Mexican Silver Bullion

Posted by on July 19, 2012
SC Mex 1985 1 Oz Libertad 300x300 Mexican Silver Bullion

1985 Silver Libertad 1oz

The Mexican Silver Bullion currently being struck in Mexico is called the “Libertad”.  These are also struck in a gold version.  The Silver Libertad come in a variety of weights in troy ounces (and diameters in millimeters): 1/20toz (13mm), 1/10toz (16mm), 1/4toz (23mm), 1/2toz (29mm), 1toz (40mm), 2toz (48mm), and 5toz (65mm) as well as a 1 kilogram (110mm) coin.  Besides these being released in Brilliant Uncirculated condition these are also struck as Proof and all of the 1kg Libertad are of a Proof-Like strike.

The Libertad has had two different designs.  Type I was originally minted in 1949 and was discontinued until it was struck again from 1982 through 1995 and Type II started in 1995 and continues to be used today.  All of these are 0.999 fine silver with a reeded edge and bare the Mexican Mint’s “OM” mint mark.  The Mexico City mint Banco de Mexico is the oldest mint in the New World, founded by Spain in 1535 as “CASA DE MONEDA DE MEXICO”.  Mexico is the world’s largest producing country with a historical grand total of silver mined well over 10 billion troy ounces.  Mexico produces about 20% of all the silver mined in the world.

3012535155724040 1 Mexican Silver Bullion
1982 Mexican Libertad .999 Silver 1 Ounce Uncirculated Coin
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Libertad Type I features Mexico’s National Emblem at the center of its obverse.  This emblem has the Mexican gold eagle perched in a cactus with a snake in its beak.  Encircling this on the lower half of the bullion is a wreath.  The half above has “ESTADOS UNIDOS MEXICANOS”.  Then encircling everything are squared three step shaped marks along the rim around the entire coin.

2002 5onza front Mexican Silver Bullion

2002 Silver Libertad 5oz reverse

The reverse of Type I has “Libertad” prominently in the center.  Libertad translate as “Freedom” and she is sometimes referred to as “Victory”, “Winged Victory”, “Angel of Independence” or “Angel”.  Libertad has opened wings, her right hand hold up a laurel wreath.  Her chest is bare and her lower portion is covered with flowing drapery and she is walk forward.  In the background are the volcanoes Popocatepetl and Iztaccihuattl.  At the rim and under Libertad’s feet is the date and “MEXICO Ley 999” following the arc of the coin.  Arching around the top portions rim are more marks which fade at the volcanoes.  On the left center is stacked “PLATA PURA” and on the right “1 onza”.  The mintmark is under Libertad’s left hand.

SC 2002 Mex 5 Oz reverse Mexican Silver Bullion

2002 Silver Libertad 5oz obverse

Type II’s obverse has a small current version of Mexico’s National Emblem, a reduction of Type I’s obverse design without the marks.  The smaller coins may have the Type I reverse.  Around this are ten historic national emblems of Mexico.  The reverse has the two volcanoes in the background with more desert detail.  “Libertad” is on a pedestal, she is facing and striding to the left with her empty right hand extended, this Libertad is smaller than the original.  The mint mark is in the middle upper right field.  The weight starts the legend arching above for instance; ‘1 ONZA’ “PLATA PURA” the date ‘2012’ “LEY .999”.

SC Mex 1 Onza 1979 obverse Mexican Silver Bullion

1979 Scales 1 Onza obverse

SC Mex 1 Onza 1979 reverse Mexican Silver Bullion

1979 Scales 1 Onza reverse

In 1949, 1978 through 1980 the “Scales Once” or “1 Onza” silver bullion was introduced as a way for Mexico to sell silver and with the price of silver on the rise it was given no denominational value.  These “Onza” contain one troy ounce of silver and are 0.975 fine silver.  The obverse depicts a hand cranked coin press with the date in the lower left quadrant’s field while “CASA DE MONEDA DE MEXICO” encircles the press over the other three quadrants of this bullion.  The reverse has a hang scale in the middle with small letters noting “PESO 33.625 GRAMOS” stacked and the mint mark under the center plum of the scale.  “LEY .925” is in the left upper quadrant.  “UNA ONZA TROY DE PLATA PURE” encircles the scale.  There are “L” blocked markings along the raised rims on both faces of this reeded edge bullion.

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