1/4 oz Mexican Gold Libertad
Product | Best Price | |
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1/4 oz Mexican Gold Libertad | As Low As
$859.76
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The ¼ oz Mexican Gold Libertad is part of the renowned coin series from the Mexican Mint. As such, they have a colorful production history and are one of the few mass-produced coins that derive significant value from their rarity.
¼ oz Mexican Gold Libertad Price
No matter what vintage of Libertad you’re considering, the initial valuation of it is based upon the spot price of gold. The spot price, while technically defined as the price for currently expiring gold futures contracts, is the industry standard that everyone uses as the market price for a troy ounce of gold.
On top of the spot price, every precious metals dealer charges a premium. The premium is a fee that the dealer attaches as a facilitation charge for the deal.
For ¼ oz Libertads, the premium ranges between 11% and 45%. Even putting aside the incredible markup at the top end of this range, ¼ Libertads are a bit more expensive than other coins of the same size.
The double-edged sword of the higher premium is that it is expensive on both ends of the deal. It will cost you more to buy a ¼ oz Libertad, but it will also likely be easier to get your money back when you resell it.
Find the Lowest Price on ¼ oz Mexican Gold Libertad
Now, while you might want to buy a more expensive version of the ¼ oz Libertad, the reality for most investors is that they are looking to save money where they can. So, let’s talk about the strategies you can use to keep the premiums as low as possible.
The first thing to do is probably the most important. You must shop around and find the best deal you can, either with an online dealer or an in-person one. However, you’re going to find better prices online, as online dealers don’t have the same overhead as the live ones
Now, while finding a good deal is very important, make sure to temper the offers you see with a bit of skepticism. For one thing, be wary about dealing with unscrupulous vendors. If you cannot confirm the authenticity and reputation of your chosen outlet, find someone else.
The other thing to watch (and they can both exist at the same time) is for deals that are a bit too good. Any deal at spot should be an introductory offer, nothing more, and you should never accept an offer for less than the spot price.
Once you’ve arrived at the dealer that you want to use, look at its selection of ¼ oz Mexican Gold Libertads. There are a few things to find that will keep you on the lower end of the premium spectrum.
- Look for coins that are circulated. Proofs or uncirculated coins are created with an increased level of effort and precision, and they are minted precisely as a way to increase revenues for the Mexican Mint.
- Try to select a random year option. There are certain years of Libertads that are especially rare and valuable, so you can cut down on the premium if you’re willing to accept a coin from the dealer’s existing inventory.
- Try to buy in bulk. If you do happen to find an option to buy multiple ¼ oz Libertads in a plastic tube or sheet and can afford the price, you should do so. Buying gold in bulk bears the same cost savings benefit that shopping at Costco does.
Description
The Mexican Libertad coin series has a bit of an uneven past. The Mexican Mint has not produced the entire series - from 1 oz to 1/20 oz - from time to time and has only minted the 1 oz coin in others.
The ¼ oz Gold Libertad debuted in 1981 along with the full-size coin and the ½ oz version. At the time, all three were minted in .900 fine gold, which is one of the lowest purity levels found in sovereign bullion coins.
After this issue, however, the mint chose to make only 1 oz Gold Libertads for the next decade. ¼ oz Libertads were unavailable until 1991, when the mint reintroduced the ½ oz and ¼ oz coins along with two smaller denominations (1/10 oz and 1/20 oz). Interestingly, the new releases featured coins minted in .999 fine gold.
The Mexican Mint released these gold coins until 1994, then ceased all production for the next five years. The ¼ oz Libertads returned in 2000, disappeared in 2001, then reappeared for good in 2002.
Besides the checkered production schedule, the availability of gold Libertads is further limited by an intentionally low comparative mintage. Where many sovereign mints can stamp more than 1 million bullion coins in a single year, the Mexican Mint has sometimes produced less than 100,000.
No matter the year of its mintage, a ¼ oz Gold Libertad will have the same obverse and reverse. On the front of the coin, the Mexican crest appears. This symbol should be familiar to all, as it is the image of a golden eagle atop a cactus eating a rattlesnake that adorns the Mexican flag.
The reverse features a winged representation of Victoria, the goddess of victory, superimposed in front of Mexico’s two sacred volcanoes, Popocatepetl and Iztaccihuatl. The image is of particular meaning to Mexicans, as a similar statue commemorates Mexico’s successful battle for independence from Spain in 1810.
Coin Highlights
There are a few salient details that will give you a reasonable understanding about what the ¼ oz Mexican Gold Libertad has in store. Those highlights include:
- ¼ troy ounce of gold.
- Most coins minted with .999 fine gold.
- 1981 coins minted with .900 fine gold but may have equal premiums due to rarity.
- Obverse features a Mexican crest, with an eagle eating a snake on a cactus.
- Reverse features winged Victory, a symbol of Mexican independence, in front of volcanoes Popocatepetl and Iztaccihuatl.
- No coins minted between 1982 - 1990, 1995 - 1999, and 2001.
- No specified face value.
Buying Fractional Coins
Buying a ¼ oz Gold Libertad, rather than a full-size (1 oz) one, is usually a price-centric decision. Given the current spot price for a full ounce of gold, ¼ oz coins offer the chance to own gold for hundreds, not thousands, of dollars.
However, be aware that the premium percentages on fractional coins are usually much higher than the premiums on equivalent 1 oz coins. If you want to get the most bang for your buck, you are better off splurging for the bigger coins.
There’s no shame in buying smaller, though. If you have wisely concluded that you need to add valuable gold to your portfolio and your budget is a bit tighter, then buying a fractional Gold Libertad may be the right choice for you. We just want to make sure you understand the tradeoff you’re taking for the lower overall price.
Specifications
Bullion Dealers |
JM Bullion, Provident Metals, BGASC, Silver.com |
Years minted |
1981, 1991 - 1994, 2000, 2002 - present |
Mint Mark |
MO - Mexico City |
Purity |
.900 (1981) / .999 (all other mintages) |
Manufacturer |
Mexican Mint |
Issuing country |
Mexico |
Diameter |
23 mm |
Thickness |
1.4 mm |
Obverse design |
Mexican crest/coat of arms |
Reverse design |
Winged victory |
Edge design |
Reeded |
Packaging type |
Plastic flip |
Shipping costs |
JM Bullion (free over $199) |