In 2002, the Mexican Mint introduced the 'Proof' version of the 1 kilo. Mexican Silver Libertad for collectors.
It wasn't until 2008, that the Mint started to produce a 1-kilo. 'Bullion' version of the silver Libertad.
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Libertad translated in English means 'Freedom'
The Libertad is a symbol of Mexico's Independence, Mexico won its independence from Spain on August 24th, 1821.
However, this is not the date of its celebrated 'Independence Day,' that date is September 16th.
On September 16th, 1810, Miguel Hidalgo y Costilla, a Catholic priest, started the Mexican War of Independence when he gave his famous speech "Grito de Dolores" or “Cry of Delores,” named after the town in Guanajuato where it took place.
He rang the bell of his church to get the town's attention, and he called on the people to rise against their Spanish-European occupiers.
In the United States, 'Cinco de Mayo' is often misinterpreted as Mexico's Independence Day. Although, 'Cinco de Mayo' or the '5th of May' does celebrate an important victory in Mexico's history, it's not the county's Independence Day.
All of the coins on the guide are narrated in the first person point of view; click this link for an explanation.
The Mexican National Coat of Arms is the center focal point of the obverse side of the 1 kilo. Mexican Silver Libertad.
It shows a Mexican Golden Eagle perched upon a cactus with a snake in its beak.
Below the Eagle is a wreath, half made of oak leaves the other half made of laurel leaves.
On the upper half of the Coat of Arms are the words “ESTADOS UNIDOS MEXICANOS,” Mexico's Official Name in Spanish.
Encircling the Mexican Coat of Arms are reproductions of other versions of the Mexican Coat of Arms, used throughout history.
The Edge on the 1 kilo Silver Libertad is Reeded.
The reverse side of the 1 kilo. Mexican Silver Libertad features the "Winged Victory" Angel.
The Angel design depicts her soaring above the volcanic peaks of Popocatépetl and Iztaccihuatl.
"1 kg", "PLATA PURA" (pure silver) is inscribed around the top of the 1 kilo. silver Libertad.
Also, along the top of the Silver Libertad, is the year of issue and the inscriptions "Ley" (pure) ".999," representing the silver Libertad's purity.
The "M" under an "O" to the left of the Winged Victory Angel design, is the Mint Mark of the Mexican Mint.
The 1 kilo. Mexican Silver Libertad has no Face Value.
The Mexican Libertad is considered to be a 'Round,' not a 'Coin,' the difference is slight but important to know.
A private mint or privately held entity manufacture bullion rounds.
Whereas the term for a 'coin' refers to a legal tender coin with a 'Face Value.'
Bullion Rounds are not legal tender, and no government backs them.
There are some exceptions to this rule, one example being the Mexican Libertad.
The Mexican Mint produces Gold and Silver Libertads, under the authority of the Central Bank of Mexico (Banco de Mexico) and the Mexican Government.
However, silver and gold Libertads DO NOT have a face value, for this reason, they are often referenced to be Rounds and not Coins.
Silver Content:.....1 Troy kilo.
Total Weight:.......2.2lbs. / 32.15 Troy oz.
Purity:.................99.90% / .999
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The Story Behind the Mexican Coat of Arms
In the early 1300s, an Aztec tribe
also known as the Mexica tribe, who had no homeland, wandered around the
northern areas of the country, known as Mesoamerica, in search of a
place to build their Empire.
As the legend goes, in 1323, the tribe's leader received a vision in a dream that they were to settle at the place where they saw an eagle with a snake in its beak, while perched at the top of a prickly pear cactus.
Two years later, the dream was fulfilled on a swampy island, in Lake Texcoco.
Scouts for the tribe found the eagle, snake, and cactus in the same fashion that the leader described to them, in his vision.
This is where the tribe settled and built the city of Tenochtitlan, which became the center of the Aztec Empire.
Today, Tenochtitlan is known as Mexico City.