I am still after one of those 20 pesos - lovely coin - had to sell one a while ago. Only problem is I keep getting distracted by OLD silver coins and keep spending the cash before it accumulates lol. I need a lay away plan.
It lives up to the hype @Roy I believe @mr-dead says it's his all time fav.
Its nice to have something with so much lustre as most of my purchases are old gold and I refuse to pay silly money for MS grades.
Are you thinking of getting one?
If you really intended to state "bullion buying" then that clearly defines gold as near to spot as possible.
Forget the year of the coin or the size of the coin - you are looking for the best possible price per gram.
Your budget is relatively small so you are now looking for a good deal so that entails shopping around and maybe being a little patient.
Unfortunately many of our popular bullion dealers are taking the opportunity to maximise their own profits especially with regard to the more popular sovereigns and half sovereigns.
Some of the best prices are often found on this forum but you have to be lightning quick.
Check the daily prices on sites like HGM and compare with Atkinsons as often there will be a saving of a few pounds spending £1,000 in one transaction. Your target should be trying to buy fine gold at 2% over spot and remember to rework 22 ct coins to their 24ct content when doing your sums.
Quarters = 798 x 6.25g silver = 4987.5g = 160.4oz silver
160.4 + 120 (1oz rounds) = 280.4 oz total silver.
280.4 x $17.02 spot price = $4772 worth [plus $200 cash]
So the trade was 3oz gold for $4972 silver worth and cash.
$1657 for each gold ounce. You could take a 10% below spot hit and still come out ahead, so a trade worth doing.