North 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 official Mexican Silver Libertad Coins should not be ignored. Mexico produces 1/5th of the global silver supply 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 silver bullion collection that still offers guaranteed quality and value.
The Promotion of Silver Libertad Coin Savings for Mexicans is Ongoing
As recent as September 2017, there have been debates in the Mexican Congress to remonetize Mexican Silver Coins to help Mexican citizens save real money for the long term. The following is a promotional video shot in 2009 entitled, "Brillos de Libertad". Complete with various shots of Mexico and Mexican citizens holding various 1 oz Silver Libertad Coins. The video is a political promotion to 're-legalize' silver coinage for the United Mexican States and her citizens.
Silver Libertad Coins Savings are Unique and Highly Collectible
Mexican Libertads are different from many other government silver bullion coins because they are one of the few highly collectible silver coins that offer fractional ounce values down to as small as 1/20 ounce sizes. The Mexican government guarantees all the Silver Libertad Coins is strikes and has been offering numerous Silver Libertad Coin 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 Silver Libertad Coin 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 Coin?
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 Coin. This means that many of these silver coins tend to have a collectible value which exceeds the actual silver bullion value of the .999 fine silver they contain. As an added advantage, the Libertad Silver Coin is also typically priced slightly lower than other North American silver coins of similar sizes, which offers investors an affordable collectible opportunity.
Are Mexican Libertad Silver Coins 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.