Cryptocurrency Q&A
Why are 5 pesos coins so expensive?
Why are 5 pesos coins so expensive?
Claudio
Sat Dec 21 2024
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5 answers
771
I've been noticing that 5 pesos coins are priced much higher than their face value when sold. I'm curious to understand the reason behind this. Why is there such a significant markup on these coins?
5 answers
Dario
Mon Dec 23 2024
The mintage of the standard 5 Pesos coins was drastically cut down.
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HanbokElegance
Mon Dec 23 2024
It was reduced to almost a tenth of what it was in normal years.
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DondaejiDelightfulCharmingSmileJoy
Mon Dec 23 2024
This scarcity made the coins more challenging to acquire.
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KpopHarmonySoul
Mon Dec 23 2024
As a result, they fetched a higher price compared to commemorative coins from the same period.
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CryptoGladiator
Sun Dec 22 2024
An interesting observation is that a small design flaw was present on the coins minted between 1997 and 2001. 6. This error was notably absent on the 5 nuevos pesos coins minted between 1992 and 1991. 7. Collectors and enthusiasts often seek out these coins due to their rarity and the unique design flaw.
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