by Recyclersteve » Fri Sep 28, 2018 4:35 am
One thing about Mexican coins that I don't believe has been posted on this thread...
The peso coins from 1957-67 contain silver, but ONLY 10%. I believe that is the lowest (if not one of the lowest) percentages of silver on any coin ever minted in the world.
Even though they are UGLY coins (not just my opinion), I keep a bunch of them at home (not stored offsite with my good stuff). I keep them as burglar bait. If my house was ever broken into, I have these in a fairly conspicuous place. They aren't worth much money, but look like they might be worth something. Also, if you consider doing the same thing, put a conspicuous label on the coffee can (or wherever you store them) saying Mexican SILVER pesos. You know they are only 10% silver and not worth much, but an intruder who sees the word silver might think they just made a big score.
Also, all the important dealers in my area know about my burglar traps. They know to call me if anyone comes in selling a decent quantity of Mexican pesos, British pennies, etc. The dealer can always say, "I know someone I can call who lives nearby and is interested in buying these." If the potential seller goes running, they may want to snag the license plate number.
And if you want to get really sneaky, you might bet on the burglar being lazy. That said, you could tape a few small pieces of paper to the backs of a few pesos in your coffee can or tub. Those papers could say something like "Property of John Doe." Chances are the burglar might never see them. Even if they do, it is worth a shot and the coins aren't valuable, so I don't mind if this damages the surface a bit.
I would NEVER put scotch tape on any coins that have real value.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.