The Silver Libertad is a silver bullion coin that was issued first by Mexico in 1949. The coin’s production was discontinued for a long duration of time, but was started again in 1979 with a new design to attract the attention of coin collectors. The one-ounce coins are great for trading and investing through the silver in the coin. Below is the new version of the Silver Mexican Libertad (reverse and obverse designs):
Design and Appearance
On the original design, the obverse side of the coin depicts a winged Victoria (goddess of victory) of Mexican Independence Victory Column in front of the volcanoes of Popcatepetl and Iztaccihuatl. The reverse side shows the Mexican Coat of Arms. The new version has a winged Victoria depicted from a different angle on the obverse and the reverse side has the coat of arms surrounded by Mexico’s historical coat of arms.
The coin is minted in three forms: the most common is the Brilliant Uncirculated coin, the more rarer is the Proof coin, and the Proof-like coin is only produced in 1kg weight. The 1kg Silver Libertad is packaged with extra care: the coin is shipped within a mahogany box and includes a minting certificate to verify the authenticity of the coin as well as explain the coin’s minting process. The minting certificate contains text that is only visible under a black light, including the unique serial number of each 1kg coin which can be used to verify the coin’s authenticity and mint date.
Weight and Purity
The Silver Libertad comes in a variety of weights and with each weight the dimensions of the coin changes as well. The weights are 1/20, 1/10, ¼, ½, 1, 2, 5 troy ounces, and 1kg. In the 1/20 troy silver coin the diameter is 16mm. In the 1/10 troy coin the diameter is 20mm. In the ¼ coin, the diameter is 27mm. In the ½ the diameter is 33mm. The Silver Libertad that weighs 1 troy ounce has a diameter of 40mm. In the 2 troy ounce coin the diameter is 48mm. The 5 troy ounce coin has a diameter of 65mm. And finally, the 1 kg coin has a diameter of 110mm. All varieties have a purity of .999%.
The smaller Mexican Libertads are also produced in gold form, but the 2 ounce, 5 ounce, and 1kg Libertads are produced exclusively in silver form. Also, the 2-ounce and 5-ounce coins are new additions to the Mexican Libertad lineup, as the original coin was only produced in the smaller sizes listed above. The 2 and 5 ounce coins also feature a new design on their obverse: the Mexican National Shield is portrayed on the center of the coin within several eagle designs.
Manufacture and Distribution
The Mexican Silver Libertad is produced by the Casa de Moneda de México, which is the official mint of the Mexican government and also produces the Mexican Peso. Each year the Casa de Moneda de México produces a varying quantity of silver and gold Libertads depending on market demand. From 2000-2008, Brilliant Uncirculated Silver Libertad production varied from 200,000 to 950,000 coins per year, but in 2009, the number jumped to 1.65 million coins to meet increased demand from collectors and investors looking to hedge against fiat currency inflation. In 2010, 1 million Brilliant Uncirculated Silver Libertad coins were produced. 1 oz Proof Silver Libertads have maintained a production pace of roughly 10,000 coins/year over the past three years. The 1kg Proof-like coin has maintained a production pace of roughly 1,500 coins/year over the past three years.
Mexican Silver Libertads are distributed through a limited number of authorized dealers. Within Mexico, there are ten authorized distributors who can sell the coins to other retail sites or end consumers. Internationally, there are thirty-seven authorized dealers of Mexican Libertad coins.
Buy Mexican Silver Libertads
There are many good reasons to buy a few Mexican Libertad coins, whether you are buying as a collector or an investor. This is a world renowned piece of silver bullion that has been at the top of the list for educated silver buyers since the day that they came out. If you are serious about silver and precious metals, buying a few Mexican Libertads is an absolute must. Also, the new 1kg version of the coin is in high demand right now and is certain to become a popular collector’s item down the road.
Mexican Silver Libertads routinely sell for well over the spot price of the silver contained within the coin. This is due to the collector value and rarity of the coin. For example, secondary market 2004 Silver Libertads are currently selling for roughly $12 over spot price at a popular silver retail website.