TYPE II TYPE 2 MEXICO 1991 OnZa LIBERTAD KM-493.4

I have searched the Internet for an explanation about this variety. Let me add that my search hasn’t been that long or extremely arduous but I did make an attempt. The best explanation I heard was from a guy named Dave from Baja Numismatics. I met him for the first time at the Arlington Texas show in May 2016 when I asked to look through his stock. He was just setting up, and was kind enough to let me take a peek through his Onza boxes for sale. It’s usually best to let the dealer set up as they can get cranky, and I’m not talking about Dave. I’m talking about me when I would set up. Lol

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He handed me the first box, and I looked through multiple years. Then the second box, and spotted the Type I 1991 ONZA and Type II 1991 OnZa tabs in order. The 1991 Type I’s were too banged up for me to buy a single one. However, I scored a couple 1991 Type II’s, and kept moving along to the next few years which I thought were attractive. I picked two 2000’s, a few 2004’s, couple 2005’s, and two 2006’s. Then I picked up a very colorful 2003 2 Oz which I thought was very nicely toned.

I asked if he had any 1998’s since the first one I ever bought luckily graded MS 69 by NGC. He mentioned he had sold the better of the two 1998’s recently, and the other coin was at home in New Mexico. He looked at what I picked out, mentioned the 1991 Type II OnZa’s were only found in these sets, and the reason for the revamped die design is unknown.

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The purported mintage he mentioned to me was 50,000 sets, and I think he mentioned that the 1991 Type II OnZa may be tougher to get than the 1998 Onza. This was all new information to me. I had some idea the variety was worth more but how much more I wasn’t really sure but I took the risk. From what Dave mentioned to me I concluded the only way to get the Type II 1991 OnZa is by breaking up a 1991 mint set of five coins.

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Why the die design was switched to strike mint sets remains a mystery that maybe someone out there has an answer to share. Possibly there is no explanation for the switch from ONZA to OnZa for the year of 1991. We do know that the Mexican Mint did switch to the Type II 1991 OnZA design for the 1992 mintage, and sequential mintages up until 1995. Then the design completely changes as we know to the new “Winged Liberty” until present day 2016 when this was written.

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I’m fairly certain the 1991 Type II OnZas were not issued in mint rolls as the 1991 Type I ONZA. I have yet to see a Type II 1991 mint issued roll on eBay, and I could be completely wrong. However this was written to support the theory that only 50,000 OnZa 1991 Type II were issued and let’s take a look at the population reports.

NGC POPULATION REPORT AS OF 08/12/16 FOR THE 1991 TYPE II ONZA KM-494.3

MS 63 MS 64 Ms 65 MS 66 MS 67 MS 68 MS 69 MS 70
0          0           1           2         13          8          2         0

PCGS POPULATION REPORT AS OF 08/12/16 FOR THE 1991 TYPE II ONZA KM-494.3

MS 63 MS 64 Ms 65 MS 66 MS 67 MS 68 MS 69 MS 70
1           1          0           0          2          10         5         0

There are a total of only 45 graded 1991 Type II OnZa coins graded by both companies as of 08/12/16. In comparison to the 1998 business strike that has a low mintage of 67,000 the 1991 Type II may possibly be harder to obtain that the 1998 OnZa. Only time will tell.

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I have also discounted the fact that more may be submitted of either date in the future. Anything is possible with coins but conversely some of these coins may have been melted as well at anytime. These are unknowns and we can base some type of logical conclusion by what data is available today.

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Prices fluctuate with demand as markets may remain unpredictable. More supply may enter the marketplace at anytime to suppress prices or supply may not be available and prices may stay firm or rise. The science of trying to pinpoint prices may drive a person crazy as it’s not exact with many changing variables at anytime.

“Past prices don’t indicate future performance” is a common catch phrase used amongst those that sell financial products such as mutual funds within the investment industry. Which is true and collectibles function somewhat in the same manner. What’s hot today may not be hot tomorrow. Or. Vice versa.

Thanks for reading my thoughts, and enjoy the day.

Sincerely,

Sanjay

Mexican or Mexico Silver Bullion Onza Libertad

The ONZA or Libertad 1 Oz. Silver bullion series from The Mexican/Mexico Mint is one of the most widely collected and popular bullion issues available in the marketplace today. Collectors can easily purchase these coins at Apmex and eBay on a regular basis with plenty of different dates available. Both graded/slabbed and ungraded coins are available.
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Coin shows and local coin shops are also another good source to find these coins as well. But the easiest, quickest, and most frequent place to source these coins would be at eBay. Although this series is not as popular as “The Panda” series from The China Mint, this series may become just as popular in the coming years.

In comparison to the Panda series there are less Onza/Libertad silver coins minted, and available in the marketplace today. The collector base for the Panda is much larger though than the Libertad/Onza market. In my humble opinion, demand may drive prices even higher in the not so distant future for ultra high grade examples of certain dates.

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Soon enough more collectors may want to complete registry sets of this series. Who possibly may pay more for BU/Gem examples as competition increases. After all, when competing, coming in second means you lose or it can bring one great satisfaction for making an effort. Half empty or half full? For you to decide-

This market is not as hot as the Panda market as I see it currently. It’s hotter, there are always collectors that are willing to pay massive premiums for attractive, toned, and pristine examples. Some issues are found only in mint sets issued by The Mexico Mint such as the example pictured below which is a variety.

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An Onza from 2007 or earlier one can expect to pay some insane price for a pristine example as MS 69’s are commanding healthy premiums. This trend will continue in my opinion as some years are very difficult to find in stellar shape than others.

After all they were sold as bullion, and who knew people would actually collect a bullion coin. There is almost a collector for everything and anything nowadays. People collect used McDonalds Big Mac packaging from 1982. The original pickles and onion make the packaging more valuable 😉

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Bullion is extremely condition sensitive, it’s 99.99% pure, has high points, soft, and prone to get banged up very easily. Once these bullion coins come out of the roll who knows what type of journey they may have in the future. More than likely most Libertads were not stored as carefully as proof or circulation coins.

Even if coins are stored properly they could develop unsightly white spots that are known as “milk spots”. Collectors will pay up premiums for coins without these imperfections as the chase for perfection never seems to end. Here is a great article for you to read about milk spots.

A growing number of our population within the United States are of Mexican American descent. Many collectors always like to collect part of their heritage as I’ve noted in the past from my days of dealing.

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This series appeals to many different collectors worldwide. Trends do come and go with all collectibles markets, and some take longer to develop as well. This is one trend that is likely to continue for many years to come as I see it.

With limited mintages and a growing collector base, soon enough, collectors may possibly outstrip supply for more dates that are readily available today.

With that being said the prices may inevitably rise for pristine examples as demand rises as well. Best of luck with whatever you do with coins!

Thanks for reading my thoughts and enjoy the day-

Sincerely,

Sanjay