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2 oz. Mexican Silver
Libertad
In 1996, the Mexican Mint added two coin sizes to already popular silver Libertad series, they were 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 against their brutal Spanish-European occupiers.
Miguel Hidalgo y Costilla is often referred as 'The Father of Mexico.'
Note:
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.
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Design of the
5 oz. Mexican Silver Libertad
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.
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 'M under an O' inscribed near the left wing of the Winged Angel is the Mint Mark of the Mexican Mint.
The 2 oz. Mexican Silver Libertad has no Face Value.
Mexican Libertad
Are they Bullion Coins or Rounds?
The Mexican Libertad is technically a Bullion 'Round,' and Not a Bullion 'Coin,' the differences are slight but important to know.
Bullion Coins have a 'face value' because the term 'Coin' is used specifically for government backed legal tender.
Bullion Rounds have no 'face value' because in most cases 'Rounds' are manufactured by a private mint or a privately held entity, 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, and for this reason,
they are often referred to as Rounds and not Coins.
You can learn more about a Bullion Coin's anatomy here.
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
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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....9,000
2001....900
2002....10,500
2003....9,500
2004....11,000
2005....5,200
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....17,600
2017....8,900
2018....20,400
2019....18,300
2020....5,500
2021....6,500
2022....6,250
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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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