CABALLITO VALUATION UPDATE

Six years ago I published the book MEXICAN BEAUTY / BELLEZA MEXICANA, Un Peso Caballito. In that time I have sold a bit over a thousand books, and have seen the coins dry up and prices increase dramatically. This change in popularity was long overdue for such a beautifully designed crown sized coin, and is both good for the series and the hobby but makes it little tougher to find and afford nice coins due to fresh competition.

Along with the extreme swings in popularity and availability of a series come the opportunists who make exaggerated claims about both value and availability. It may be an historically strong market but not everything has soared in value. Having written the book on this series and am told I make the market in these coins I think I have a pretty good handle on values. At this time that I am making available a guide chart of fair market values for PCGS and NGC graded Caballitos. This is only a guide to update the data in the book. Individual coins will always vary somewhat in pricing depending on the coin and the dealer. There is no other source with current reliable pricing information available. Our industry mainstay KRAUSE has not updated their Caballito Peso data to my knowledge for 30 years or more. Although I tried more than once to get them to make adjustments.

We're in a bit of a bubble at the moment which I believe will resolve itself over the next year as dealers and coins begin to travel and flow again and prices stabilize. Valuations by grade have been updated for the chart that appears on page #173 of the Caballito book to reflect the current market. I encourage all Caballito collectors to pay attention to these updated valuations. For 10 years I have followed and noted every Caballito sale I was aware of and although we are at all-time high prices for some dates and grades, I do believe the current pricing bubble will stabilize in the near term. Claims that prices have tripled are false, although some have doubled. Claims that coins can't be found are false, as more are being sold presently than in any other recent year. But you will have to look around to find what you want because of the increased popularity.

To read the earlier E-Sylum article, see:
NEW BOOK: MEXICAN BEAUTY: MEXICO'S CABALLITO PESO (https://www.coinbooks.org/esylum_v17n44a05.html)

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