2011 kilo libertad price check.

Shippeevt said:
mmissinglink said:
The 2011 BU kilo is by far the most common of the kilo Libertads...so you should pay the least premium in my view....

http://www.free-bullion-investment-guide.com/mexican-silver-libertad-one-kilo.html



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Thanks for the link never have seen the mintage figures on the kilo's. Yea so probably around 575-600usd would be a decent snag...
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I'm not entirely sure what a good price for a BU Libertad kilo is but I do know that there are more 2011 BU kilos than any other BU kilo and most definitely more than the PL (Proof-Like) Libertad kilos. Therefore, these are not key issues and a high premium is definitely not warranted.

Also, keep in mind that you will probably want to replace the capsule of the coin if you decide to buy it and capsules plus shipping may be more of an expense than you think. That must be factored into the sale price, in my view. Some people may consider raw (ungraded) BU Libs as "spot play" meaning that the price you pay should be close to spot because it's a bullion coin.

I personally like Libertads....they are a good design (good symbology) so I'm not going to steer you away from buying a BU kilo, just saying that you shop around; $575-$600 USD seems a good price judging by APMEX's buy price of $537.15.







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Shippeevt said:
Went for to much... 622usd. There is another one but its already at that.
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Perhaps that's the going price....but ultimately, we are the one's who must determine for ourselves what is and what isn't a good price.

I'd bet that 4 years ago when that coin was first released for sale to the public, some people were gladly paying $1,400 for that coin. It's strange how value, desire, and "it's the right price" play together, right? Sometimes they are best of buddies and sometimes they don't want to have anything to do with each other.



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Please Note: As mentioned above, this is a circulated item and both the coin and capsule show signs of wear from being circulated. This includes slight scuffs and scratches, cracks in the capsule and areas of toning or other blemishes. These coins are in great condition overall and the mintage is sold out worldwide. These are the last. If you would like a brilliant uncirculated quality item, please do not bid on this auction. There are no refunds on this or other bullion items.

:|


I picked up a BU from Scottsdale earlier this year. Paid like $700.

Of course, it was *uncirculated* -- it didn't have that verbiage.


It was also a 2012, which has only like a third of the mintage of the 2011. It may also possibly be a semi-key date, as it might be the last of the BU's. (There's at least a gap, anyway.)

Finally, spot was like a buck higher at the time.


Anyway, given Scottsdale's description above, that really has to be taken into consideration re: pricing.

Who knows what the extent of quality it may or may not be.
 
How could a Kilo Libertad ever be "circulated"? I guess what that really means is someone owned it and treated it badly so now it is crappy looking (compared to when it left the mint)?

I remember a year or so ago one of my local guys had a fancy kilo Libertad in the wooden display box but wanted something like double melt value. I don't remember what year it was, but that was too much for me to pay. I didn't know they had come down so much in price today. Probably was one of the coolest looking "coins" I had seen in person.

Jim
 
Yea I wouldn't mind having a proof like kilo they are nice! but that's a lot of money to put on collector value, for me at least. The collector game is hard for me to do. All the kilo coins I have are just BU at 20 or less per oz.
 
mmissinglink said:
Shippeevt said:
Went for to much... 622usd. There is another one but its already at that.
Click to expand...



Perhaps that's the going price....but ultimately, we are the one's who must determine for ourselves what is and what isn't a good price.

I'd bet that 4 years ago when that coin was first released for sale to the public, some people were gladly paying $1,400 for that coin. It's strange how value, desire, and "it's the right price" play together, right? Sometimes they are best of buddies and sometimes they don't want to have anything to do with each other.



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Click to expand...



Silver spot was alot higher back then. so 1400 would have been close to spot. I remember Apmex selling them for only a few $/oz over spot.
I also remember them stating that the BUs were an EU release. I dont remember anybody else in the states selling them.
 
freechance said:
mmissinglink said:
Shippeevt said:
Went for to much... 622usd. There is another one but its already at that.
Click to expand...



Perhaps that's the going price....but ultimately, we are the one's who must determine for ourselves what is and what isn't a good price.

I'd bet that 4 years ago when that coin was first released for sale to the public, some people were gladly paying $1,400 for that coin. It's strange how value, desire, and "it's the right price" play together, right? Sometimes they are best of buddies and sometimes they don't want to have anything to do with each other.



.
Click to expand...



Silver spot was alot higher back then. so 1400 would have been close to spot. I remember Apmex selling them for only a few $/oz over spot.
I also remember them stating that the BUs were an EU release. I dont remember anybody else in the states selling them.
Click to expand...



Yes, that's exactly my point. The BU's are tied to the spot price, that's why in 2011 they might have been a good price at $1400 USD but maybe not a good buy.



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Jim4silver said:
How could a Kilo Libertad ever be "circulated"? I guess what that really means is someone owned it and treated it badly so now it is crappy looking (compared to when it left the mint)?

I remember a year or so ago one of my local guys had a fancy kilo Libertad in the wooden display box but wanted something like double melt value. I don't remember what year it was, but that was too much for me to pay. I didn't know they had come down so much in price today. Probably was one of the coolest looking "coins" I had seen in person.

Jim
Click to expand...


There are some stackers who don't care one iota about the condition of the bullion coins they buy. So it's certainly possible that there are "circulated" (handled) Libertad kilo BU coins.


The Libertad PL kilo is a very different product. The finish has quite a different look because it is struck more than once. It actually has a reverse proof finish. The PL kilo is the one that comes in the fancy wood box...the BU does not. The PL comes with a Mexico Mint COA, I believe the BU does not come with a COA. The PL kilo has a much lower mintage than the BU. One would have to be a blatant fool to buy a PL kilo Lib and then handle the raw coin as if it were a blob (non-denom, generic, common, bullion bar/round).


I'm convinced that there are people who are perpetrating a fraud. I have heard that there are some people who buy both the BU the PL kilo, send in the PL kilo to get graded and then put the BU kilo in the PL box and sell it as if it was the PL collector version. That's fraud.

For example, here's an ebay listing for a genuine PL kilo: http://www.ebay.com/itm/Libertad-20...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

and here is a listing for a BU Libertad put into a PL kilo box: http://www.ebay.com/itm/2011-Mexico...508?pt=LH_DefaultDomain_0&hash=item25a49314dc This, I believe, was a somewhat fraudulent sale because the seller wasn't emphatic about the fact that the box was taken from a PL kilo and that this coin did not come from the mint in the box shown. Buyer beware.

This listing is for a BU kilo with a COA would have some thinking that this must be the PL collector version, but it's not. Again, buyer beware: http://www.ebay.com/itm/2012-Mexico...867?pt=LH_DefaultDomain_0&hash=item4ae6b75e83

There's no way that you will find a genuine uncirculated PL kilo for close to spot...that just isn't going to happen (unless you find a fool selling it that way, then good for you if you can take advantage of that fool). Today, I think the lowest normal pricing you will find on a genuine PL kilo is over $900 USD....and more if you are buying a key year - 2013 - 2014.



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Shippeevt said:
Yea I wouldn't mind having a proof like kilo they are nice! but that's a lot of money to put on collector value, for me at least. The collector game is hard for me to do. All the kilo coins I have are just BU at 20 or less per oz.
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proof like 2013 lowest mintage around 1.2K one year ago.
 
andrewlee10 said:
Shippeevt said:
Yea I wouldn't mind having a proof like kilo they are nice! but that's a lot of money to put on collector value, for me at least. The collector game is hard for me to do. All the kilo coins I have are just BU at 20 or less per oz.
Click to expand...

proof like 2013 lowest mintage around 1.2K one year ago.
Click to expand...

Incorrect, 400 mintage in 2013
 
Justfishin said:
andrewlee10 said:
Shippeevt said:
Yea I wouldn't mind having a proof like kilo they are nice! but that's a lot of money to put on collector value, for me at least. The collector game is hard for me to do. All the kilo coins I have are just BU at 20 or less per oz.
Click to expand...

proof like 2013 lowest mintage around 1.2K one year ago.
Click to expand...

Incorrect, 400 mintage in 2013
Click to expand...


He was talking about the price, not the mintage being $1.2K.



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