Mexico is the single most important producer of silver in the world, and currently accounts for about 20% of the world’s total silver mine production. According to the USGS, 170 million ounces of silver were mined in Mexico last year. The region has historically yielded over 310,000 tonnes of silver.
The National Mint of Mexico, one of the world’s oldest silver mints, continues its long tradition of manufacturing some of the world’s finest silver bullion. Following their conquest of the Aztec Empire originally established by the Spanish in 1535, “La Casa de Moneda de México” was the first mint in the Americas.
For over three centuries, abundant silver deposits in the newly acquired colonies allowed the Spanish Empire to mint massive quantities of silver coins, including the famous Spanish dollar, a globally circulated coin during the 17th and 18th centuries.
The one ounce silver Liberdad
The National Mint of Mexico produces both gold and silver bullion Libertad coins. They are available in a wide array of weights, from 1⁄20 ounce to 1 kilo. However, the 1 troy ounce size is by far the most available and popular bullion coin of the Libertad Series.
The 1oz. Silver Mexican Libertad features exceptional quality and design, and is among the most affordable bullion coins on the market today. The coin is 40mm. in diameter, it is 3.04 mm. thick, struck from.999 pure silver, and carries no nominal value.
Obverse Design: From 1982 to 1999, the obverse of the Silver Libertad featured the Mexican National Coat of Arms: a Mexican Golden Eagle perched on a prickly pear cactus, battling a snake, and surrounded by a wreath. From 2000 to date, the obverse shows the current Mexican Coat of Arms surrounded by ten historic national heraldic eagle designs. The words ESTADOS UNIDOS MEXICANOS are inscribed above.
Reverse Design: From 1982 to 1995, the reserve of the Mexican Silver Libertad depicted the Angel of Independence,a front-facing winged Goddess Victoria (the archetypical personification of good over evil) standing on her right foot upon a pillar.From 1996 to date, the Libertad has featured an angled picture of the same Victoria. The new angle gives Victoria more overall depth. The monument was built in 1910in Mexico City to celebrate the centennial of Mexican Independence from Spain. In the background are the twin volcanoes of Popocatιpetl and Iztaccihuatl. Over the mountains are inscriptions stating the content (1 ONZA PLATA PURA), the date of issue, and the purity of the coin.
The Silver Libertad is sold at a premium over silver’s spot price which is on par with the American Silver Eagle and other government-issued bullion coins. Although it is marketed as a purely investment coin, its unique quality and impressive design make it a most popular option amongst investors, while a Mexican Libertad (mostly of an older issue) is an integral part of every coin collection.
Struck in pure.999 fine silver, the Mexican Silver Libertad coin is highly recognizable among all bullion dealers, and a brilliant, affordable way to diversify any silver bullion investment. Visit the site of coininvest.com and find great deals on silver Libertads, as well as a great collection of silver and gold bullion coins.