The Mexican Silver Libertad Coin was actually one of the first silver bullion coins minted on a large scale and offered to investors. It was originally introduced by the Banco de Mexico in 1982; four years before the American Silver Eagle. Since that time, they have become a collector favorite and are among the most popular foreign silver coins available. The mintage numbers vary greatly from year to year and can be anywhere from 60,000 to over 2,000,000.
Mexican Silver Libertad Purity and Weight Options
The Libertad coins were only struck in a one ounce size from 1982 to 1992 but due to their growing popularity the mint then went on to introduce 1/20th oz, 1/10th oz, 1/4 oz, 1/2 oz, 2 oz and 5 oz coins. More recently, they have also added a one kilogram coin which is currently the largest in the series. No matter the weight of the coin, all Libertad coins feature the same purity of .999 or 99.9% fine silver.
One thing that makes the Mexican Silver Libertad different from other silver coins that are available is that the coins from this series do not have any legal tender value in Mexico. Some would consider them to be more like silver rounds, however they are authorized by the Mexican government and feature a patriotic design.
Mexican Silver Libertad Design
The design contained on both the obverse and reverse sides of the Silver Libertad have underwent several changes over the past 30+ years. This has also helped increase demand for the older designs by collectors as they sought to acquire coins with each of the designs. No matter the year of the coin and its design, they are generally somewhat more collectible than a majority of other silver coins.
Currently on the obverse of the coin features the national seal of Mexico which includes an eagle sitting on top of a cactus with a snake in its mouth. The bird is surrounded on the outer edges of the coin by 10 unique symbols that represent each of Mexico’s ten provinces. This design has been used on the obverse of each coin since 1996.
The reverse of the coin has also underwent a few changes over the years. The current reverse features a new depiction of the Winged Victoria which is a symbol of Mexican Independence. She is shown in the foreground of the design in front of an area made up of two volcanoes. Around the border on the upper half of the coin are the weight, purity and minting year of each coin. This information reads “1 Onza Plata Pura 2015 Ley .999.”
The packaging that the Mexican Silver Libertad Coin comes in has changed several times over the years. In 2014 and several years prior, the coins were packaged by the mint in sacks of 500 with tubes of 20. These tubes are much different than other coins like the Silver Eagle for example which comes in plastic tubes. Mint packaging for backdate coins included a cardboard roll which offered little protection to their condition and was pretty unconventional for storage.
In 2015, however, the mint switched from their old packaging to a new and improved method. Now, all coins are packaged in hard plastic tubes of 25 coins as well as monster boxes of 500 coins. This makes them much easier to store when ordering in bulk amounts.
Buying Mexican Silver Libertad Coins Online
If you are thinking about buying a Mexican Silver Libertad Coin online, you can usually find them on all the major silver dealer websites. You will want to read the product description, however, to learn the condition and minting year of the coin before ordering to get a better idea of what exactly you are buying. Some of the best dealers to use when buying these coins online include sites like APMEX, BGASC, JM Bullion, SD Bullion and Provident Metals. Each of these dealers offer competitive prices and very low shipping rates, while some also offer free shipping.