Mexican Silver LibertadsNorth America is home to many highly collectible investment-grade silver coins. Most of the attention goes to the Silver Canadian Maple Leaf or the American Silver Eagle, but the Mexican Silver Libertads should not be ignored. Mexico produces 1/5 of the global silver that is mined every year and the minting of silver coins is a practice in this nation which dates back to the 16th century. This gives collectors a unique silver coin to add to their collection that still offers guaranteed quality and value.
Mexican Libertads are also unique because they are one of the few highly collectible silver coins that offer fractional ounce values down to 1/20 of an ounce. The Mexican government has been offering numerous sizes below 1 ounce since 1991, while the 1 ounce silver Libertad has been produced since 1982. This makes it suitable for collectors on virtually any budget. Since 1996, 2 ounce and 5 ounce sizes have also been added to the collection.
The History of the Mexican Silver Libertad
Produced by the National Mint of Mexico in San Luis Potosi, coins including the Libertad have been struck there for more than four centuries. The initial Mexican coins that were created were actually based on numerous other currencies, including the US dollar, Japanese Yen, and even the Chinese Yuan. Everything from the peso to the Spanish dollar have been produced at this mint, which was originally located in Mexcio City.
The obverse design of the coin is also a reflection of Mexican history. Two volcanoes, named Iztaccihuti and Popocatepetl, are prominently featured in the background, telling a love story between a warrior and a princess who were separated by death. A winged Victoria, which is the Roman goddess of victory, stretches out her hand as she stands on top of the Independence Victory Column, inviting others to join her in conquering death itself.
The reverse of the coin has a couple of design variations. There is the traditional golden eagle on a pear cactus that is holding a snake for older editions of the silver Mexican Libertad, while later versions offer 10 different coat of arms that have been used by Mexico throughout history. In the center of the reverse design for modern coins is the phrase “Estados Unidos Mexicanos,” or the “United States of Mexico.”
What Is the Availability of the Silver Mexican Libertad?
The production of silver Libertads has lagged behind the levels of its North American counterpart coins, making it a somewhat difficult coin to obtain for some collectors. For example: in 1999, the National Mint of Mexico only produced 600 1 ounce proof coins. In 2010, just 10,000 of these coins were produced. When you're looking at the Mexican Libertad, most coins you will find that are available are uncirculated BU coins.
In 2012, there were zero 1/20 ounce silver Mexican Libertads produced.
Even when all coins are considered, however, Mexico has never exceeded 2.5 million in one production year for the Silver Libertad. This means that many of these coins tend to have a collectible value which exceeds the actual value of the .999 fine silver they contain. As an added advantage, the Libertad is also typically priced slightly lower than other North American coins of a similar value, which offers investors an affordable collectible opportunity.
Could the Mexican Libertad Be Right For You?
Silver coins offer collectors and investors one of the most affordable opportunities to add precious metals to their portfolio. The advantage of the Libertad is that it offers you the fractional values (limited availability) or the added weights that you may need to see if silver coins are the right option for you. Any investment requires research and due diligence and there is always risk which must be considered. With coins as small as 1/20 of an ounce (when available), however, those risks can be limited when compared to similar coins produced in North America.
With a long production history, competitive fine silver qualities, and a historically lower overall cost when compared to similar silver products, the Mexican Libertad offers numerous potential advantages. Contact us today with any questions you may have on this or any other silver coins you're thinking about adding to your collection and together we'll work toward finding a solution that is right for your current needs.