ? Ive never paid attention to this coins TBH cause they are VERY scarse, but if you are lucky you can encounter with one of this coins in a normal hand to hand trading. Its face value is $100 pesos (obviously) thats about $5.25 usd BUT this is the best part, with the recent years peso devaluation, the center itself is $8.75 usd silver at todays prices ($17.75 usd/ounce). So now Ill be keeping this little monsters, heck its 2016 and I can still get silver coins? Dafuq?

Tomorrow Ill be going to a bank that told me that they have 3 more coins, they respect the face value of $100 pesos obviously, so in the end Ill be feeling I'm doing the correct choice ... something like silver dollar coin hunting at the banks lol now Ill have to make friends on each and every bank in my city and ask them to keep them for me.

They are not minted any more, only from 2003-2006 and in very limited quantities, and banks only have whatever people trade in as in deposit for their accts.

There are 37 different designs for this $100 coins, so It'll be cool If I can collect one of each aswell.

Just wanted to share my bit of excitement! GL & HH




 
That seems to be a great way to collect silver!
 

Users who are viewing this thread

Back
Top Bottom