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Mexico 1 Oz Libertads
Mexico 1 Oz government issued silver bullion coins

Mexico 1 Oz Libertads

The Libertad coins are silver and gold bullion coins originating from Mexico and minted by the La Casa de Moneda de Mexico (Mexican Mint). The Mexican Mint was established in 1535 and is the oldest mint in the Americas. The modern coins contain 99.9% silver or gold (.999 fineness) and are available in various sizes. Both metal coins have undergone a design change. In 1989, 3,500 ​1⁄4 ounce Libertad platinum coins were produced. Libertads are devoid of face value, yet are still accepted as currency and guaranteed by Banco de Mexico based on the market value of its gold or silver content.

In addition to the bullion version, a proof and reverse proof versions for both metals are manufactured specifically for collectors. Proof coins contain a frosted angel with a polished background. A reverse proof is the opposite and has a polished angel with a frosted background. An antique finish is available in silver and is also sought out by collectors. An antique finish gives coins an aged appearance without any loss of detail. The antiqued finish usually displays portions that look as if they have toned darker. Proof and antique finish coins are minted in relatively small quantities and are considered more beautiful and valuable than the standard bullion coin.

 

Silver Bullion Mintage

Year120 Oz110 Oz14 Oz12 Oz1 Oz2 Oz5 Oz1 Kg
1982 1,049,680
1983 1,001,768
1984 1,014,000
1985 2,017,000
1986 1,699,426
1987 500,000
1988 1,500,500
1989 1,396,500
1990 1,200,000
1991 50,017 50,017 50,017 50,618 1,650,518
1992 295,783 299,933 104,000 119,000 2,458,000
1993 100,000 100,000 90,500 90,500 1,000,000
1994 90,100 90,100 90,100 90,100 400,000
1995 50,000 50,000 50,000 50,000 500,000
1996 50,000 50,000 50,000 50,000 300,000 50,000 20,000
1997 20,000 20,000 20,000 20,000 100,000 15,000 10,000
1998 6,400 6,400 6,400 6,400 67,000 7,000 3,500
1999 8,001 8,000 7,000 7,000 95,000 5,000 2,800
2000 57,500 27,500 21,000 20,000 340,000 7,500 4,000
2001 25,000 25,000 25,000 20,000 725,000 6,700 4,000
2002 45,000 35,000 35,000 35,000 850,000 8,700 5,200
2003 50,000 20,000 22,000 28,000 805,000 9,500 6,000
2004 30,000 15,000 15,000 20,000 450,000 8,000 3,923
2005 15,000 9,277 15,000 10,000 698,281 3,549 2,401
2006 20,000 15,000 15,000 15,000 300,000 5,800 3,000
2007 3,500 3,500 3,500 3,500 200,000 8,000 3,000
2008 7,000 10,000 9,000 9,000 950,000 17,000 9,000 2,003
2009 10,000 10,000 10,000 10,000 1,650,000 46,000 21,000 4,000
2010 12,000 12,000 15,500 20,000 1,000,000 14,000 9,500 4,000
2011 15,000 15,000 15,000 30,000 1,200,000 14,000 10,000 6,000
2012 3,300 16,700 17,000 746,400 18,600 10,400 2,300
2013 13,500 18,900 9,600 24,500 774,100 17,400 9,500
2014 5,700 6,350 6,950 23,000 429,200 9,000 6,400
2015 18,400 19,900 17,900 16,000 903,000 20,100 9,500 2,000
2016 22,900 24,400 17,700 30,900 1,437,500 17,600 11,400 2,000
2017 8,550 8,850 8,100 9,050 636,000 8,900 5,050 200
2018 17,900 20,300 18,000 15,500 300,000 20,400 16,600 500
2019 7,350 7,200 5,450 8,500 402,000 18,300 18,000 200
2020 5,450 6,100 4,450 7,600 300,000 5,500 8,900
2021

 

Design

Obverse: The Coat of arms of Mexico is shown with a Mexican golden eagle perched on a prickly pear cactus devouring a rattlesnake. This imagery relates to the founding of Tenochtitlan, present-day Mexico City. The coat of arms is rooted in the legend where the god Huitzilopotchli told the Aztec people where to build their city where they saw an eagle eating a snake on top of a cactus. The bottom half of the coat of arms has oak and laurel leaves encircling the eagle. The top half has the words Estados Unidos Mexicanos (United Mexican States) encircling the eagle. The gold obverse has not changed since its inception and the silver coin had the same obverse at its inception. In 2000, the silver obverse was changed to depict the current Mexican national coat of arms along with 10 past versions of this symbol surrounding it. The Spanish inscription ESTADOS UNIDOS MEXICANOS still surrounds the central coat of arms. The past version of the symbol at the top is found in the Codex Mendoza from 1524.

Reverse: The design used was based on the 1921 gold Centenario, a coin issued to mark the centennial of Mexican independence. The winged Victoria of Angel of Independence is in front with the volcanoes Popocatepetl and Iztaccihuatl in the background. The weight (ONZA or ounce), date, and purity are also listed. The older Libertad coins show a front-facing view of the angel. The new Libertad series shows a three-quarter side profile of the angel. The gold used the older angel from 1981 through 1999. The silver used the older angel from 1982 through 1995.

Edge Lettering:  The 1 Oz Silver Libertad coins had smooth edges and edge lettering from the years 1982 through 1989. Inscribed along the edge was the phrase "INDEPENDENCIA Y LIBERTAD". During these years, the edge lettering produced two distinct varieties depending on which way the coin faced while it was being minted. The Type 1 variety has the edge lettering upside down when winged victor angel is face up. Type 2 varieties from these years have the edge lettering right side up when the angel is facing up. Mintages for the varieties are unknown but seem to be relatively even. From 1990 on, the edges were reeded which eliminated the potential for this variety..

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