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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
19821,049,680
19831,001,768
19841,014,000
19852,017,000
19861,699,426
1987500,000
19881,500,500
19891,396,500
19901,200,000
199150,01750,01750,01750,6181,650,518
1992295,783299,933104,000119,0002,458,000
1993100,000100,00090,50090,5001,000,000
199490,10090,10090,10090,100400,000
199550,00050,00050,00050,000500,000
199650,00050,00050,00050,000300,00050,00020,000
199720,00020,00020,00020,000100,00015,00010,000
19986,4006,4006,4006,40067,0007,0003,500
19998,0018,0007,0007,00095,0005,0002,800
200057,50027,50021,00020,000340,0007,5004,000
200125,00025,00025,00020,000725,0006,7004,000
200245,00035,00035,00035,000850,0008,7005,200
200350,00020,00022,00028,000805,0009,5006,000
200430,00015,00015,00020,000450,0008,0003,923
200515,0009,27715,00010,000698,2813,5492,401
200620,00015,00015,00015,000300,0005,8003,000
20073,5003,5003,5003,500200,0008,0003,000
20087,00010,0009,0009,000950,00017,0009,0002,003
200910,00010,00010,00010,0001,650,00046,00021,0004,000
201012,00012,00015,50020,0001,000,00014,0009,5004,000
201115,00015,00015,00030,0001,200,00014,00010,0006,000
20123,30016,70017,000746,40018,60010,4002,300
201313,50018,9009,60024,500774,10017,4009,500
20145,7006,3506,95023,000429,2009,0006,400
201518,40019,90017,90016,000903,00020,1009,5002,000
201622,90024,40017,70030,9001,437,50017,60011,4002,000
20178,5508,8508,1009,050636,0008,9005,050200
201817,90020,30018,00015,500300,00020,40016,600500
20197,3507,2005,4508,500402,00018,30018,000200
20205,4506,1004,4507,600300,0005,5008,900500
20213,6003,9003,2504,500450,0006,5006,050500
2022
2023

 

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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