Mexican Silver Coins, or the Libertad coins of Mexico are made from gold and silver at a grade of 0.999. The Sliver Libertad is the official bullion coin of the country and is closely followed by the Gold Libertad. The current versions of these coins began production in 1981 and 1982, respectively. The original Libertad silver coin was minted beginning in the 1940s until production ceased in the 1970s when there was an international move at the time away from coins that used precious metals.
Silver Libertad coins are minted in various sizes with the size directly related to the weight of the coin. Sizes range from one-twentieth of an ounce up to five ounces. A one ounce coin will have a silver content of 31.104 grams and a five ounce coin will have 155.52 grams of silver. This coin is minted for collectors and as an investment vehicle as the coins have no face value. The majority of coins contain a troy ounce of silver. One ounce sizes were once the standard, but as mentioned are now available in a variety of sizes that include one-quarter ounce, one-half ounce, one ounce, and two ounces.
The Onza is another name for Libertad coins produced by the Mexican Mint. The
Mexican Mint was established by the Spanish Crown in 1535. This makes the Mexican mint the oldest in North America. The Silver Libertad features a reverse with a design that has a winged Victoria standing on a special column above the city. Citizens in Mexico will easily recognize this as the Mexican Independence Victory Column. The Mexican Coat of Arms is on the obverse and words “ESTADOS UNIDOS MEXICANOS” are placed on a snake that is being held by an eagle.
The Mexican Independence Victory Column is cast in bronze and covered in gold. This column can be found in the downtown area of Mexico City. The purpose of the column was to celebrate the Centenary of Mexico’s War for Independence.
Older versions of the Sliver Libertad included a winged Victoria on the reverse, but did not include the Mexican Independence Victory Column. The background had Popocateletl volcanoes and included the Iztaccihuatl, which are dormant volcanic mountains in Mexico. The winged Victoria was holding a wreath that symbolized victory in her right hand and a chain symbolizing freedom in her left hand.
The Mexican Mint limits production of the Libertad to help to increase demand and make the coins more valuable. Coins can be purchased individually or in rolls from a variety of websites that buy and sell various types of coins. However, finding dealers that Mexican silver coins these coins may be difficult.