2 oz. Mexican Silver
Libertad
In 1996, the Mexican Mint added two more coin sizes to already popular silver Libertad series, the 2 oz. and 5 oz.
The Libertad's design and its limited mintage makes it one of the most highly sought after physical bullion silver investments.
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Mexican Independence
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 up against their brutal Spanish-European occupiers.
Miguel Hidalgo y Costilla is often referred as 'The Father of Mexico.'
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.
Design of the
5 oz. Mexican Silver Libertad
All of the coins on the guide are narrated in the first person point of view; click this link for an explanation.
Obverse
The center of the obverse side of the 2 oz. Mexican Silver Libertad features, the National Coat of Arms of Mexico.
The coat of arms depicts a Mexican Golden Eagle perched upon a cactus, with a snake in its beak.
Below the Golden Eagle is a wreath, half of oak leaves the other half of laurel leaves.
Surrounding the Coat of Arms are the words “ESTADOS UNIDOS MEXICANOS,” Mexico's Official Name in Spanish.
Encircling the Outside of the Mexican Coat of Arms are reproductions of various Mexican Coat of Arms used throughout history.
The edge is Reeded on the two oz. Silver Libertad.
Reverse
The reverse side of the 2 oz. Mexican Silver Libertad features the "Winged Victory" Angel design.
The "Winged Victory" Angel is shown towering above the volcanoes Popocatépetl and Iztaccihuatl.
The volcanoes are memorialized in the legend of two Aztec lovers from whom they were named after.
Inscribed along the top of the 2 oz. Mexican Silver Libertad is "2 ONZAS" (2 ounces), "PLATA PURA" (pure silver).
The year of issue is also inscribed along the top of the Libertad, along with the word "Ley" (pure) ".999" representing its silver purity.
The Mint Mark of the Mexican Mint is inscribed to the left of the Winged Angel with the symbol of the "M" under an "O."
The 2 oz. Mexican Silver Libertad has no Face Value.
Coins & Rounds - Defined
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 they are not backed by any government.
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.
2 oz. Mexican Silver Libertad
Coin Information:
Introduction:.......1996
IRA approved:......Yes
Grade:.................Uncirculated
Face Value:..........No
Silver Content:.....2 Troy oz. (ozt.)
Total Weight:.......62.20 grams
Purity:.................99.90% / .999
Diameter:............48.05mm
Mint Mark:...........Yes
Edge:..................Reeded
The Bullion Dealers below are Not Listed in Any Specific Order
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For Better Business Reviews & other Reviews on the Dealers below go to 'this page' and scroll down to find the dealer's reviews. |
JM Bullion
Silver Libertad page
Multiple Sizes
Golden Eagle Coins
Silver Libertad page
Multiple Sizes
SD Bullion
Silver Libertad page
SilverGoldBull
Silver Libertad page
BGASC
Silver Libertad page
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2 oz. Mexican Silver Libertad
Mintage Figures:
Year Mintage
1996....50,000
1997....15,000
1998....7,000
1999....5,000
2000....7,500
2001....6,700
2002....8,700
2003....9,500
2004....8,000
2005....3,549
2006....5,800
2007....8,000
2008....17,000
2009....46,000
2010....14,000
2011....14,000
2012....18,600
2013....17,400
2014....9,000
2015....20,100
2016....TBA
TBA = to be announced
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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.
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