Libertad (coin)
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The Libertad coins are
silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...
and
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...
bullion coin Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...
s originating from
Mexico Mexico (Spanish language, Spanish: México), officially the United Mexican States, is a List of sovereign states, country in the southern portion of North America. It is borders of Mexico, bordered to the north by the United States; to the so ...
and minted by the La Casa de Moneda de México (Mexican Mint). The Mexican Mint was established in 1535 and is the oldest mint in the Americas. The modern coins contain 99.9% silver or gold (.999 fineness) and are available in various sizes. Both metal coins have undergone a design change. In 1989, 3,500 ounce Libertad platinum coins were produced. Libertads are devoid of face value, yet are still accepted as currency and guaranteed by Banco de México based on the market value of its gold or silver content. In addition to the bullion version, a
proof Proof most often refers to: * Proof (truth), argument or sufficient evidence for the truth of a proposition * Alcohol proof, a measure of an alcoholic drink's strength Proof may also refer to: Mathematics and formal logic * Formal proof, a c ...
and reverse proof versions for both metals are manufactured specifically for collectors. Proof coins contain a frosted angel with a polished background. A reverse proof is the opposite and has a polished angel with a frosted background. An antique finish is available in silver and is also sought out by collectors. An antique finish gives coins an aged appearance without any loss of detail. The antiqued finish usually displays portions that look as if they have toned darker. Proof and antique finish coins are minted in relatively small quantities and are considered more beautiful and valuable than the standard bullion coin.


Design

Obverse: The Coat of arms of Mexico is shown with a Mexican golden eagle perched on a prickly pear cactus devouring a
rattlesnake Rattlesnakes are venomous snakes that form the genera ''Crotalus'' and ''Sistrurus'' of the subfamily Crotalinae (the pit vipers). All rattlesnakes are vipers. Rattlesnakes are predators that live in a wide array of habitats, hunting small an ...
. This imagery relates to the founding of
Tenochtitlan , ; es, Tenochtitlan also known as Mexico-Tenochtitlan, ; es, México-Tenochtitlan was a large Mexican in what is now the historic center of Mexico City. The exact date of the founding of the city is unclear. The date 13 March 1325 was ...
, present-day
Mexico City Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital and largest city of Mexico, and the most populous city in North America. One of the world's alpha cities, it is located in the Valley o ...
. The coat of arms is rooted in the legend where the god Huitzilopochtli told the
Aztec The Aztecs () were a Mesoamerican culture that flourished in central Mexico in the post-classic period from 1300 to 1521. The Aztec people included different ethnic groups of central Mexico, particularly those groups who spoke the Nahuatl ...
people where to build their city where they saw an eagle eating a snake on top of a cactus. The bottom half of the coat of arms has oak and laurel leaves encircling the eagle. The top half has the words ' (United Mexican States) encircling the eagle. The gold obverse has not changed since its inception and the silver coin had the same obverse at its inception. In 2000, the silver obverse was changed to depict the current Mexican national coat of arms along with 10 past versions of this symbol surrounding it. The Spanish inscription ''ESTADOS UNIDOS MEXICANOS'' still surrounds the central coat of arms. The past version of the symbol at the top is found in the
Codex Mendoza The Codex Mendoza is an Aztec codex, believed to have been created around the year 1541. It contains a history of both the Aztec rulers and their conquests as well as a description of the daily life of pre-conquest Aztec society. The codex is wri ...
from 1524. Reverse: The design used was based on the 1921 gold Centenario, a coin issued to mark the centennial of Mexican independence. The winged Victoria of
Angel of Independence The Angel of Independence, most commonly known by the shortened name ''El Ángel'' and officially known as ''Monumento a la Independencia'' ("Monument to Independence"), is a victory column on a roundabout on the major thoroughfare of Paseo de ...
is in front with the volcanoes
Popocatépetl Popocatépetl (; Nahuatl: ) is an active stratovolcano located in the states of Puebla, Morelos, and Mexico in central Mexico. It lies in the eastern half of the Trans-Mexican volcanic belt. At it is the second highest peak in Mexico, after C ...
and
Iztaccihuatl Iztaccíhuatl (alternative spellings include Ixtaccíhuatl, or either variant spelled without the accent) ( or, as spelled with the x, ), is a dormant volcanic mountain in Mexico located on the border between the State of Mexico and Puebla wit ...
in the background. The weight (' or ounce), date, and purity are also listed. The older Libertad coins show a front-facing view of the angel. The new Libertad series shows a three-quarter side profile of the angel. The gold used the older angel from 1981 through 1999. The silver used the older angel from 1982 through 1995.


Specifications

Gold coins have not changed sizes since first minted. From 1982 through 1995, the one, , and ounce silver coins had slightly smaller diameters and greater thicknesses than current minted coins. From 1981 through 1990, the gold coins contained 90% gold (.90 fineness). The gold coins since 1991 and all silver coins have contained 99.9% silver or gold. (.999 fineness).


Silver mintage


Silver proof mintage (p) Proof; (rp) Reverse proof; (af) Antique finish


Gold mintage


Gold proof mintage (p) Proof; (rp) Reverse proof


See also

*
Bullion Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...
*
Bullion coin Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes fro ...
*
Gold as an investment Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and ...
*
Inflation hedge An inflation hedge is an investment intended to protect the investor against (hedge) a decrease in the purchasing power of money (inflation). There is no investment known to be a successful hedge in all inflationary environments, just as there is n ...
*
Silver as an investment Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical cond ...


References


Banxico, banco central, Banco de México
*
La Casa de Moneda de México
{{Portal bar, Mexico, Money, Numismatics Bullion coins of Mexico Gold bullion coins Silver bullion coins