What is the value of a 1968 silver Mexico Olympic coin? The 1968 Mexico City Olympics were a momentous event in sports history, and the silver coins minted to commemorate the occasion are highly sought-after by collectors today. But what factors determine the value of these coins?
Editor’s Note: 1968 silver Mexico Olympic coins are valuable for several reasons. First, they are made of silver, a precious metal that has always been prized by collectors. Second, they are limited in quantity, as only a certain number were minted. Third, they are beautifully designed, featuring iconic imagery from the 1968 Olympics.
To help you better understand the value of 1968 silver Mexico Olympic coins, we’ve put together this guide. In it, we’ll discuss the different factors that affect the value of these coins, and we’ll provide some tips on how to determine the value of your own coins.
## Key Differences| Feature | 1968 Silver Mexico Olympic Coin || — | — || Mintage | 2,250,000 || Composition | .925 silver || Weight | 31.10 grams || Diameter | 40 millimeters || Obverse | Depicts the Olympic rings and the words “Mxico 1968” || Reverse | Depicts a running athlete || Value | Varies depending on condition and other factors |
Main Article Topics Factors that Affect the Value of 1968 Silver Mexico Olympic Coins How to Determine the Value of Your 1968 Silver Mexico Olympic Coins Tips for Buying and Selling 1968 Silver Mexico Olympic Coins
1968 Silver Mexico Olympic Coin Value
The value of a 1968 silver Mexico Olympic coin is determined by a number of factors, including its condition, rarity, and demand. Here are eight key aspects to consider when evaluating the value of your coin:
- Condition: The condition of the coin is one of the most important factors in determining its value. Coins that are in mint condition are worth more than those that are damaged or worn.
- Rarity: The rarity of the coin is another important factor in determining its value. Coins that were minted in small quantities are worth more than those that were minted in large quantities.
- Demand: The demand for the coin is also a factor in determining its value. Coins that are in high demand are worth more than those that are not.
- Silver content: The silver content of the coin is another important factor in determining its value. Coins that are made of pure silver are worth more than those that are made of a silver alloy.
- Weight: The weight of the coin is also a factor in determining its value. Coins that are heavier are worth more than those that are lighter.
- Diameter: The diameter of the coin is also a factor in determining its value. Coins that are larger in diameter are worth more than those that are smaller in diameter.
- Obverse design: The obverse design of the coin is also a factor in determining its value. Coins that have an attractive or unique obverse design are worth more than those that do not.
- Reverse design: The reverse design of the coin is also a factor in determining its value. Coins that have an attractive or unique reverse design are worth more than those that do not.
By considering all of these factors, you can get a good idea of the value of your 1968 silver Mexico Olympic coin. It is important to remember that the value of coins can fluctuate over time, so it is a good idea to have your coin appraised by a professional if you are planning to sell it.
Condition
When it comes to 1968 silver Mexico Olympic coins, condition is everything. A coin that is in mint condition will be worth significantly more than a coin that is damaged or worn. This is because collectors are willing to pay a premium for coins that are in pristine condition.
There are a number of factors that can affect the condition of a coin, including:
- Circulation: Coins that have been in circulation for a long period of time are more likely to be damaged or worn than coins that have been stored in a safe place.
- Cleaning: Coins that have been cleaned with harsh chemicals or abrasives can be damaged. It is important to clean coins only with gentle methods, such as soaking them in warm water or using a soft cloth.
- Storage: Coins that are stored in a humid or corrosive environment are more likely to be damaged than coins that are stored in a dry, climate-controlled environment.
If you are planning to sell your 1968 silver Mexico Olympic coin, it is important to have it graded by a professional coin grading service. This will ensure that you get a fair price for your coin.
| Grade | Description |
|---|---|
| Mint State (MS) | A coin that is in perfect condition, with no visible signs of wear. |
| Uncirculated (AU) | A coin that shows some signs of wear, but is still in very good condition. |
| Extremely Fine (XF) | A coin that shows moderate signs of wear, but is still in good condition. |
| Fine (F) | A coin that shows significant signs of wear, but is still in collectible condition. |
| Very Good (VG) | A coin that shows heavy signs of wear, but is still identifiable. |
| Good (G) | A coin that is heavily worn, but is still complete. |
| Fair (FR) | A coin that is very worn, but is still recognizable. |
| Poor (PR) | A coin that is so worn that it is difficult to identify. |
By understanding the importance of condition, you can ensure that you get the most value for your 1968 silver Mexico Olympic coin.
Rarity
The rarity of a coin is one of the most important factors in determining its value. This is because rare coins are more difficult to find, and therefore more desirable to collectors. The 1968 silver Mexico Olympic coin is a good example of a rare coin. Only 2,250,000 of these coins were minted, making them relatively scarce. As a result, these coins are worth more than other Mexican Olympic coins that were minted in larger quantities.
The rarity of a coin can also be affected by its condition. Coins that are in mint condition are more rare than coins that are damaged or worn. This is because mint condition coins are more difficult to find, and therefore more desirable to collectors. As a result, mint condition coins are worth more than damaged or worn coins.
The rarity of a coin is an important factor to consider when determining its value. Rare coins are worth more than common coins, and mint condition coins are worth more than damaged or worn coins. If you are planning to sell your 1968 silver Mexico Olympic coin, it is important to have it graded by a professional coin grading service. This will ensure that you get a fair price for your coin.
Here is a table that summarizes the key insights discussed in this section:
| Characteristic | Effect on Value |
|---|---|
| Rarity | Rare coins are worth more than common coins. |
| Condition | Mint condition coins are worth more than damaged or worn coins. |
Demand
The demand for a coin is determined by a number of factors, including its rarity, condition, and desirability. Rare coins are more in demand than common coins, and coins that are in mint condition are more in demand than coins that are damaged or worn. Desirable coins are those that are aesthetically pleasing, have historical significance, or are associated with a popular theme. The 1968 silver Mexico Olympic coin is a good example of a coin that is in high demand. This coin is rare, in mint condition, and desirable due to its association with the 1968 Mexico City Olympics. As a result, these coins are worth more than other Mexican Olympic coins that were minted in larger quantities and are not in as high demand.
The demand for a coin can also be affected by external factors, such as economic conditions and the popularity of coin collecting. When the economy is strong, people are more likely to invest in collectibles, such as coins. This can lead to an increase in demand for coins, and therefore an increase in their value. Similarly, when coin collecting is popular, more people are interested in buying coins. This can also lead to an increase in demand for coins, and therefore an increase in their value.
Understanding the demand for coins is important for anyone who is interested in buying or selling coins. By understanding the factors that affect demand, you can make informed decisions about which coins to buy and sell. You can also use this knowledge to track the value of your coins over time.
Here is a table that summarizes the key insights discussed in this section:
| Characteristic | Effect on Value |
|---|---|
| Demand | Coins that are in high demand are worth more than those that are not. |
| Rarity | Rare coins are more in demand than common coins. |
| Condition | Coins that are in mint condition are more in demand than coins that are damaged or worn. |
| Desirability | Coins that are aesthetically pleasing, have historical significance, or are associated with a popular theme are more in demand than coins that do not have these characteristics. |
Silver content
The silver content of a coin is an important factor in determining its value. This is because silver is a precious metal that has been prized by humans for centuries. Coins that are made of pure silver are worth more than coins that are made of a silver alloy because they contain more silver. The 1968 silver Mexico Olympic coin is a good example of a coin that has a high silver content. These coins are made of .925 silver, which means that they are 92.5% pure silver.
- Purity: The purity of the silver in a coin is measured in thousandths. The higher the purity, the more valuable the coin. The 1968 silver Mexico Olympic coin has a purity of .925, which means that it is 92.5% pure silver.
- Weight: The weight of the silver in a coin is also a factor in determining its value. The heavier the coin, the more silver it contains. The 1968 silver Mexico Olympic coin weighs 31.10 grams, which is equivalent to 0.98 troy ounces.
- Alloy: The alloy that is used to make a coin can also affect its value. Some alloys, such as copper, can make a coin more durable. However, other alloys, such as nickel, can make a coin less valuable. The 1968 silver Mexico Olympic coin is made of a silver-copper alloy, which gives it a beautiful appearance and makes it durable.
By understanding the silver content of a coin, you can better understand its value. The 1968 silver Mexico Olympic coin is a valuable coin because it has a high silver content, a high purity, and a desirable alloy.
Weight
The weight of a coin is an important factor in determining its value because it is an indication of the amount of precious metal that the coin contains. The heavier the coin, the more precious metal it contains, and therefore the more valuable it is. This is especially true for silver coins, as silver is a relatively heavy metal.
The 1968 silver Mexico Olympic coin is a good example of a coin whose value is affected by its weight. These coins weigh 31.10 grams, which is equivalent to 0.98 troy ounces. This makes them relatively heavy coins, which contributes to their value.
Another factor that affects the value of a coin’s weight is its purity. The purity of a coin is measured in thousandths, and the higher the purity, the more valuable the coin. The 1968 silver Mexico Olympic coin has a purity of .925, which means that it is 92.5% pure silver. This high purity, combined with its weight, makes the 1968 silver Mexico Olympic coin a valuable coin.
Here is a table that summarizes the key insights discussed in this section:
| Characteristic | Effect on Value |
|---|---|
| Weight | Heavier coins are worth more than lighter coins. |
| Purity | Coins with a higher purity are worth more than coins with a lower purity. |
By understanding the relationship between weight and value, you can better understand the value of the 1968 silver Mexico Olympic coin. These coins are valuable because they are heavy and have a high purity.
Diameter
The diameter of a coin is an important factor in determining its value because it is an indication of the coin’s size and weight. Larger coins are typically worth more than smaller coins because they contain more metal. This is especially true for silver coins, as silver is a relatively heavy metal.
The 1968 silver Mexico Olympic coin is a good example of a coin whose value is affected by its diameter. These coins have a diameter of 40 millimeters, which is larger than the diameter of most other Mexican coins. This makes them more valuable than smaller Mexican coins.
Another factor that affects the value of a coin’s diameter is its rarity. Rare coins are more valuable than common coins, and this is especially true for large coins. This is because large coins are more difficult to produce than small coins, and therefore they are less common.
The 1968 silver Mexico Olympic coin is a relatively rare coin, and this contributes to its value. These coins were only minted for one year, and only a limited number of them were produced. This makes them more valuable than other Mexican coins that were minted in larger quantities.
By understanding the relationship between diameter and value, you can better understand the value of the 1968 silver Mexico Olympic coin. These coins are valuable because they are large, rare, and made of silver.
| Characteristic | Effect on Value |
|---|---|
| Diameter | Larger coins are worth more than smaller coins. |
| Rarity | Rare coins are worth more than common coins. |
| Material | Coins made of precious metals are worth more than coins made of base metals. |
Obverse design
The obverse design of a coin is the design that appears on the “heads” side of the coin. This design can vary greatly from coin to coin, and it can have a significant impact on the coin’s value. In the case of the 1968 silver Mexico Olympic coin, the obverse design features the Olympic rings and the words “Mxico 1968”. This design is simple and elegant, and it is one of the reasons why these coins are so popular with collectors.
- Artistic merit: The artistic merit of the obverse design is one of the most important factors in determining its value. Coins with obverse designs that are considered to be particularly beautiful or unique are worth more than coins with obverse designs that are more common or less aesthetically pleasing.
- Historical significance: The historical significance of the obverse design can also affect its value. Coins with obverse designs that commemorate important historical events or are worth more than coins with obverse designs that do not have the same historical significance.
- Rarity: The rarity of the obverse design can also affect its value. Coins with obverse designs that are rare are worth more than coins with obverse designs that are more common.
In the case of the 1968 silver Mexico Olympic coin, all three of these factors contribute to its value. The obverse design is considered to be very attractive, it commemorates an important historical event, and it is relatively rare. As a result, these coins are worth more than other Mexican Olympic coins that do not have the same obverse design.
Reverse design
The reverse design of a coin is the design that appears on the “tails” side of the coin. This design can vary greatly from coin to coin, and it can have a significant impact on the coin’s value. In the case of the 1968 silver Mexico Olympic coin, the reverse design features a running athlete. This design is simple and elegant, and it is one of the reasons why these coins are so popular with collectors.
- Artistic merit: The artistic merit of the reverse design is one of the most important factors in determining its value. Coins with reverse designs that are considered to be particularly beautiful or unique are worth more than coins with reverse designs that are more common or less aesthetically pleasing.
- Historical significance: The historical significance of the reverse design can also affect its value. Coins with reverse designs that commemorate important historical events or are worth more than coins with reverse designs that do not have the same historical significance.
- Rarity: The rarity of the reverse design can also affect its value. Coins with reverse designs that are rare are worth more than coins with reverse designs that are more common.
In the case of the 1968 silver Mexico Olympic coin, all three of these factors contribute to its value. The reverse design is considered to be very attractive, it commemorates an important historical event, and it is relatively rare. As a result, these coins are worth more than other Mexican Olympic coins that do not have the same reverse design.
FAQs about 1968 Silver Mexico Olympic Coin Value
Here are some frequently asked questions about the value of 1968 silver Mexico Olympic coins:
Question 1: How much is a 1968 silver Mexico Olympic coin worth?
The value of a 1968 silver Mexico Olympic coin depends on a number of factors, including its condition, rarity, and demand. In general, these coins are worth more than other Mexican Olympic coins because they are made of silver, are relatively rare, and are in high demand among collectors.
Question 2: What is the most valuable 1968 silver Mexico Olympic coin?
The most valuable 1968 silver Mexico Olympic coin is the proof coin. Proof coins are specially struck coins that are made with a higher quality than regular circulation coins. They are often made with a mirror-like finish and are more strictly limited in mintage than regular circulation coins. As a result, proof coins are worth more than regular circulation coins.
Question 3: Where can I buy a 1968 silver Mexico Olympic coin?
You can buy a 1968 silver Mexico Olympic coin from a variety of sources, including coin dealers, online retailers, and auction houses. When buying a coin, it is important to do your research and only buy from reputable sellers.
Question 4: How can I tell if a 1968 silver Mexico Olympic coin is real?
There are a number of ways to tell if a 1968 silver Mexico Olympic coin is real. One way is to look for the mint mark. The mint mark is a small letter that is located on the coin’s reverse. The mint mark indicates the mint where the coin was struck. Another way to tell if a coin is real is to weigh it. Silver coins should have a certain weight, and if a coin is too light, it may be a fake.
Question 5: How do I care for my 1968 silver Mexico Olympic coin?
There are a few things you can do to care for your 1968 silver Mexico Olympic coin. First, store the coin in a safe place where it will not be damaged. Second, avoid touching the coin with your bare hands. The oils from your skin can damage the coin’s surface. Finally, clean the coin regularly with a soft cloth.
Question 6: What is the future value of 1968 silver Mexico Olympic coins?
The future value of 1968 silver Mexico Olympic coins is difficult to predict. However, these coins are likely to continue to increase in value over time. This is because they are made of silver, are relatively rare, and are in high demand among collectors.
Summary of key takeaways or final thought:
1968 silver Mexico Olympic coins are valuable coins that are made of silver, are relatively rare, and are in high demand among collectors. The value of these coins can vary depending on their condition, rarity, and demand. It is important to do your research and only buy from reputable sellers when buying these coins. With proper care, these coins can continue to increase in value over time.
Transition to the next article section:
For more information on 1968 silver Mexico Olympic coins, please consult a professional coin dealer or visit a reputable online resource.
Tips for Buying and Selling 1968 Silver Mexico Olympic Coins
Buying and selling 1968 silver Mexico Olympic coins can be a rewarding experience. However, it is important to do your research and understand the market before you make any transactions. Here are a few tips to help you get started:
Tip 1: Do your research.
Before you buy or sell any 1968 silver Mexico Olympic coins, it is important to do your research and understand the market. This will help you to make informed decisions about the coins you buy and sell.
Tip 2: Buy from reputable sellers.
When you are buying 1968 silver Mexico Olympic coins, it is important to buy from reputable sellers. This will help you to avoid buying counterfeit or damaged coins.
Tip 3: Sell to reputable buyers.
When you are selling 1968 silver Mexico Olympic coins, it is important to sell to reputable buyers. This will help you to get a fair price for your coins.
Tip 4: Get your coins graded.
Having your 1968 silver Mexico Olympic coins graded by a professional coin grading service can help you to get a fair price for your coins. Grading services will assess the condition of your coins and assign them a grade. This grade will help you to determine the value of your coins.
Tip 5: Store your coins properly.
It is important to store your 1968 silver Mexico Olympic coins properly to protect them from damage. Store your coins in a cool, dry place away from direct sunlight.
Summary of key takeaways or benefits:
- Doing your research can help you make informed decisions about the coins you buy and sell.
- Buying from reputable sellers can help you avoid buying counterfeit or damaged coins.
- Selling to reputable buyers can help you get a fair price for your coins.
- Getting your coins graded can help you to determine their value.
- Storing your coins properly can help to protect them from damage.
Transition to the article’s conclusion:
By following these tips, you can increase your chances of success when buying and selling 1968 silver Mexico Olympic coins.
Conclusion
1968 silver Mexico Olympic coins are valuable coins that are made of silver, are relatively rare, and are in high demand among collectors. The value of these coins can vary depending on their condition, rarity, and demand. It is important to do your research and understand the market before you buy or sell any of these coins.
By understanding the factors that affect the value of 1968 silver Mexico Olympic coins, you can make informed decisions about the coins you buy and sell. With proper care, these coins can continue to increase in value over time.