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Message:: [QUOTE="statequarterguy, post: 1828538, member: 21782"]You mentioned several factors that I avoid.  First, I’m not willing to pay much of a premium for high grade mint state or proof coins – so the only population reports I’m concerned with are mintage figures.  Second, I stay away from foreign coins, since 90% of the coin market in the U.S. is U.S. coins.  If that Libertad were a U.S. coin, you can bet it would be worth a lot more than 1.3x.  Third, I only buy bullion if it’s also legal tender in the U.S. – it’s called U.S. coin collecting for a reason, private or foreign mints don’t count. It’s all about supply and demand. Aside from the problem with foreign coins in the U.S., there are fewer collectors of gold coins, due to the higher cost of gold, so lower mintages are required to add significant numismatic value. Silver coins have a larger collector base - take for example the ASE's with typical mintages for collector issues in the 100k to 200k range, which command significant premiums over melt. Yeah, currently atb 5 oz’ers have low demand, thus low mintages.  Some U.S. coin collectors have done quite well buying low mintage out of favor issues, as most U.S. coins with low mintages eventually “have their day”.  Yeah, you may be able to pick up P mint atb 5 oz’ers for 1.1x someday, but I’m betting not.  With mintages this low, pm content won't even been a factor in the coin's price.[/QUOTE]