Mexican Libertad Gold Coin question

Discussion in 'Bullion Investing' started by Westtexasbound, Sep 27, 2013.

  1. Westtexasbound

    Westtexasbound Active Member

    Everything I read about coins comes down to low mintage. These gold coins have mintages below 1,000 for each size.

    Why is the mintage so low?
    Why are they still around on dealers sites if so low?

    To me these would be the ones to get.
     
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  3. medoraman

    medoraman Supporter! Supporter

    Mintage is only half the equation sir. Never, ever think that only mintage will make a coin valuable.

    The other half of the equation is demand. If 500,000 people want one, but only 200,000 were made, prices will go up. If 10 are made, but only 4 people want one, prices will decline.

    I have an ancient coin that there are two known, and its in gold. Its worth less than a 1916d dime that they made 264,000 copies of. There are tons of world coins they only made like 300 of, and are basically still worth only bullion.

    DEMAND.
     
  4. Westtexasbound

    Westtexasbound Active Member

    Seem like beautiful coins. Wonder why the Maple Leaf is more popular
     
  5. medoraman

    medoraman Supporter! Supporter

    I am not disagreeing with you. I love the coin. I do not know why its not more popular, just commenting on the fact that demand is in many ways much more important than supply in determining pricing.
     
  6. midas1

    midas1 Exalted Member

    I just bought, from APMEX, a one ounce gold Mexican Libertad, one of 53, graded 70 for $1,546.24 or about $210 or spot. Go figure.
     
  7. midas1

    midas1 Exalted Member

    The APMEX 1 oz gold Libertad arrived today. The Mexican Mint released 3000 of them in 2012, 53 were graded PCGS MS70. I got one. Sweet coin.
     
  8. SilverSurfer415

    SilverSurfer415 Well-Known Member

  9. midas1

    midas1 Exalted Member

    It's a gold coin. My next 1 oz Mexican gold Libertad will be a proof which has a deep contrast. I no longer have my coin photo setup. Been buying currency which is easy to scan.
     
  10. AVS123

    AVS123 New Member

    I am speculating that these coins are undervalued. Since the % of the Mexican population will continue to rise in the USA over time, I expect demand of these to rise with that. Of course they will want to collect something tied to their heritage more than likely. Even if this thesis is wrong, and a small amount of collectors (no matter their demographics) want to collect these coins, prices should go higher.
     
  11. AVS123

    AVS123 New Member

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