Buying Gold and Silver in Mexico

Flag of MexicoEstados Unidos Mexicanos, translating to the United Mexican States, is located in the southern part of North America. Currently referred to as Mexico, it was a Spanish colony for over 300 years, called 'New Spain', which also included the current independent countries of Cuba, Puerto Rico, and Costa Rica. Mexico is the sixth largest country by area in the Americas. It has the fifteenth largest nominal GDP and is the eleventh largest in the world by purchasing power parity.

Mexico's economy is strongly linked to the NAFTA (North American Free Trade Agreement). After the 1994 crisis, Mexico has seen a significant improvement in its macroeconomic fundamentals. The rapidly developing industries and service sector are the major contributors to the Mexican economy. 90% of Mexican trades takes place under FTAs signed with over 40 countries, including European, Asian, Central and South American countries.

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. Below you will find more details about investing in precious metals in Mexico.

Commodity & Futures Markets in Mexico:

Mexican Derivatives Exchange
The idea of MexDer was conceived in 1994 and it began functioning in 1998. This is an options exchange with a classic corporate structure located in the same building as the Mexican Stock Exchange. The board of directors of MexDer approved an electronic trading system project in September 1999. Before the MexDer moved on to the electronic trading system, the trade used to happen through an open-outcry market. From 2004 onwards, the exchange upgraded from its electronic grading system to the Spanish “S/MART” system.

Coin Shows in Mexico:

Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. Mexico hosts several great numismatic events which shall be attended by collectors and dealers from all around the globe. If you are planning to visit Mexico soon, or if you want to see some coin shows outside the US, take a look at the most popular Mexican coin shows listed below.

El Mundo de la Moneda
If you want to get your hands on some rare Mexican numismatic items, this 2-day coin show is the best place to be. The show is held at Hotel Del Prado in the Del Prado Hall and host several dealers displaying a wide variety of Mexican coins from all historical periods, as well as Mexican paper money, tokens, medals, stocks, bonds, books, presentation pieces, etc. Lots are also available for viewing at this show.

Government and Private Mints in Mexico:

La Casa de Moneda de México | Mexican Mint Address: Paseo de la Reforma 295, Cuauhtémoc, 06500 Ciudad de México, CDMX, Mexico Phone: +52 55 5080 9850

The Mexican Mint is one of the oldest mints in the Americas. Spanish Viceroy Antonio de Mendoza established this mint in 1535 by a decree from the Spanish Crown. The mint was the one which created the popular eight-real coins, succeeded by the silver pesos, which circulated all over America and Asia until the 19th Century. These coins served as a cornerstone for the modern national currencies of various nations around these parts of the world, among which the most popular ones are the United States Dollar, Japanese Yen, and Chinese Yuan. Coins are produced in San Luis Potosi since 1983. Today the ancient headquarter of the mint in Mexico City is the Museo Nacional de las Culturas. The main client of the mint is the Bank of Mexico.

International Bullion Depositories in Mexico:

Global Shield Zone Huixquilucan Dentro del centrocomercial Interlomas plantabaja, Interlomas 5, Centro Urbano San Fernando La Herradura, 52786 Huixquilucan, MEX, México Tel: +52 55 5290 1940 & +52 55 5290 5497
Global Shield Zone Andares Dentro del centro comercial Andares en Sótano uno, Blvd. Puerta de Hierro 4965, Puerta de Hierro, 45116 Zapopan, Jal., México Tel: +52 33 3611 3487 & +52 33 3611 3488

The company was established about 15 years ago. It's the only company to be endorsed and certified by the National Security Commission through the General Directorate of Private Security to provide secure storage services throughout the national territory. The facility has the highest level of security in place. It offers three different types of security boxes - family boxes, premium boxes, and personal boxes. Customers can store precious metals, important documents, jewelry, and other valuables in these boxes. Also, there is an option of increasing the insured amount if the client wishes so. The stored valuables are insured by the National Provincial Group (GNP).

Vaults and Bullion Depositories in Mexico:

Segumex Security Box Blvd. Miguel Tamayo, #2350 Local 13, Plaza UC-360 Frente A La Use, Culiacan, Sinaloa Phone: +52 667 721 5890

The company offers high-class safety storages for safe keeping precious metals and other valuables. It provides four types of boxes: Personal, Corporate, Deluxe, and Premium. The facility is protected with high security and uses fingerprint authentication and security codes for access. The facility is provided with 24/7 camera surveillance and armed personnel guard.

Stonewall MR Ave. 21 por 18 Col. México Oriente, One block from the fire station Phone: (+52) 926-52-25 y 926-80-64

This company offers precious metals storage facility with the highest international standards of security, discretion, and service. The facility is secured with 24-hour monitoring and electric fence perimeter. It has a top-notch fire system in place, motion sensors inside and outside, and biometric access control. The security system is continuously audited. The facility offers 5 different sizes of safety deposit boxes. Its staff is highly trained and offers the best services.

StrongMax Ejército Nacional 373 - Col. Polanco, Miguel Hidalgo - México D.F, CP 11520 Tel: +52 55 5203-6000

A combination of an advanced security system, complete privacy, and exceptional services makes StrongMax a preferred facility for storing valuables like precious metals and important documents. The company offers five different sizes of safety deposit boxes: Personal, Family, Portfolio, Corporative, and Premium. The facility is open 365 days a year hence clients can access their valuables anytime. Secured by high-tech technologies developed by Israeli security experts, 24/7 monitoring, multiple digital and personal access control, including face analysis, biometric ID, and proximity card. This is the only facility in Mexico with SSP permission to provide storage facility. 

Swiss Security Boxes World Trade Center Mexico, Montecito 38 – 8 Level 2 |Colonia Napoles, Mexico City, C.P. 03810 90002340 al 42

This is a leading company dedicated to providing first-class secure storage services. They offer tranquillity, security, and reliability by providing the best security technologies for protecting clients' valuables and assets. Different size security boxes are available. The security system involves biometric fingerprint reader for controlled access, private viewing area, 24-hour camera surveillance, latest technology fire control system, insurance policy, latest generation alarms, seismic and impact sensors.

Xecure Avenida José Vasconcelos 150, Del Valle Sector Fátima, 66220 San Pedro Garza García, N.L., México +52 81 1935 2257

The company offers international level security for precious metals and other valuables stored by its clients. Complete discretion is maintained. Clients can rent a safety deposit box from 6 months to 12 months. 5 different sizes are available. The vault can be accessed through the biometric reader of veins, personal code, and magnetic TAG. The facility is safeguarded with 24-hour external and internal guarding.

First National Security Prolongación Paseo de Montejo No. 478-A (entre Dante y Rieles del tren), Mérida, Yucatán, México Tel. +52 999-926-4058

This is a private secure storage facility which offers the best technologically advanced security along with complete privacy. The facility is protected by 24-hour camera surveillance, and the access is through a hand key. Motion, smoke, and noise sensors are in place to protect valuables from any theft attempt. Internal and external guards are also deployed. The floors, ceilings, and walls are built in such a way as to completely secure the vault. Zone of exclusion with armored doors and special crystals, internal and external sirens, and 3 armored doors protect the vault. The facility is open 365 days a year, hence clients have direct access anytime. The facility also offers parking services at the door monitored by surveillance cameras.

Tax on Precious Metals in Mexico:

The Value Added Tax in Mexico is known as IVA and it is currently 16% on almost all goods and services, including gold. However, if gold has at least 99% purity, then it is exempted from IVA.

Source: http://sovos.com/blog/mexican-value-added-tax-iva-system-general-overview-part/

Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in Mexico.

Local Gold and Silver Dealers in Mexico:

1. NUMISMASSETS Alex M. Bustos & Roberto del Bosque Address: FUENTE DE PIRAMIDES NO. 1-604, LOMAS DE TECAMACHALCO, NAUCALPAN, 53950, Mexico Phone number +52 5552939236 Services: Appraisals, Auctions, Assists Collectors with Submissions, Collector Sales, and Wholesale-to-the-Trade. Specialties: Bullion Coins, Tokens and Medals, Error Coins, US Coins, and World Coins.
Authorized Dealer: NGC PMG NCS
2. Plaza la Rosa Address: Londres 127, Col. Juárez, Del. Cuauhtémoc, 06600 México, D.F., Mexico Phone number +52 55 5525 3172 Hours of Operation: Mon to Sun 9 am to 9 pm
3. Arrendadora Central Coin Address: Liverpool No. - 115, CUAUHTEMOC, 06600 México, D.F., Mexico Phone number +52 55 30969242
4. Llaverolandia Address: Londres 111-A Col. Juárez, Zona Rosa, 06600 México, D.F., Mexico Phone number +52 55 5514 5128 Hours of Operation: Mon to Sun 10 am to 10 pm
5. Productos Químicos Coin Address: Av. de las Fuentes 41 A, 53950 Naucalpan de Juárez, México

Smelters & Refineries in Mexico:

Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. Mexico also has numerous plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you:

Grupo Mexico SAB de CV Address: Parque Reforma Campos Eliseos, Ofna 1102 Col Lomas de Chapult, Mexico, DF 11560, Mexico Phone number +52-55-1103-5000
Met-Mex Penoles, S.A. De C.V. Address: Avenida Metalúrgica No. 550, Colonia Metalúrgica, Torreon, CU 27370, Mexico Phone number +52 871 729 5500
Fresnillo plc Calzada Legaria | No. 549 | Torre 2 Colonia 10 de abril | Delegación Miguel Hidalgo | 11250 México, D. F. +52 55 5279 3000