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1968 Chilean Naval 5 Peso Commemorative

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Pillar of the Community

Italy
1130 Posts
 Posted 01/24/2022  09:51 am Show Profile   Bookmark this topic Add Roma2021 to your friends list Get a Link to this Message Number of Subscribers
Hello,

I came across this coin today, which I believe to be an authentic specimen and have identified as a 150th anniversary of the naval school Chilean 5 peso silver commemorative.

As I try to understand commemoratives, owning only one other which I posted on another thread, I was shocked to see the listed and sold prices of this coin. I know the mintage is low (1200) but demand can't be that high. Can someone give me a primer or at least a few sentences on what appears to be the high premiums on these type coins?

Thank you all! As always, looking forward to learning more.

Best,

R.
1968-Chilean-Naval-5-Peso-Commemorative
1968-Chilean-Naval-5-Peso-Commemorative
Pillar of the Community
Italy
1130 Posts
 Posted 01/25/2022  11:14 am  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
Please and thank you? Not much interest on this thread....
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Sap's Avatar
Australia
16842 Posts
 Posted 01/25/2022  6:46 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Not so much "no interest", as "we have no idea what the answer might be to your question". It catalogues at just $50, which would be typical for a low-demand, low-mintage world silver proof coin.

Maybe just part of the general COVID-craziness with coin prices at the moment?
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
Italy
1130 Posts
 Posted 01/26/2022  01:16 am  Show Profile   Bookmark this reply Add Roma2021 to your friends list Get a Link to this Reply
Hi Sap, thanks. I figured that might be part of it.
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