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First Majestic Buys Gatos Silver for $970m in Mexico Expansion

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First Majestic Silver has announced a definitive merger agreement with Gatos Silver to acquire all issued and outstanding shares of Gatos in a $970 million all-share transaction marks a major consolidation of silver mining assets in Mexico.

This acquisition is valued at $13.49 per Gatos share, with Gatos shareholders receiving 2.550 First Majestic shares for each Gatos share held. Gatos shareholders will own approximately 38% of the combined entity following the merger.

The acquisition will integrate Gatos’ high-grade Cerro Los Gatos mine into First Majestic’s existing portfolio, which includes the San Dimas mine in Durango and the Santa Elena mine in Sonora.

The merger consolidates three key silver-producing districts in Mexico and is expected to deliver cost savings, supply chain, and procurement synergies.

Additionally, First Majestic owns the La Encantada silver mine in Coahuila and the Jerritt Canyon gold project in Nevada.

This move is expected to boost the merged company’s silver-equivalent output to between 30 and 32 million ounces annually, including 15 to 16 million ounces of silver at all-in sustaining costs (AISC) of $18.00-$20.00 per silver-equivalent ounce.

The macroeconomic environment in Latin America has contributed to increased foreign investment and is expected to spur further mergers and acquisitions in the region throughout 2024 and into 2025.

Gatos Silver share price rose nearly 8% in pre-market trading after the announcement.

Mexico Silver Mining

Mexico has been the top producer of silver for more than a decade. In 2022, the country produced approximately 200 million ounces of silver, accounting for about 24% of the world’s total silver production.

Mexico’s geology is particularly favorable for silver mining, with abundant epithermal veins that contain high-grade silver deposits found alongside other metals like lead, zinc, and gold. The Sierra Madre Occidental and the Central Mexican Silver Belt are two of the most prolific silver-bearing regions.

While Mexico remains the top silver producer, the mining sector faces various challenges, including resource depletion at older mines, increased regulatory pressures, and security concerns in some regions. Despite these hurdles, investment in new silver mining projects continues to grow.

New exploration and mining operations are underway, especially as global silver demand increases due to its use in industrial applications such as electronics, solar panels, and electric vehicles.

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1776-1976 Bicentennial Quarters Worth Money

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Created to commemorate the 200th anniversary of the United States’ independence, US Bicentennial quarters were minted only in 1975 and 1976 and are among the most iconic coins in American numismatic history due to their unique reverse design. 

However, not all are created equal. Some Bicentennial quarters are worth more than others, particularly those with specific mint marks and condition or those that contain silver. In this article, we will explore the factors that make certain Bicentennial quarters valuable and how to identify the ones that contain silver.

History of the Bicentennial Quarters

In the mid-1970s, the U.S. Mint celebrated the nation’s anniversary by issuing special designs for the quarter, half dollar, and dollar coins. For the quarter, the Mint held a public competition to choose the reverse design. 

The winning design, created by Jack L. Ahr, features a colonial drummer boy with a victory torch encircled by 13 stars, symbolizing the original thirteen colonies. The obverse of the coin retains the familiar portrait of George Washington.

These coins were minted both in 1975 and 1976, but all bear the dual date “1776-1976” to signify the Bicentennial. No 1975 dated quarters were produced. While the brilliant uncirculated coins were released into circulation, special proof versions were also minted for collectors.

1776-1976 Bicentennial Quarter Mintages

1976-S Quarter (25 cents) Bicentennial San Francisco Mint

The Bicentennial quarters were produced in large quantities by the U.S. Mint at three primary locations: Philadelphia, Denver, and San Francisco. In addition to the standard circulation coins, there were also special proof and silver proof versions produced specifically for collectors. Below is a breakdown of the mintages from each mint location, including the special varieties.

  • Philadelphia Mint (No Mint Mark): These coins were struck for general circulation and do not have a mint mark. These coins were produced for general circulation. While they are not particularly rare, high-grade examples can still be valuable. Mintage: Approximately 809,784,016
  • Denver Mint (“D” Mint Mark): Similar to the Philadelphia Mint, these were produced for circulation and are marked with a “D” mint mark. Mintage: Approximately 860,118,839
  • San Francisco Mint (“S” Mint Mark):
  • Clad Proof Strikes: These proof coins were part of the standard proof sets sold to collectors. They have a mirror-like finish and were struck using a special process that produces sharper details. San Francisco Mint quarters in high grade or with silver content are among the most valuable. Mintage: Approximately 7,059,099
  • 40% Silver Uncirculated Strikes: These coins were included in special silver uncirculated sets sold by the U.S. Mint. They are composed of 40% silver and were not intended for circulation. Mintage: Approximately 11,000,000
  • 40% Silver Proof Strikes: These proof coins, also composed of 40% silver, were included in special three-coin Silver Proof Sets that also included the Bicentennial half dollar and dollar. Like the regular proof strikes, they have a mirror-like finish but are made of a silver alloy. Approximately 4,000,000

Bicentennial Quarter Value and Prices

While billions of 1776-1976 quarters were minted, just a fraction of them are worth more than their face value. The Bicentennial Quarter’s value depends on several factors, including condition, rarity, and whether it contains silver.

Condition (Grade)

As with any coin, the condition or grade of a Bicentennial quarter significantly impacts its value. Coins that have been circulated typically show signs of wear, which diminishes their value to collectors. Uncirculated or proof coins with high grades from a coin grading service, such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC), are generally worth more.

Mint State (MS) Coins: Bicentennial quarters that are graded MS65 or higher exhibit sharp details and few, if any, imperfections. Such coins can be worth $20 to $30, depending on the exact grade and market conditions.

Proof Coins: Proofs are struck using a special process that creates a mirror-like finish. These coins are usually sold directly to collectors by the U.S. Mint and were never intended for circulation. Bicentennial proof quarters, particularly those in perfect Proof-70 (PR70) condition, can fetch prices ranging from $10 to $50 or more, depending on demand.

Notable Bicentennial Quarter Varieties

1776-1976 Bicentennial Quarter Doubled Die Varieties

Doubled die coins are the result of a minting error where the die used to strike the coins has a misaligned or doubled image. Bicentennial quarters with doubled die errors are rare and can be quite valuable. The most famous doubled die variety for the Bicentennial quarter is found on the obverse, where the doubling is evident in the inscriptions “LIBERTY” or “IN GOD WE TRUST.” These coins can sell for $100 or more, depending on the extent of the doubling and the condition of the coin.

Off-Center Strikes

Off-center strikes occur when a coin is not properly aligned with the die during striking, resulting in a portion of the design being missing. Bicentennial quarters with significant off-center strikes are uncommon and can be worth several hundred dollars, especially if the date and design elements are still clearly visible.

1976 D Quarter, Double Clip

A clipped planchet is a coin that was struck on a metal blank that was not fully formed. These errors result in a coin with a missing section, usually along the edge. Bicentennial quarters with clipped planchets are relatively rare and can be worth $50 to $150 or more, depending on the size and location of the clip.

Full Drum Details

Many of the coins destined for circulation contained weak strikes and the details on the drum on the reverse are a sign to look for. 

How to Verify Silver Bicentennial Quarters

To determine if a Bicentennial quarter contains silver, you can use a few simple methods:

  1. Mint Mark: As mentioned earlier, silver Bicentennial quarters have an “S” mint mark, indicating they were struck at the San Francisco Mint.
  2. Weight: Silver quarters weigh more than their clad counterparts. A 40% silver Bicentennial quarter weighs approximately 5.75 grams, compared to 5.67 grams for a copper-nickel clad quarter.
  3. Edge Inspection: The edge of a silver Bicentennial quarter will appear uniformly silver, while a clad quarter will show a distinct copper stripe along the edge due to the copper core.
  4. Sound Test: Silver quarters produce a distinct, high-pitched ringing sound when dropped on a hard surface, unlike the duller sound of a clad coin.

Conclusion

The Bicentennial quarters are a beloved piece of American history, and while most are only worth their face value, some can be quite valuable. Quarters in high-grade condition, with mint errors, or those containing silver are the ones to look out for. Whether you’re a seasoned collector or a casual enthusiast, keeping an eye out for these valuable coins can be both rewarding and enjoyable.

If you come across a Bicentennial quarter in your pocket change, take a closer look—with silver prices trending higher, you might just have a small piece of history that’s worth more than you think.

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New Idaho Bullion Depository Opens Its Doors

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Utah based Precious Metals Dealer Money Metals Exchange has opened a new, state-of-the-art bullion depository in downtown Eagle. This facility, spanning 37,000 square feet, is designed to securely store precious metals for a wide range of clients, including individuals, businesses, family offices, governments, and financial institutions.

Money Metals Exchange - Eagle, Idaho Bullion Depository
Money Metals Exchange Idaho Bullion Depository

While it doesn’t have the machine-gun turrets found at Fort Knox, it is nonetheless being compared to the famous depository due to its significant capacity and security measures. The Eagle depository can store up to $100 billion in gold and silver, with the potential for expansion to 60,000 square feet.

According to the company, the bullion depository boasts the largest Class 3 vault in North America, which is the highest vault rating based on Underwriters Laboratories standards.

The facility is equipped with advanced security features, including 24/7 monitoring, secure access controls, and a security team composed of armed former law enforcement and military personnel.

This new depository not only enhances the security options available for precious metals storage in the Western United States but also brings additional employment opportunities to the Treasure Valley area.

The $28 million construction project involved a variety local Idaho businesses, including Wright Brothers Construction Co., Zions Bank, Erstad Architects, Integrated Security Resources, The Land Group, and Musgrove Engineering.

Money Metals Exchange, which currently employs around 100 people, processes approximately 40,000 gold and silver orders per month, serving nearly 750,000 customers in North America.

This new Idaho bullion depository adds a significant capability to the company’s existing infrastructure, potentially positioning it as a key player in the global precious metals storage industry.

The opening of this depository reflects the growing demand for physical precious metals, driven by concerns over currency debasement and economic uncertainty.

Facts About the Fort Knox Bullion Depository

The Fort Knox Bullion Depository is located in Kentucky, about 30 miles southwest of Louisville, situated inside the Fort Knox military base, providing an additional layer of security.

The depository was constructed in 1936 during the Great Depression in response to the need for a secure place to store the nation’s reservesr, which had been confiscated from the American people in 1933.

The depository’s security features include a combination of physical barriers, electronic systems, as well as armed guards. The vault door is blast-proof and is constructed of steel and concrete. The vault door is set to a time lock and can only be opened with multiple combinations known by different individuals.

Fort Knox houses approximately 147.3 million troy ounces of gold, a significant portion (roughly 56.35%) of the total U.S. gold reserves. The gold stored at Fort Knox is valued at over $200 billion, which fluctuates based on the current market price of gold.

The Fort Knox Vault it is not open to the public, and even high-ranking government officials rarely get to enter. The last official audit of the gold at Fort Knox took place in 1953 under the Eisenhower administration amid concerns over the adequacy and security of the nation’s gold reserves.

However, during the 1950s and 1960s, substantial amounts of gold were transferred from Fort Knox to foreign governments and central banks under the Bretton Woods system, during an era when the U.S. dollar was backed by gold, and other currencies were pegged to the dollar.

By the time Nixon closed the gold window in 1971, the U.S. gold reserves had declined significantly. It is estimated that the U.S. gold reserves were reduced from over 20,000 metric tons in the 1950s to around 8,133.5 metric tons by 1971.

About Money Metals Exchange

Already recognized for its extensive product inventory, competitive pricing, and superior customer service, the opening of this bullion depository and fulfillment center further solidifies Money Metals as a leader in the precious metals industry.

It has been named Best Overall Online Precious Metals Dealer by Investopedia multiple times and maintains an A+ rating with the Better Business Bureau. Money Metals Exchange reviews are overwhelmingly positive.

The new depository is positioned to further strengthen Money Metals’ role in the market, providing secure and cost-effective storage options that surpass those offered by traditional bank vaults and other facilities.

Money Metals offers a range of services, including the buying, selling, and storage of precious metals, gold loans, as well as investment options through IRAs and monthly purchase plans.

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Samsung Readies Silver-Carbon Battery, Analysts Price Prediction: $200/ounce

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comex silver bars in warehouse

The recent surge in gold prices above $2,500 has highlighted a stark contrast with silver, which has struggled to keep pace.

However, this dynamic might change due to a technological development from Samsung that could significantly increase silver demand.

According to retired financial analyst Kevin Bambrough post on X.com, Samsung’s new solid-state (SS) battery technology, which incorporates a silver-carbon (Ag-C) composite layer in its anode, could be a game-changer for the silver market, particularly as demand for electric vehicles (EVs) grows.

This innovation enhances battery performance, offering a 600-mile range, 20-year lifespan, and a rapid 9-minute charge time.

Each EV battery pack, containing around 200 cells, could require an estimated 1 kilo of silver each. The solid state battery is expected to have offer a 20 year life span, a range of up to 600 miles and can be charged in as little as nine minutes. Has a 20 year life span

If just 20% of global vehicle production (approximately 16 million EVs) were to adopt these batteries, it could increase annual silver demand by 16,000 metric tons, a substantial portion of the current global production of about 25,000 metric tons.

The potential increase in silver demand from the automotive sector, combined with existing demand from the solar industry, suggests a bullish outlook for silver prices. Bambrough even speculates that price of silver could reach its inflation-adjusted high of $200/oz within the next 10-15 years.

Currently, solid-state batteries are more expensive to manufacture than traditional lithium-ion batteries, potentially limiting their immediate adoption to higher-end vehicles like Lexus.

The roll-out of solid-state batteries will require significant investment in ultra-fast charging infrastructure, which could slow the adoption rate.

The demand for metals and alloys used in EV charging stations is also expected to grow, particularly for materials like stainless steel, aluminum, copper, nickel, and titanium.

This development underscores the potential for significant shifts in the silver market driven by technological advancements in the automotive industry, particularly with the growing focus on electric vehicles. As the market adapts to these innovations, silver may see increased demand, leading to potential price increases in the coming years.

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Wealthy Family Offices Buying Gold

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Gold has risen more than 12% year to do, continues to climb as it outpaces other assets.

A new report from the World Gold Council indicates that private purchases of gold reached 329 tonnes from April to June, a nearly fivefold increase from the previous quarter.

This surge in demand contributed to a total of 1,258 tonnes of gold being acquired during this period, marking the highest quarterly demand since records began in 2000.

Family offices, which manage the investments of ultra-high-net-worth individuals and families, are increasingly turning to gold as a way to preserve wealth in an uncertain economic environment. The report reflects a broader shift among the wealthy toward safe-haven assets driven by concerns over rising US government debt and the potential impact of interest rate cuts on bond yields.

In recent years there has been a significant increase in the population of ultra-high-net-worth individuals (those with $30 million or more in assets) has grown significantly, particularly in emerging markets such as Asia and the Middle East.

According to the World Gold Council (WGC), opaque or unreported purchases of gold bars have surged to record levels, particularly over the summer. These purchases are often made by private entities like family offices, whose transactions are harder to track compared to institutional investors.

OTC transactions in the gold market, which are often used to hedge positions in the futures market, are becoming increasingly significant. These transactions, while difficult to track, represent a growing component of overall demand for gold.

The Congressional Budget Office (CBO) has highlighted concerns that US government debt could reach levels not seen since World War II, especially if certain spending plans are implemented. This looming debt burden is another factor driving wealthy investors toward gold, as they seek to hedge against potential economic instability.

With the price of gold now over $2,500 per ounce, the price for a standard 400 oz LBMA “Good Delivery” Gold Bar is now over $1,000,000 USD.

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Mexican 50 Pesos Centenario Gold Coin

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The Mexican 50 Pesos Centenario Gold Coin is one of the most famous and sought-after gold coins from Mexico. It was first minted in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain, hence the name “Centenario.”

Mexico 50 Pesos Centenario Gold Coin

Centenario Design

Obverse: The obverse features the iconic image of “Winged Victory,” a depiction of the Roman goddess Victoria standing on a pedestal, holding a laurel wreath in her right hand and broken chains in her left. Behind her are the Popocatépetl and Iztaccíhuatl volcanoes. The date “1821” is inscribed to commemorate the beginning of Mexico’s independence.

Reverse: The reverse shows Mexico’s national coat of arms, featuring a golden eagle perched on a cactus, holding a snake in its beak and talon. The words “Estados Unidos Mexicanos” (United Mexican States) are inscribed around the eagle.

Centenario Specifications

The Centenario Gold Coin has a gross weight of 41.67 grams and contains 37.5 grams (1.2057 troy ounces) of pure gold, making it one of the largest and heaviest gold coins in circulation.

The coin is 90% gold (21.6 karats), with the remaining 10% being copper, which gives it a distinct reddish hue. The diameter of the Centenario is 37 mm, while the thickness is 2.69mm.

Historical Significance

The Centenario 50 Pesos Gold coin was initially minted in 1921, but its production continued in various years, with a notable reissue in the 1940s and 1950s due to the high demand for gold coins. Some of these later issues bear the original date of 1947, making them re-strikes rather than original coins.

Investment and Collectibility

Due to its large gold content and historical significance, the Centenario is a popular choice among investors and collectors. Its relatively low premium over the gold spot price makes it an attractive option for those looking to invest in gold.

The coin is also admired for its detailed and beautiful design, making it a favorite among numismatists.

Centenario 50 Pesos Coin Mintage History

YearMintage Amount
1921180,000
1922463,000
1923432,000
1924439,000
1925716,000
1926600,000
1927606,000
1928538,000
1929458,000
1930372,000
1931137,000
194389,000
1944593,000
19451,012,000
19461,588,000
1947309,000
1949-19724,449,554 *

Originally minted from 1921 until 1931, production of the Centenario 50 Pesos Gold coins was suspended because of diminished demand during the Great Depression when many countries removed gold coins from circulation.

From 1933 until 1974, during the time when gold ownership was illegal for regular citizens, 50 Pesos coins were exempt from the ban due to their numismatic value. The numismatic clause allowed for gold investors to become coin collectors as a way to bypass the prohibition on gold ownership.

Minting resumed in 1943 and continued through 1947 as demand for gold increased due to the second World War.

Production of restrike coins began in 1949 with all coins minted continued to bear the 1947 date. 1947 Centenario restrike coins continued to be minted through 1972.

In 1996, the Mexican Mint began another production run of restrikes and minted at least 7,954,777 coins. These restrike Centenario coins are commonly available in the market as investment-grade gold bullion coins.

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Gold IRA vs Physical Gold

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In today’s uncertain economic climate, ensuring your financial future is more important than ever. Investing in gold, either through physical coins and bars or via a Gold IRA, is one of the best ways to protect and potentially grow your wealth.

Gold has long been considered a safe haven, a hedge against inflation, and a form of portfolio protection against market volatility.

As a timeless store of value, gold has always been seen as a hedge against economic instability. But when it comes to investing in gold, the big question remains: should you opt for a Gold IRA or invest in physical gold?

Diversification of Your Portfolio

Diversification is one of the primary reasons people invest in gold. Adding gold to your portfolio can provide balance and reduce overall risk. While traditional portfolios are divided among stocks, bonds, and cash, true diversification involves spreading investments across different asset classes, regions, and industries.

Gold stands out because it tends to perform well even when other assets tied to Wall Street are underperforming. This makes gold a crucial hedge against market volatility. When a financial crisis hits, assets heavily reliant on Wall Street may suffer significant losses. However, gold typically rises in value during these times, providing a buffer against the downturn.

Why it matters: Gold’s negative correlation with the stock market means it can act as a stabilizer, helping to protect your portfolio during economic downturns.

Mitigation of Risk

Historically, gold has proven to be a steady and strong asset, maintaining its value even during market downturns. Unlike many other assets, gold is not dependent on the performance of the stock market, making it a safer investment during turbulent times. Its liquidity also adds to its appeal, as it can be easily converted into cash, offering a reliable safety net.

Why it matters: When markets are volatile, having an asset like gold that retains value can help mitigate losses in other areas of your portfolio.

Gold IRA: The Benefits and Challenges

What is a Gold IRA?

A Gold IRA (Individual Retirement Account) is a self-directed IRA that allows you to invest in physical gold, as well as other precious metals, in addition to the traditional investment vehicles like stocks and bonds. This type of IRA is governed by the same rules as other IRAs, but the key difference lies in the assets it holds.

Gold IRA Benefits

  1. Tax Advantages: Like other IRAs, a Gold IRA offers tax benefits. Contributions can be tax-deductible, and the gains on your investment grow tax-free until you start taking distributions in retirement. This tax-deferred growth is one of the major attractions of Gold IRAs.
  2. Physical Ownership: A Gold IRA allows you to own tangible gold. This can include gold bars and IRS-approved bullion coins. Owning physical gold can provide a sense of security, especially in times of economic uncertainty, as gold is often seen as a stable store of value.
  3. Professional Management: The custodian of your Gold IRA handles the paperwork, storage, and insurance for your gold, reducing the hassle of managing physical assets.
  4. Diversification: Including gold in your retirement portfolio adds an extra layer of diversification, potentially reducing risk.

Gold IRA Challenges

  1. Fees: Gold IRAs come with various fees, including setup fees, storage fees, and custodian fees, which can eat into your returns.
  2. Liquidity: Unlike stocks or bonds, gold isn’t as liquid. If you need to sell quickly, you might face challenges in getting the best price.
  3. Regulations: There are strict IRS regulations regarding the types of gold that can be included in an IRA, which limits your choices.

Physical Gold: The Benefits and Challenges

What is Physical Gold?

Physical gold refers to tangible gold assets like gold bars, coins, and rounds that you can purchase, hold, and store independently of any retirement account.

Physical Gold Benefits

  1. Direct Ownership: You have full control over your gold, which you can hold and store as you see fit. If you can’t hold it, you don’t truly own it.
  2. No Counterparty Risk: Being in possession of gold coins does not rely on any third-party financial institution’s solvency; its value is inherent and universally recognized.
  3. Liquidity: While it can be less liquid than some assets, physical gold is relatively easy to buy and sell in various markets.

Physical Gold Challenges

  1. Storage and Security: Storing gold securely is a significant responsibility and may involve additional costs, such as purchasing a safe, renting a safety deposit box, or contracting with a local depository.
  2. No Tax Advantages: Unlike Gold IRAs, there are no tax benefits associated with holding physical gold. There are also no reporting requirements when holding. However, reporting requirements vary at time of sale.
  3. Premiums Over Spot Price: Physical gold often comes with premiums above the spot price, which can reduce your return on investment.

Which is Better for You?

Risk Tolerance: If you’re comfortable managing tangible assets and are looking for an investment that you can physically hold, physical gold might be your best bet. However, if you prefer a hands-off approach with tax advantages, a Gold IRA could be more suitable.

Gold is a Defense Against Inflation

Gold is traditionally regarded as a hedge against inflation. During periods of high inflation, the value of paper currency tends to decrease, while the value of gold remains stable or even increases. This makes gold an attractive option during inflationary periods, such as the 1970s, when inflation peaked at 11% and gold’s annualized growth rate soared to over 30%.

Why it matters: In today’s economic climate, where inflation is rising, gold offers a way to preserve purchasing power and protect against the devaluation of currency.

Financial Goals: If your goal is long-term retirement savings with potential tax benefits, a Gold IRA aligns well with this objective. On the other hand, if you’re looking for a quick way to diversify your portfolio or want a hedge against short-term market volatility, physical gold might be more appropriate.

Storage and Management: If you don’t want to deal with the logistics of storing and insuring your gold, a Gold IRA provides a managed solution. However, if you value having full control over your assets, physical gold gives you that autonomy.

Funding a Gold IRA

To start investing in a Gold IRA, you must first fund the account. This is commonly done through a rollover from an existing retirement account, such as a 401(k), 403(b), TSP (Thrift Savings Plan), or another IRA. The process typically involves transferring the assets from your current retirement account to your new Gold IRA, which your IRA custodian can facilitate.

Distributions from a Gold IRA

When you reach retirement age and begin taking distributions from your Gold IRA, you have two primary options:

  1. In-Kind Distributions: You can take physical possession of the gold held in your IRA.
  2. Liquidation: You can sell the gold in your IRA and receive the proceeds in cash or a wire transfer.

Both options offer flexibility depending on your needs and preferences at the time of distribution.

When it comes to gold investing, both a Gold IRA and physical gold offer unique benefits and challenges. Your choice depends on your personal financial goals, risk tolerance, and how you prefer to manage your investments. By understanding the nuances of each option, you can make an informed decision that aligns with your long-term financial stability.

In a world of economic uncertainty, gold remains a timeless asset that can help safeguard your wealth for generations to come. Whether you choose a Gold IRA or physical gold, the key is to align your investment strategy with your financial goals to secure a prosperous future.

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Mexican Libertad Mintage History

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mexican-gold-libertad-5-piece-proof-set

1 oz Libertad Gold Coin Mintage History

YearMintage Amount
200215,000
2003500
20043,000
20053,000
20064,000
20072,500
2008800
20096,200
20104,000
20113,000
20123,000
20132,350
20144,050
20154,800
20164,100
2017900
20182,050
20192,000
20201,100
20211,050
2022
2023

Libertad 5 oz Silver Coin Mintage History

YearMintage Amount
199620,000
199710,000
19983,500
19992,800
20004,000
20014,000
20025,200
20036,000
20043,923
20052,401
20063,000
20073,000
20089,000
200921,000
20109,500
201110,000
20129,500
201310,400
20146,400
20159,500
201611,400
20175,050
201816,600
201918,000
20208,900
20216,060
20227,000
2023Not yet known

Libertad Kilo Silver Coin Mintage History

YearBullionProof
20082,003–
20094,000–
20104,000–
20116,000–
20122,300–
2013––
2014––
20152,000–
20162,000–
2017200–
2018500–
2019200–
2020500–
2021500–
2022Not yet knownNot yet known
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Federal Reserve Expected to Lower Rates At September Meeting

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The Federal Reserve has kept its benchmark interest rate unchanged at a two-decade high. The Fed’s rate-hiking campaign has been the most aggressive since the 1980s, and it sparked some turmoil in the banking sector, the stock market, and the global economy during this period.

However, following the recent jobs report, calls are growing for the Board to consider lowering interest rates sooner to minimize further meltdown in the economy into a full blown recession. Even though the market is now pricing in a 94% probability of a Fed rate cut in September.

Economists like Ryan Sweet, chief U.S. economist at Oxford Economics, have predicted that the Fed will likely use the July meeting to plant a seed that a cut in September is on the table.

Some economists, like those at Citi, have predicted that the U.S. Federal Reserve could slash interest rates by 200 basis points in its next eight meetings through the summer of 2025 as the U.S. economy slows down.

Jahangir Aziz, an analyst with JPMorgan, told CNBC that he expects a 50 basis point (bps) rate cut by the Federal Reserve in September and another during the November meeting.

The dollar is dropping primarily due to a combination of economic factors and global economic conditions.

One significant factor that is contributing to the lower dollar value is the Federal Reserve’s monetary policy that has led to an increase in the money supply, causing inflation to skyrocket in recent years.

Additionally, the ongoing trade tensions between the United States and China and Russia, have also contributed to the weakening of the dollar.

Investors often turn to gold as a safe haven during times of economic uncertainty or when they expect the value of the dollar to decrease.

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Upcoming Denver Coin Shows

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The Denver Metro Area has an active numismatic scene, catering to both seasoned collectors and newcomers with an interest in coins, currency, precious metals or other collectible items. The city also offers a diverse range of coin clubs, organizations, coin and specialty shops and other opportunities for those with a deeper interest in numismatics.

Denver Coin Shows

Denver Coin Club Show

  • The Denver Coin Club’s annual show is hosted at the Jefferson County Fairgrounds from August 16, 2024, and continues the next day. The show features more than 60 dealer tables featuring a variety of numismatics, silver rounds, gold bars and other collectibles and tangible investments.

Front Range Coin Club Fall Coin Show

Denver Coin Expo

  • The Denver Coin Expo is the largest coin show in the Rocky Mountains. This year, the Fall Show is at the National Western Complex in Denver on October 10 through October 12, 2024. Representatives from ANACS will be onsite providing grading and authentication services. The list of dealers is extensive, with more than 100 dealers from across the country.

Fort Collins Coin Club Holiday -One Day- Coin Show

  • The next Fort Collins Coin Club show will be held on Dec 7th, 2024 in Fort Collins, Colorado in the Columbine Room at the Lincoln Performing Arts Center.

Dealers at coin shows offer a wide range of coins, including ancient coins, world coins, and modern issues. New collectors can find everything from affordable starter coins to rare and valuable pieces.

Large coin shows and expos often feature educational seminars and workshops on topics such as coin grading, authentication, historical insights, and investment strategies. These sessions can be a great way for new collectors to deepen their numismatic knowledge.

Whether you are building a collection or investing in gold and silver coins, coin shows provide valuable resources and connections in the local numismatic and investment communities.

Denver Coin Shops and Numismatic Resources

The Denver Metro Area is home to several well-known Colorado coin shops and other resources that cater to collectors and precious metals investors.

Coin Clubs

Front Range Coin Club

  • Meetings and Events: The Front Range Coin Club (FRCC) meets the 2nd Thursday of each month. See their website for meeting locations and specific times. The club hosts two annual coin shows in the spring & the fall. The club is a member of the American Numismatic Association and the Colorado Wyoming Numismatic Association with a general interest in US Coin, Type Coins, World Coins and US Currency.

Denver Coin Club

  • Founded in 1935, the Denver Coin Club is dedicated to sharing and promoting the hobby of numismatics among both children and adults in the Denver, Colorado area.

    The club hosts monthly meetings featuring auctions, presentations on various numismatic topics, and opportunities for members to buy, sell, and trade coins.

    The Denver Coin Club organizes coin shows featuring numerous dealers and collectors. The next major show is is hosted at the Jefferson County Fairgrounds beginning August 16, 2024, and continues the next day, featuring numismatic and collector coins, currency, and precious metals.

Denver Coins Shops and Bullion Dealers

  • Based in Fort Collins, Prospector’s Gold & Gems is a unique player in the precious metals market that offers a range of unique and artisanal products that appeal to both traditional investors and collectors.
  • Based in Denver, Rocky Mountain Coin features a large assortment of coins, currency, bullion, exonumia, collectibles and related items.
  • Colorado Gold is in the business of buying and selling gold, silver and platinum in various forms, including rounds, coins and bars.