What's the deal with Libertads?
jmski52
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This may be a bullion question, but why are 1 oz. silver Libertads almost twice the price of most any other 1 oz. silver bullion coin, such as Eagles, Maples, Philharmonics, Silver Kruggerands, or Britannias?
Is it demand? Why?
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PMs have always cost more in Mexico.
The Bank of Mexico sells them high to begin with.
Low mintage.
Difficulty in obtaining (bureaucracy).
High demand.
Also, several years go for even more due to low mintage
You can get a 1oz Libertad for $41 on eBay.
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
IMHO, if you even care about design it is def. superior to the eagle or other more common bullion coins. If you're in it for the silver, go ahead and load on stacks of buffalo rounds...
Well, just Love coins, period.
Thank-you, guys. I've always liked the design, and I knew that mintages weren't as high as ASEs, but wow - a roll of new Libertads is about double the price of ASEs on Apmex.
My question was motivated from an investment standpoint. I don't know if I could hope for a doubling of the spot price of silver in order to break even. I'm inclined to stick with official sovereign coinage for stacking, but I've bought the buffalo rounds once and I'm not sure how well they will be accepted in the future since they have multiple unknown sources, including the fake ones from China.
I suppose it might be time to invest in a Sigma or something like it.
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