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 Replies: 15 / Views: 7,033 |
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Valued Member
United States
142 Posts |
Trying to get a little more info on the 1981 1 oz gold Mexican Libertad. What would be the value of one of these coins?
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Pillar of the Community
Canada
3692 Posts |
BV+3% in BU (Brilliant Uncirculated) according to Krause (ed. Harper). So whatever the price of gold is plus three percent.
Edited by Libertad
04/05/2010 10:21 am
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Valued Member
 United States
142 Posts |
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Pillar of the Community
Canada
3692 Posts |
good question.. I'd guess BV because this edition marks the other grades' prices as "-".. not applicable? There shouldn't be that much difference in price. BU is just a tad more collectable. The grade your bullion is in shouldn't hurt your investment too much.
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Valued Member
United States
142 Posts |
so offered at spot, it would be a good deal?
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Pillar of the Community
Canada
3692 Posts |
I would say so.. I'm assuming you're wanting to buy one now. Hold onto them. If you're more into the numismatic side, consider the 50 peso coin from 1921(-1947). It contains 1.2056 AGW. BV @ XF. It has double dates, and looks just about the same as the libertad, albeit with a different stylized coat of arms. The drawback here is that it is only 90% gold, and not 99.9%.
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Valued Member
United States
142 Posts |
thanks for tips and ifo libertad :)
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Pillar of the Community
Canada
3692 Posts |
No problem. Now that I've fulfilled my name I will retire in Barbados. :D
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Valued Member
United States
142 Posts |
I have a few mexican coins that contain silver, maybe I will post some pics of those so you can check them out.
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Valued Member
United States
142 Posts |
here are some pictures of the gold coin, what do you think?   |
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Valued Member
United States
142 Posts |
wanted to let you guys see it before I pulled the trigger on this, its being offered to me at the spot price of gold at whatever time I actually decide to buy it.
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Pillar of the Community
United States
1801 Posts |
Maybe it is just the color in your picture, maybe it's just late at night and my eyes are tired but I suggest you measure and weigh that coin before you buy to make sure it is real. Should weigh 34.56 grams and measure 34.50 millimeters diameter. I don't know the correct thickness but I suggest finding that out also. If it is real, buying at spot is a good deal for you because you avoid the usual 3-5% premium a dealer will charge.
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Pillar of the Community
United States
3098 Posts |
Yeah... I was about to say something like that. It's "oro" for sure, but why is the color off? Also, I'd personally stay away (or be extra vigilant!) from buying the old design because I remember reading somewhere that it was easily reproduced.
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Valued Member
United States
142 Posts |
Thanks for your thoughts. I can't weight it since I'm not buying local. The color is off due to lighting. Maybe it would be wiser to make my first gold coin a us coin?
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Pillar of the Community
Canada
3692 Posts |
Yes, be careful of Mexican counterfeits. Although, gold is gold, why would one use gold to counterfeit anything?
Just be sure your dealer is reputable, and that you can bring it back if there's a problem. If it's too good to be true, it is. Trust that your bullion will be spot-on in terms of purity and weight. Judging from that pic alone, these guys confirmed my suspicion that the colour is very dull on that coin. Could be the lighting. Take someone with you who is experienced or knowledgeable in gold buying. Since I am not, I can't really confirm either way for you.
Check and revise the font, the relief, the lustre, and the coat of arms. That coat of arms has been the obverse for dozens of designs between the 1950s to present time. Black market dies for this design must be out there somewhere, but don't let that deter you. Know what you're doing and what you're buying. If you're still shaky I would say don't bother with it if you might regret it later. Be sure you have full return privileges. Any honest and respectable dealer will go out of his or her way to guarantee you its purity.
Good luck!
p.s. With any coin of weight, check the diameter. If it's too thick, chances are it's a fake. Hopefully you're able to check out 3-4 examples of the one you're buying to compare. That's what I do when I'm not 100% on designs and details. But once you start seeing lots and lots of samples of the same coin, finding discrepancies becomes second-nature.
Edited by Libertad
04/07/2010 09:47 am
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Valued Member
United States
142 Posts |
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Replies: 15 / Views: 7,033 |
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Posted 04/05/2010 10:23 am
