Not much people collect Mexican coins?

Saw this Mexican coin from 1877, Do half, sell for....melt value? It wasn't the greatest condition, but the coin's mintage is two thousand only. How could that be? What would an US coin with a mintage of 2,000 go for? Hundreds of thousands?
There's one for sale right now on the bay for 75 bucks, relisted, no one bid for it...

 

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What specific coin are you talking about? A US coin with a mintage of 2,000... would probably have been made for a very specific numismatic segment, and likely would trade for close to the original issue price.

 

Cannot really comment on that specific coin, but mintage alone is not really a criterion when it comes to what determines the value/price of a piece. Could be that the coin would fetch more in Mexico, could be that even there not that many people are after it.

Christian

 

I have an extensive Mexican collection. To me they are a joy to collect. Melt for a Do? Wow - there is usually a premium for coins from the Durango mint.

 

Keep in mind that Cap and Rays were minted in millions. If the date / mint mark is common and the condition if VF or below, I can see one selling for melt easily. There isn't a market for lower end pieces with the availability of better grades abound.

And there are quite a few of us Mexico collectors around.

Here's a set I've been chipping away at for the past 4-5 years: http://www.pcgs.com/setregistry/Showcase.aspx?sc=478

 

Several dates of modern Mexican silver bullion falls into the extremely low mintage ranges and holds quite a premium, if an when you can find them for sale. There have been some recent articles on CoinWeek regarding Mexican bullion as an option for buyers to both collect and invest in, when seeking bullion but are unable to find it in the form of ASE or Maples, et al.

Here are the articles from Coin Week, there are figures on mintages as well listed:

The Coin Analyst: Mexico’s Silver Libertad Coins Offer Great Opportunity for Collectors [2013.02.25]

and

SILVER 101/GO SOUTH OF THE BORDER [2013.06.18]


I'd wager the OPs coin in question was a modern Mexican coin.


A lot of people find Mexican coinage confusing because of its ever shifting values and actual silver content. Those adjustments and so many minting problems with bad dies leading to few nice looking coins puts some people off. A lot of stuff you see from the Federal and Revolutionary period is really worn down, full of die cracks and some coins like Cabalitto pesos have issues with counterfeiting. Plus you find lots of cleaned coins. The more modern stuff, like the Juegos 1968 Olympics coins are just common as bullion. On the other hand, prices are really strong for certain dates from particular minting locations, even in lower grades, especially when TPG slabbed. Check out past auctions of such coins on Heritage for example.

I personally think Mexican coins are underrated by many collectors, especially the US based collector with more access to dealers and inventory in Mexican coins. Mexico is a neighbor with a rich history of minting precious metals composition coins, back to a Colonial period and different units of currency based on the old world. A lot of Mexican coins acquire interesting toning as well, which US collectors seem to pay less attention to, but those coins are vigorously collected. Copper and bronze composition coins also offer a dearth of collecting challenges and lovely designs. It can be a challenge to collect Mexico's coins and many will discover areas of interest (Colonial, Federal, Revolutionary, modern, bullion) rather than attempting to build sets of coins emcompassing all eras. I do believe there's a growing market for Mexican coins and that they shouldn't be overlooked. Like any other series of coin, it takes time to learn about each coin, it's design and symbols, what the legends mean and how to identify errors, surface issues and decipher mint marks, but that's part of what draws you in and teaches you the history.

 

I just wrapped up my 20th Century type collection and had almost as much fun as completing the U.S. Type set. Not to mention at about 1/4 the cost. I think I am going to explore the 19th Century or maybe the Revolution. So much to choose from. Mexico is a fun country to collect. Been around a long time and coinage is very diverse.

 

I have big collection af a Mexican coins.

 

When I take a break of ancients I drift into mexican coins. They're cheap & have wonderful designs. I just dont feel the need to take photos of each one as many are common and its just too many.

 

The coin I was talking about was a 1877 Do 50 centavos. Mintage 2,000.
I know mintage alone isn't a key factor in determining value, but rarity is. And supply/demand of course. I would have expected a two thousand mintage coin to be extremely rare and valuable. Perhaps the recorded mintage is wrong?

 

I do as well. I find them a fun diversion from other collections. SOmetimes I swear I have ADD as I cannot solely collect one area for too long, I find out what is for sale, look at auctions, but eventually get bored. So I then move to another area, and eventually come back to the first.

Only downside to me is it makes for a large, diverse collection. Some may think its too diverse, but I enjoy it.

 

I don't mind people not being interested in Mexican coins and banknotes. Frankly all that really matters to me is that I like them and not many others do so I can buy treasures for pittance. I have bought gold medals struck on 50 Peso blanks for a fraction of melt because nobody knew about or was interested in them. Same with paper, some of the early 20th century notes printed by ABNCo were some of the loveliest notes ever printed using the intaglio method.

 

Seriously? D*mn you, you stole my whole modus operandi!:devil:

 

I also collect Mexican coins, though I'm mostly into the 20th century coins. I get turned off by a wide variety of mintmarks, which is the case with the 19th century coinage. What drew me in was the big bronze coins like the 20 centavos from the 1940s-70s and the 50 centavos from the late 1950s. I think a lot of the designs are attractive. Surprisingly some of the most difficult coins to find are from the last 20-30 years. I have a list of four coins from 1986 or later that I can't find at any price.

 

I have to agree on those 50 centavos coins in bronze I have a circulated example but wouldn't mind one in BU sometime.

 

My "problem" is I am drawn to the 20 and 50 peso coins from the mid-20th century pretty strongly. I have one of each, but sure would like to own a lot more. Everyone loves the 50 peso, but I really like the mayan calendar 20 peso issue.

 

Super set Roman

 

50 Pesos are as common as dirt until you want a high grade, ie MS-65+ example and then they thin out precipitously. I have only seen two '67s.

 

I do have 50 pesos and I do not care about grading just love to have it on as my pendant!

 

Oh. :rollling: