Bimetallic coins

[RacerCool]

What do you guys think of them? I won't buy any coin that doesn't have either silver or gold in it, and certain bimetallics have silver. Such as these. I think it's something different, and I'm considering collecting these and adding them to the stack.

The large 100 pesos have about 20 grams of sterling in the middle.

[Bimetallic]

You rang? 😉

It all comes down to price and liquidity. How much do they cost? And how liquid do you expect them to be? I expect that they won't be very liquid.

20 grams is approximately 0.64 troy ounces. With silver at $16.47, melt value is $10.59.

Therefore I would look to get these for something like $12.71 each, or less, which is 20 percent over spot. 20 percent over spot allows for the high premiums on small volumes of silver, and the novelty of these coins. I'd need further justification to pay more than 20 percent over spot for these.

[greendragon]

I collected something similar 

casino tokens 

they seem to be more collectable in the U.S.A than here in U.K

They sell for around £20 upwards

[RacerCool]

9 hours ago, Bimetallic said:

You rang? 😉

It all comes down to price and liquidity. How much do they cost? And how liquid do you expect them to be? I expect that they won't be very liquid.

20 grams is approximately 0.64 troy ounces. With silver at $16.47, melt value is $10.59.

Therefore I would look to get these for something like $12.71 each, or less, which is 20 percent over spot. 20 percent over spot allows for the high premiums on small volumes of silver, and the novelty of these coins. I'd need further justification to pay more than 20 percent over spot for these.

I think of it the same way: I want to pay only a smaller, reasonable amount over spot, especially for silver.  The bummer that I've seen with most Mexican commemorative issue coins is that they tend to go for significantly more than spot.  Even various onzas and libertads, which makes them harder to collect without paying way too much.

With these bimetallics, I'll just keep an eye out for a reasonable price on a full set.  Buying individually is just too expensive when factoring in shipping charges.