Photo Credit: APMEX
2016 Mexican 5-Coin Gold Libertad Proof Set
Buy It Now Price: $2,650.74 (price as of 2017; item no longer available)
Pros:
-This is a magnificent 2016 Mexican 5-coin gold Libertad proof set. The gold Libertad is a series of bullion coins struck by the Casa de Moneda de Mexico, or Mexican National Mint, the oldest mint in the Americas.
-All Libertad gold bullion coins are struck in pure, .999 fine gold. They feature the winged goddess of victory, Nike, on the obverse and the national emblem of Mexico, an eagle perched on a cactus eating a rattlesnake, on the reverse.
-The five coins included in the gold Libertad proof set are the one troy ounce, 1/2 ounce, 1/4 ounce, 1/10 ounce and 1/20 ounce sizes. The total weight of all the coins in the set is a substantial 1.90 troy ounces of gold.
-This gold Libertad proof set comes in its handsome original presentation box, which is expertly crafted from solid mahogany. An original case always increases the value of an antique, particularly a case this fine. And while the set isn’t very old right now, in 30, 40 or 50 years, the case will be a very positive factor in this set’s valuation.
-The total mintage of the 2016 Mexican 5-coin gold Libertad proof set is only 2,100 full sets. This is a ridiculously low number in a world where modern commemorative and bullion coin are commonly struck by the million.
-Collector demand for modern coins is generally linked to national GDP. As of 2017, Mexico has a population of about 120 million people. The United States has an estimated 56 million Hispanic citizens, many of them of Mexican descent. These large Latino populations have enjoyed increasing economic wealth in recent years which will almost certainly translate into healthy future demand for Mexican Gold Libertad coins.
-With gold bullion currently trading at $1,218.40 per troy ounce, this gold Libertad proof set contains $2,314.96 in intrinsic value. That means it is selling for only $335.78, or 14.5%, over melt value.
-Given the fact that common gold bullion coins regularly sell for 4% or 5% over spot, I believe the low mintage 2016 Mexican gold Libertad proof set offers tremendous value for your investment dollar. I think there is a high probability that its price will rise in the future due to collector demand.
Cons:
-Collector demand has been rather muted for Mexican gold Libertad coins for many years now. I’m not exactly sure why, as they are very attractive coins that are struck with great attention to detail. It may take a significant amount of time before the market discovers these hidden gems.
-Although the 2,100 mintage for this 2016 Mexican gold Libertad proof set is very low, prior years have seen even lower mintages. In 2015 only 500 sets were produced while 2014 only saw 250 sets created. Regardless, I would not reject the 2016 set just because it isn’t quite as rare as its predecessors.
