Photo Credit: APMEX
2018 Mexican Silver Libertad Reverse Proof Set
Buy It Now Price: $208.32 (price as of 2019; item no longer available)
Pros:
-This superb 2018 Mexican Silver Libertad reverse proof set contains two one troy ounce coins: a standard proof version and its highly coveted, reverse proof twin.
-Each of the one troy ounce Mexican Silver Libertads in this set measure an impressive 40.0 mm (1.57 inches) in diameter.
-The coins’ obverse bear the 10 historical Mexican coat of arms. The reverse shows the winged Greek personification of victory, Nike, against the backdrop of the famous Mexican volcanoes Popocatépetl and Iztaccihuatl.
-A proof coin is struck from specially prepared dies under ideal conditions. This creates a nearly perfect coin that has a desirable cameo effect, consisting of frosted devices set against high-contrast, mirrored fields.
-The rendition of the goddess Nike on this Mexican Silver Libertad reverse proof set is based on the landmark Angel of Independence statue located in central Mexico City. It is widely considered to be among the most beautiful coin designs currently in production anywhere in the world.
-Reverse proofs are relative newcomers to the numismatic world, having first come to prominence in the mid-2000s. The dies of a reverse proof are treated in such a way that the traditional proof effect is reversed, with mirrored devices set against frosted fields.
-This Mexican Silver Libertad reverse proof set is limited to just 500 sets. The overall mintage of 2018 proof Mexican Silver Libertads is correspondingly low, with a total mintage of 10,000 specimens for the standard proof coin and a mere 1,500 for the reverse proof version (inclusive of the 500 sited above).
-This Mexican Silver Libertad reverse proof set comes in its original brushed metal and hardwood Banco de Mexico case. I have long felt that good packaging positively impacts the future investment performance of modern coins, and this stylish contemporary case is among the best.
-The mintage numbers of these attractive silver coins are ridiculously low for a modern proof coin. As a point of reference, the popular U.S.-issued American silver Eagle coin has a 2018 proof mintage of around 500,000 specimens.
-This Mexican Silver Libertad reverse proof set is exclusively distributed through the well-known bullion dealer APMEX. You cannot get this unique set from any other precious metal dealer.
-Given their incredibly low mintages, stunningly good looks and modest pricing, I believe that Mexican Silver Libertad proof sets – much like their Gold Libertad proof counterparts – offer a credible investment opportunity to today’s intelligent tangible asset investor.
Cons:
-This 2018 Mexican Silver Libertad reverse proof set only contains 2 troy ounces of silver, resulting in an intrinsic value of around $30 (with the spot price of silver hovering near $15 an ounce). At a buy-it-now price of $208, this means the set has a very high premium over its melt value – almost 600%. These are definitely collector-oriented coins, as opposed to pure bullion pieces.
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