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Why do Mexican silver coins carry such a large premium?

jmski52jmski52 Posts: 23,018 ✭✭✭✭✭
in World & Ancient Coins Forum

The 2021 Libertads are over $70. Does anyone know why they carry such a large premium over other countries' silver bullion? I do like the designs, but can't justify the premium.

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Comments

  • JohnnyCacheJohnnyCache Posts: 1,793 ✭✭✭✭✭
    edited March 4, 2022 4:34PM

    For proof Libertads I think it's understandable given the relatively small amount minted. However for BU coins it does seem high and I can only assume popularity of the coin/design is the cause, as without the presence of higher demand, I have to think that the premium would adjust downward accordingly. JMHO

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  • 7Jaguars7Jaguars Posts: 7,583 ✭✭✭✭✭

    Wow, I was unaware of that. I suppose that will impact mintages for 2022 and that would include currency and proofs.I would quite imagine that the Mexican Mint will be taking note of this....

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  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    There are 2021 Libertads on eBay for $48. Still $10 more than US Eagles though.

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