Louis Golino

Modern Numismatics

Louis Golino

Louis Golino has been a collector of American and world coins since childhood and has written about coins since 2009. In addition to writing about modern coins and other numismatic issues for Coin World, he writes a monthly column for The Numismatist magazine and has written for other coin publications. In 2017, for  “Liberty Centennial Designs,” in Elemetal Direct, he was presented with the Numismatic Literary Guild's award for best article in a non-numismatic publication. He is also a founding member of the Modern Coin Forum. 

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Libertad Update

This year the Mexican mint encountered some delays with production of its popular and widely collected silver and gold Libertad coins.

As a result, mintages for the silver and gold coins, which are typically available by about this time, are not yet available. 

Pat Stovall of Lois and Don Bailey Numismatic Services, one of the direct distributors of coins from Mexico, said: “I suspect they will be continuing to supply and ship coins to the bank [the Banco de Mexico, which distributes the mints coins] until or before they reach their deadline of 12/31/16.”

The silver kilo proof-like Libertad is expected to be available soon.  Those coins usually have mintages in the hundreds and previous issues are very hard to obtain.  Choice Bullion is currently taking pre-orders for this issue at $895.00.

I also have some exciting and exclusive information about the 2017 silver kilo coin.  The Banco de Mexico is considering issuing the first-ever high relief kilo next year, which would be a huge hit, but at this point it remains unclear whether that coin has been authorized.

The mint has considered producing high relief Libertad proof coins in the past, but the sizes smaller than one kilo do not provide enough thickness to strike them in high relief. 

Past proof-like kilos do have higher relief than smaller Libertads, so a kilo with even higher (perhaps ultra high relief) would be amazing.

There is also a regular uncirculated kilo coin that sells closer to its melt value, and the 2016 coin is already available.

As for the gold coins, both the uncirculated and proof versions were delayed and are just being released now.

The proofs are often only released in 5-coin boxed sets with a mintage of around 500, and buyers of individual coins often have to obtain them from sellers wiling to break up some of their sets.

But for 2016 the mint is issuing 1600 individual coins of each size (1 ounce, ½ ounce, ¼ ounce, 1/10th ounce, and 1/20th ounce) plus 500 for the sets for a total mintage of 2,100 coins.

Though higher than recent years’ mintages, they are still very low numbers for modern gold proof coins, especially if you consider that they are sold at lower premiums overs their spot value than American Gold Eagles, let alone more pricey world proof coins.  And gold Libertads have a good track record of increasing in value.

The BU gold coins have no announced mintages, and that information will likely be released along with the mintages for all the silver issues sometime early in 2017.

The BU gold pieces are also typically very low mintage coins that do well in the aftermarket with some coins in the low hundreds. 

When it comes to getting more bang for your bucks, it is hard to beat the combination of low initial premiums and much higher premiums down the road that gold Libertads provide.  That is if you can buy them before they disappear.

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Older Comments (2)
I expect mintages to be slightly higher for everything coming out of the Banco De Mexico this year due to strong demand, they seem to be pretty straight up in their production decision making.
And you're right Sir about the Libertads not sticking around long. As long as I have followed the Libertads, they have only been easy to get during pre-sales or as soon as they become available.
I probably should credit you for prompting me to take a look at the coins from Mexico. The more I do, the more fascinated I have become in them. So, yes, I've become a fan.