Homepage / Bullion Coins: Mexican Bullion / 2 oz. Mexican Silver Libertad
Updated on 01/09/2024
In 1996, the Mexican Mint added two sizes, the 2 oz and 5 oz, to the popular silver Libertad series.
The Libertad's design and limited mintage make it one of the most highly sought-after physical bullion silver investments.
Libertad means "Freedom" in Spanish.
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 known as 'The Father of Mexico.'
Note: Outside of Mexico, 'Cinco de Mayo' is frequently misinterpreted as Mexico's Independence Day, which it isn't, 'Cinco de Mayo' celebrates the Mexican victory over French forces at the Battle of Puebla on May 5, 1862.
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 the oak leaves, and the other half is made 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 2 oz Silver Libertad has a Reeded Edge.
Coin Photo courtesy of SD Bullion
Reverse
The centerpiece on the reverse side of the 2 oz Mexican Silver Libertad is the "Winged Victory" Angel, as it towers above the volcanoes Popocatépetl and Iztaccihuatl.
Along the top of the 2 oz Mexican Silver Libertad are "2 ONZAS" (2 ounces) and "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.
Coin Photo courtesy of SD Bullion
The Mexican Libertad is technically a Bullion "Round" and Not a Bullion "Coin," the differences are slight but important to know.
Bullion with a "Face Value" is a "Coin" because the term "Coin" is Only used for government-backed legal tender with a Face Value.
Bullion Rounds have no "Face Value" because, in most cases, "Rounds" are manufactured by a private mint or privately held entity, and No Government backs them.
There are some exceptions to this rule, for example, 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 are Rounds and Not Coins because they Do Not Have a Face Value.
Learn more about the Differences between Coins and Rounds here.
Introduction:.......1996
IRA approved:......Yes
Grade:.................Uncirculated
Face Value:..........No
Silver Content:.....2 Troy oz.
Total Weight:.......62.20 grams
Purity:.................99.90% / .999
Diameter:............48.05mm
Mint Mark:...........Yes
Edge:..................Reeded
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Notice
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
2023....30,000
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Mexican Silver Libertad
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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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