2013 Gold Libertads for Collectors Posted by Brian Ford on April 29, 2013
Maximizing the value of your coin collection is a delicate balance in the modern era of gold and silver. A semi-numismatic coin, sometimes defined as a modern bullion coin with a low mintage, will sell for a small premium over the melt value of the metal in the coin, but has the added advantage of gaining value based on the low mintage.
Higher quality examples of semi-numismatic coins can fetch much higher amounts on secondary markets. Common-date pre-1933 gold coins of a lesser grade are also considered semi-numismatic, balancing a larger mintage with already established market value. This genre of coins have suffered somewhat in recent years with higher numbers put on the market, particularly pieces that have been damaged by wear or cleaning. Premiums on the higher-grade coins, particularly certified examples, have risen greatly.
Mintage rates for coinage from Mexico, China, and Australia are much more limited than the coins minted in the U.S., Canada, South Africa, and Austria. Coins from the countries in the first grouping may become harder to find over time, giving the coins more potential for semi-numismatic qualities.
Chinese Gold Pandas and Mexican Gold Libertads show many examples selling for substantial premiums in the years after they were minted. These coins, minted as bullion, attained semi-numismatic value, increasing their worth in any coin collection. Australian Lunar Coins in the one-ounce denomination have done the same.
Chinese Gold Pandas sell for multiples of the value of their gold, in the earlier examples. Mintages, however, have increase in recent years, but are still more subdued than the mintage levels for American Gold Eagles, Gold Maple Leafs, Krugerrands, and Austrian Philharmonics.
At times like this, when premiums on all bullion coins reflect significant value over the cost of the metal, some coins, soon after their issue, can be obtained reasonably cheaply with the possibility of gaining semi-numismatic value over time.
The recent price dip in the gold market has increased awareness of the value of numismatic and semi-numismatic coinage, which were more immune to the price fluctuations of the gold market than common bullion coin. Though the gold market has already regained half of the value it lost in the spot price, semi-numismatic coins, such as a PCGS MS-70 2012 Mexican Gold Libertad, which might have been purchased close to the underlying melt value, belongs to a reasonably low mintage at 3,000 as well as being one of only forty-two coins graded in its class by PCGS.
Even purchased at price levels last year, the PCGS MS-70 2012 Mexican Gold Libertad sells for $200 over the melt value today as well as retaining very low numbers in terms of its grade. The value of semi-numismatic coinage of all types may be highlighted in this market.