There is good news and bad news on the libertad front.
The good news: the seven-coin Proof set mintage remains fixed at 250 sets, signaling that this series has legs.
The bad news: 250 sets.
This year’s set featuring the 5 oz, 2 oz, 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, and 1/20 oz silver Proof libertad coins has come and gone already. As with the previous two years, this hyper-rare set is limited to 250 sets and, unless you have a contact with one of the sellers who gets their limited sets directly from the mint, the secondary market will have to serve as the marketplace.
As the past two years have shown, demand for libertads — and in particular silver Proof libertads — remains in an orbit of its own, tethered neither to precious metals or politics, thanks to the rabid, treasure-hunting collectors of these beautiful coins.
Message boards that posted availability in comment threads or through email invitations had a roughly two-hour window, after which the seven-coin set exited the collector’s sphere of availability and moved into its expected “wish I’d gotten that before it went up” status. The 2014 set seems to have settled into the $1,200-$1,400 range, while last year’s set hovers between $900 and $1,100. Boxes and COA’s drive the prices on these sets up significantly, as they can be put together raw without the 250-set limitation, for hundreds of dollars less.
One interesting area that libertad value has ballooned in the past year has been the silver fractionals. The 1/4 ounce silver Proof, which could be found for $20-$40 a few years ago, now goes for $125-$300 graded in 69 or 70, and raw examples (depending on the year) have gone for upwards of $1,000. Collectors seem to have caught on that the mintage of the silver fractional sets are minuscule and that quarters with naked angels on the front are just as enjoyable to collect as those featuring George Washington.
This is just the start of the year in liberated news, so there is plenty of time for everyone to get in on the action. To those of you who have already secured your Magnificent Seven Proof set: sit back and enjoy your victory e-cigars.