Bartering with silver

Status
Not open for further replies.
S

Sharpy

Guest
My late father used to share stories with me about taking silver coins on his trips to Mexico and how the local vendors would bend over backwards to make good deals for services, food or souvenirs in exchange for his silver coins.

My family and I are traveling to Punta Cana this fall and I am curious as to if this makes sense to try in Punta Cana. I'm not much of a negotiator but thought it might be fun and interesting to the folks we meet.

Can anyone offer any advise on the subject?
 
P

PeterInBrat

Gold
May 29, 2006
10,265
200
0
Dominican coins used to have a good amount of silver in them and then the weight in grams stamped on them. Anyone who will deal with silver will know the current price on the internet. You'd prob have better luck buying than selling. Once upon a time, a Dominican peso was equal to a US dollar in its silver value. Trujillo era silver coins have some collector's value back in the States. Most were melted down in the DR.

Dominican Republic Large Silver Coin 1 Peso 1955 Exists 19 450 Un AUN UNC | eBay

Dominican Republic 1961 Medio Peso 1 2 Native Head KM 21 Flashy Lustrous | eBay
 
J

Jumbo

Bronze
Jul 8, 2005
1,515
103
63
Too many Chinese fake silver coins out there. Not many Dominican venders are going to have a pocket scale unless you are bantering silver for white gold. Ask Pichardo when the venders will start taking BitCoins.
 
J

JohnnyBoy

Bronze
Jun 17, 2012
1,448
0
0
You will probably get robbed. Go and have fun. There is nothing for sale in Punta Cana that you cant buy with paper money.
 
P

playacaribe2

Gold
Jan 9, 2004
10,912
2,247
113
Sharpy said:
My late father used to share stories with me about taking silver coins on his trips to Mexico and how the local vendors would bend over backwards to make good deals for services, food or souvenirs in exchange for his silver coins.

My family and I are traveling to Punta Cana this fall and I am curious as to if this makes sense to try in Punta Cana. I'm not much of a negotiator but thought it might be fun and interesting to the folks we meet.

Can anyone offer any advise on the subject?
Click to expand...

Simply put:

Forget it.

This isn't the Mexico of a bygone era.

Enjoy your trip.


Respectfully,
Playacaribe2
 
L

LTSteve

Gold
Jul 9, 2010
5,449
23
38
Sharpy said:
My late father used to share stories with me about taking silver coins on his trips to Mexico and how the local vendors would bend over backwards to make good deals for services, food or souvenirs in exchange for his silver coins.

My family and I are traveling to Punta Cana this fall and I am curious as to if this makes sense to try in Punta Cana. I'm not much of a negotiator but thought it might be fun and interesting to the folks we meet.

Can anyone offer any advise on the subject?
Click to expand...

How about using glass beads and little shiny mirrors? Sorry, this is not the olden days. Yes, you can still negotiate prices from vendors. Good luck
 
Xavier_Onassis

Xavier_Onassis

Gold
Aug 6, 2006
8,775
12
38
Silver coins in the DR are not in circulation, just as they are not in circulation in the US or Mexico.

You can buy silver coins as collectables, but you will pay a lot more than the value of the silver.
 
M

MJSantoDomingo

Bronze
Apr 13, 2011
680
0
0
Don't bother bartering with silver, not worth your efforts. The local vendors will all know the daily exchange rate for the US Dollar (and even then, they will try to get your dollars for several pesos lower than the exchange rate). I doubt many will know the exchange rate for silver, never mind have a scale to weigh it. Any place that does will probably not give you a good rate. Bring US Dollars and exchange them at a reputable cambio or bank for the best rates. And then just enjoy your vacation.
 
D

dv8

Gold
Sep 27, 2006
31,266
363
0
i suggest you try to barter your wife. this might be fun and interesting to everyone involved.
 
J

jabejuventus

Bronze
Feb 15, 2013
1,437
0
0
Sharpy said:
My late father used to share stories with me about taking silver coins on his trips to Mexico and how the local vendors would bend over backwards to make good deals for services, food or souvenirs in exchange for his silver coins.

My family and I are traveling to Punta Cana this fall and I am curious as to if this makes sense to try in Punta Cana. I'm not much of a negotiator but thought it might be fun and interesting to the folks we meet.

Can anyone offer any advise on the subject?
Click to expand...

These vendors are money exchange rate wolves in vendors clothing and skilled in analytical geometry and calculus. You would come up short every time.
 
Status
Not open for further replies.
Top Bottom