How to Buy Silver in Mexico (2024)

FAQs

How to Buy Silver in Mexico? ›

Mostly silver, Mexico is a big producer of good quality silver and silver jewelry. All pieces of silver, coins or jewelry, must have the proper seal indicating the relative amount of silver in it.

Mostly silver, Mexico is a big producer of good quality silver and silver jewelry. All pieces of silver, coins or jewelry, must have the proper seal indicating the relative amount of silver in it.

No. In today's global economy, market prices are set internationally - metals, oil, you name it.

Pure silver is freely available in many stores in Mexico (like the Elektra chain or banks), sold in the global market. It's therefore the Mexican state that guarantees the silver quality produced in the country and supplies jewelry artisans.

There are a few popular precious metal dealers in Mexico that offer a large variety of remarkable bullion products, such as the spectacular Gold Peso, Gold Onza, Mexican Gold, and Silver Libertad coins.

Taxco de Alarcon, Mexico's silver capital, is a charming colonial town nestled in the mountains of Guerrero state between Mexico City and Acapulco.

Standard Mexican silver is 92.5% pure, though its purity ranges from 92.5% to 99.9%. It's used for making jewelry, currency, and decorative items. A simple indication of Mexican silver is an eagle stamped to it, next to a number designating where it originated from.

Peru, China and Poland lead the world with the highest silver reserves, but there are many other top silver countries by reserves to know.

Within Mexico, the state of Zacatecas produces more silver than any other state, mining around 46.5% of the nationwide total. Zacatecas is also home to the largest silver mine in the world by reserve, Penasquito. The mine is expected to hold around 911.8 million ounces of silver.

What town in Mexico is known for silver? ›

Taxco, silver town in Mexico - Review of Taxco, Mexico - Tripadvisor.

The limited mintages of Silver Libertads make them a less common find in North American portfolios, making it a uniquely valuable coin to investors and collectors.

1) Plate Tectonics – Mexico is situated on the silver-enriched North American crust and when the Cocos plate under the Pacific Ocean was subducted below the North American plate, it partially melted both plates and the magmas rose up to form one of the longest volcanic belts in the world.

Usually, eight out of 10 pieces made of . 925 silver are worth the material value. One troy ounce of pure silver is worth $23.46 today and one troy ounce of . 925 silver is worth $23.46.

Inherently, silver ore is the same everywhere. However, typically, Mexican silver is known as having a particular style and sterling silver content, usually signified by silver marks.

You can buy gold and silver tax-free from Bullion Exchanges online if you are ordering from Alaska, Delaware, New Hampshire, Montana, and Oregon.

You can purchase silver through local dealers and pawn shops or online dealers such as APMEX or JM Bullion. More specialized dealers allow you to purchase whole bars rather than just coins.

Here's what you need to know. The Mexican state of Guerrero, where Taxco is pictured, is one of six states in the country with a "do not travel" advisory.

It's no wonder Taxco is one of the oldest mining sites in all of the Americas. Today, silver is no longer mined in Taxco itself — the mines are empty! Silver is mined in a town several hours away, and brought to Taxco. The silver jewelry we sell is made by local Taxco artisans.

Is sterling silver from Mexico real? ›

“Sterling silver” refers to silver that is at least 92.5% pure silver. Most of the items we sell at Mexican Silver Store are made with sterling silver. Generally, you'll see an item marketed at sterling silver, 925 silver, or see .

Silver becomes black because of hydrogen sulfide (sulfur), a substance that occurs in the air. When silver comes into contact with it, a chemical reaction takes place and a black layer is formed. Silver oxidizes faster in places with a lot of light and high humidity.

Sterling silver is better than silver when designing and wearing jewelry because it's stronger and can look good for a lifetime. Fine silver jewelry is easily damaged and not the best choice to wear on a regular basis. Sterling silver is also better for setting gemstones.

RING 975 – Aquamarine and Diamonds in 18kt White Gold.

Fine silver, or pure silver, is the most valuable form of silver. It contains 99.9% silver and is known for its high luster and lack of tarnish. Fine silver jewelry will usually have a “999” or “FS” mark somewhere on the piece.

950 Silver contains 95% pure silver and is the highest grade of silver used for jewelry. This grade is used by Qinti Peru (Formerly Artisan Silver & Gifts) for its handmade jewelry. 925 Silver contains 92.5% pure silver and is the lowest possible grade to be considered "sterling silver".

Pure silver, like pure gold, does not rust or tarnish.

It's called . 999 silver because it's technically 99.9% pure silver! This type of silver is the highest quality silver you can buy.

Wallace has long been famous as the “Silver Capital of the World” with 1.2 billion ounces of silver produced in Shoshone county since 1884.

Saucito Mine, Mexico

Saucito is owned by inarguably the biggest silver mining company Fresnillo. Saucito is an underground mine with a shaft depth of about 1 km.

Where is the silver belt in Mexico? ›

…colonial period was the so-called Silver Belt, a region that extended from Guanajuato and Zacatecas in the Mesa Central to Chihuahua in the Mesa del Norte, with outposts such as San Luis Potosí farther east.

This silver is called Argentium silver.

What Year Pesos Are Silver? The silver Mexican Peso dates all the way back to 1869 with its first minting on the 1 peso, and continues until 1979 where the last silver peso minted was the 100 silver peso coin.

The "Mexico Silver" or "Silver Made in Mexico" marks are seen on pieces from the 1920's through mid 1940's, their silver standard varies, but is commonly above . 925 purity.

Live Silver Price

The current price of silver is $23.56 per troy ounce.

$100 Face value of coins. All coins contain 90% silver and 10% copper. Approximately 71.5 Troy oz of silver in each bag.

Definition of Terms Used in Silver Jewelry

BRITANNIA SILVER - Must be at least 95.84% pure silver by weight. MEXICAN SILVER - Usually contains 95% silver and 5% copper; more pure than sterling. (Not all silver produced in Mexico is Mexican Silver).

As the world's top producer of silver and twelve other distinct minerals, Mexico's mining sector represents a leading opportunity for U.S. exporters.

Silver can be found across many geographies, but approximately 56% of the world's silver production is found in the Americas, with Mexico, Peru, and Chile supplying 43%.

Which is more valuable sterling silver or 925 silver? ›

Cost – When it comes to silver, purity is directly proportional to cost. Real silver, which has a higher purity than sterling silver, is generally more expensive. However, silver 925 is a popular alternative due to its relative affordability.

What is the difference between sterling silver and 925 silver? When 92.5% of pure silver is mixed with 7.5% of other metals (often copper, nickel or zinc), the resulting alloy is called sterling silver. So, to wrap up, there is no difference between the terms sterling silver and 925 silver.

Is 925 silver pawnable? Yes, 925 silver is pawnable. Pawn shops will often accept 925 silver jewelry, coins, and other items as collateral for a loan.

No. In today's global economy, market prices are set internationally - metals, oil, you name it.

The majority of our pieces are made with sterling silver 970 which is an alloy that contains 97% of silver and 3% of copper, you'll find a stamp with this number or my logo in some pieces.

Definition of Terms Used in Silver Jewelry

BRITANNIA SILVER - Must be at least 95.84% pure silver by weight. MEXICAN SILVER - Usually contains 95% silver and 5% copper; more pure than sterling. (Not all silver produced in Mexico is Mexican Silver).

The Magnet Test

"If your magnet sticks strongly to the piece, it has a ferromagnetic core and is not silver." Fake silver or silver-plated items are generally made of other metals. This is an easy test that can give you a good idea on whether your item is real silver or not.

What does Taxco mean on jewelry? ›

The most common percentage of silver in a piece of jewelry is 92.5% which is the minimum requirement for silver to be called “sterling silver.” This percentage is typically written as . 925 or 925 (hence our company's name, Taxco.

The term ". 925" is a designation and standard for Mexican Silver to show its level of purity. We are involved in every step of the process. We hand select each item from thousands of vendors in Taxco, Mexico. We are able to offer great prices on our products because we are direct buyers with no agents or middlemen.