Gold Libertads

Discussion in 'Bullion Investing' started by Tater, Apr 21, 2022.

  1. NumisMan77

    NumisMan77 New Member

    I think the 1/4 oz BU gold Libertad is the 'sweet spot'. They're not usually outrageously expensive, they've had a record of lower mintage and they're large enough to enjoy and see the details. I bought slabbed example of the 1/10 oz and 1/4 oz 2021 gold Libertads from APMEX. Mostly because I like to get the 1/4 oz Libertad, every year but, 2021 was different. They seemed harder to find and the 2021 Libertads in general, seemed to have quality issues so, I wanted slabbed MS70 coins.
     
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I personally think most Mexican gold is over priced, however the point is hard to argue
    with some of the ridiculously low populations.
     
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  4. NumisMan77

    NumisMan77 New Member

    I agree. I believe people have taken advantage of the Casa de Moneda being shutdown for most of 2020, due to Covid-19. However, the market sets the price and as long as people are willing to pay the inflated prices, they'll be high. I'm concerned about the 2022's and if the prices will come back to being reasonable.
     
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I have about 6 OZ of Mexican Gold a combination of libertades and Pesos
     
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  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Also have a 1/10 OZ example.
     
    GoldFinger1969 likes this.
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    The problem with low populations is that they create low liquidity and low interest.

    That HURTS pricing. Or at least is a headwind.
     
  10. NumisMan77

    NumisMan77 New Member

    The PCGS population for the 2021 1/4 oz gold Libertad graded MS-70 is 15. The 2021 1/10 oz gold Libertad graded MS-70 is 63.
     
  11. Jim Dale

    Jim Dale Well-Known Member

    I have only collected the U.S. Mint gold coins. I would like to know a good source for the Libertad gold.
     
  12. NumisMan77

    NumisMan77 New Member

    There are many good sources:
    TheCoinShoppe.ca
    SDBullion.com
    APMEX.com
    JMBullion.com
    bullionexchanges.com
    The are many dealers/sellers on ebay.com too.

    The 2022 coins haven't been released yet, but will be soon. The next month or so.
     
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Prices on the Mexican liberated market are
    primarily high because of the lack of population, supply and demand 101
     
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  14. NumisMan77

    NumisMan77 New Member

    Goldfinger1969, I'm stunned at your statement. It not only defies all logic but, is antithetical to historical fact. To paraphrase you, "Rare things are less desirable and tend to be worth less than things that are very common."
    I don't think I'll be taking your advice on anything.
     
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  15. Mr Roots

    Mr Roots Underneath The Bridge

    But it’s true to a point, just not with libertads.
    Something can be extremely rare but if people don’t know it exist it will have no demand….there’s example after example in sports memorabilia…..or it works the other way, not rare at all but everyone knows it exist so high demand like the 1909 cent.
     
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  16. -jeffB

    -jeffB Greshams LEO Supporter

    I think it's a little more subtle than that.

    Look at gold First Spouse coins. Half an ounce of .999 gold, absurdly low mintage numbers, mostly in the low thousands, with a number of the uncirculated (vs. proof) issues under 2000 for total mintage. Lots of rarities there -- and no one cares. Rather, not enough people care enough to elevate their price above their (substantial) bullion value.

    Modern bullion issues aren't at all like rare ancient coins, or Mercury dimes, or Lincoln cents. It takes more than a low mintage to elevate their value.
     
    GoldFinger1969 likes this.
  17. NumisMan77

    NumisMan77 New Member

    Wow, these forums are something else. They should be renamed to the logic-free zone. First, you jump to Goldfinger1969's defense, then you proceed to defend a point the was never made. You're saying a coin can be very rare but, if no one knows it exists, there will be no demand for it. Whereas Goldfinger1969 says rare coins are less desirable and therefore are less valuable. Also, comparing numismatics to sports memorabilia makes no sense. Even though someone might not be a collector, they might recognize their favorite ball player and buy something with that athlete's image or even just a team name, if it's not too expensive. When was the last time you saw someone wearing a T-shirt with their favorite coin or mint name on it? Have you ever seen coins included in a pack if gum for free? Libertads are not unknown. There's a very strong market for them.
     
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I put the Sac. dollar in the same category
    as the first spouse interest zero to none !
    however you can gauge popularity pretty
    much by what something sales for, you
    would be hard pressed to fond 1 OZ gold
    liberated for under 3K graded and that’s
    all day long !
     
  19. NumisMan77

    NumisMan77 New Member

    Apples and oranges, jeffB. The First Spouse coins were overpriced to begin with. They were part of a series and I think the thought of having to collect 44 coins (88 if you buy both finishes) was quite daunting for most would be collector/investors. I tended to stick to the coins from the unmarried Presidents, which the mint substituted contemporary period coin designs in place of a spouse. However, you're arguing that not every rare coin is valuable or desired versus rarity tends to make coins less desirable and therefore less valuable. Those points aren't subtle, they're quite different.
     
  20. Mr Roots

    Mr Roots Underneath The Bridge


    I don’t think Goldfinger was saying that is a law of collecting….it it well know that rarity alone doesn’t equal value….Mike Trouts 2011 Topps Update rookie card isn’t rare at all but worth a lot more than other other 2011 Mike Trout cards with smaller populations that are less known, 1909 VBD isn’t rare at all but worth more than many other coins from 1909 that are much rarer….I’m a Mexican gold collector so I’m not defending Goldfinger at all, I know libertads are both rare and have demand…I collect antique stoneware too, I have things that you’ll never see come to market but because people don’t ever see them they are less valuable than something that is common made by Mettlach (V&B), a stoneware maker everyone knows.
     
  21. NumisMan77

    NumisMan77 New Member

    Not trying to argue for arguments sake but, this is a coin forum and we're on a thread about Gold Libertads. You'd have to go back about 20 years to consider the Libertads to be a little known, obscure coin. They tend to have a lower mintage, highlighted by very low mintage years and sometimes years when the demand seemed higher than normal, while the mintage was lower. I don't know that much about sports memorabilia or antique stoneware but, I don't think I'm out of line when I mention a low population in MS-70 for a low mintage Gold Libertad in the context of being more desirable (or maybe demand exceeding supply) and therefore more valuable.
     
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