Mauritius Independence 10 Rupees 1971

The Republic of Mauritius is an island nation off the coast of Africa, near Madagascar. These coins celebrate their independence in 1968. They were minted in copper-nickel in only 1971, and in a very low mintage. Here are the approximate values that the catalogs report:

worn: less than $1 US dollar approximate catalog value
average circulated: $2
well preserved: $8
fully uncirculated: $20

Now, the proof issues of these coins were made especially for collectors and were not made in copper-nickel, but in silver. They weigh 20 grams, as opposed to the normal copper-nickel coin's 17.6 grams. According to 24carat.co.uk, the 1971 proof 10 rupees coin contains 0.595 troy ounces of pure silver. If, say, silver is running at $23 US dollars per ounce, the silver value of a proof coin is 0.595 x $23, or about $14. However, these proof coins were minted in extraordinarily small amounts. While I don't like the fact that modern mints purposely limit the number of proof coins they issue to drive values up, there is no denying the fact that these coins are incredibly scarce.

Proof coins dated 1971 catalog around $120 US dollars. This value only applies to coins that have the full proof look, which means that it has not picked up any wear, fingerprints, spots, stains, scratches or anything that taints its mirror-like surfaces and immaculate frosted devices.
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