Mexican Libertad Silver Coins: A Guide to Investing in Precious Metals
Introduction
If you are looking to invest in precious metals, then Mexican Libertad Silver Coins are an excellent choice. These coins have been produced by the Mexican Mint since 1982 and are a favorite among collectors and investors alike. In this article, we will explore the history of Mexican Libertad Silver Coins, their features, and how you can invest in them.
History of Mexican Libertad Silver Coin
The Silver Libertad coin, introduced in 1982, has a brief but intriguing history. However, the true historical significance lies within the mint responsible for its production. The National Mint of Mexico, known as Casa de Moneda de Mexico, holds the distinction of being the oldest minting facility in the Americas, established by Spain in 1535. Having continuously minted coins since its inception, this mint brings a rich legacy to the creation of the Libertad coins.
The appeal of the Mexican Libertad coin goes beyond its historical significance. The coin's artwork is adorned with a captivating narrative drawn from an ancient Mexican legend: the tale of Princess Iztaccíhuatl and her lover, Popocatépetl. The legend recounts a tragic love story, where Iztaccíhuatl, believing her beloved would not return from war, takes her own life. When Popocatépetl discovers her lifeless body, he carries her to the mountaintop in hopes of reviving her, but both ultimately succumb to the cold. Transformed into mountains, Iztaccíhuatl became known as "The Sleeping Woman," while Popocatépetl became a volcano, forever unleashing his fury upon the world.
This poignant legend and its passionate romance are beautifully portrayed in the background of the Mexican Libertad coin, enhancing its visual allure. The captivating story adds an extra layer of depth to the already stunning design, making the Libertad coin a true artistic
Design of the Mexican Libertad Coins
The Mexican Libertad coins boast a design that exudes both elegance and cultural significance. On the obverse side, the coin features a stunning depiction of the Winged Victory statue, also known as the Angel of Independence. This iconic symbol of Mexico stands tall in the heart of Mexico City, representing freedom and victory. The graceful figure is surrounded by a wreath, signifying triumph and achievement.
The reverse side of the Libertad coin showcases the Mexican coat of arms. The emblem features an eagle perched on a cactus, gripping a serpent in its beak. This emblem holds deep historical and cultural significance as it reflects the ancient Aztec legend of the founding of Tenochtitlan, now Mexico City. The image is encircled by various historical Mexican coats of arms, providing a visual representation of the country's rich heritage.
One of the most captivating aspects of the Libertad coin is its exquisite detail and intricate design. The high level of craftsmanship is particularly evident in the background, where a radial sunburst pattern radiates from the center. This feature adds a sense of radiance and brilliance to the overall aesthetic of the coin.
Features of Mexican Silver Libertad Coins
The Mexican Mint introduced Libertad Silver Coins just one year after they introduced the gold version. The coins were originally minted in a single size, but over the years, additional sizes have been added. The coins feature the iconic Winged Victory, also known as the Angel of Independence, on the obverse and the Mexican coat of arms on the reverse.
Mexican Libertad Silver Coins come in a variety of sizes, ranging from 1/20 oz. to 1 kilogram. The coins are composed of 99.9% pure silver, making them a valuable addition to any investment portfolio. The obverse of the coin features the Winged Victory statue, which is a symbol of Mexico's freedom. The reverse side of the coin features the Mexican coat of arms, which includes an eagle perched on a cactus with a snake in its beak.
Types of Mexican Silver Libertad Coins
Mexican Silver Libertads are minted in different variations, each with distinct features and characteristics. Here are the differences between Mexican Libertad silver bullion coins, proof coins, reverse proof coins, and uncirculated coins:
Bullion Coins
Bullion coins are minted primarily for their precious metal content and are typically available in larger quantities. Silver bullion Libertads are struck with a standard finish and do not carry any special minting techniques or finishes. Bullion coins are generally more readily available and have lower premiums compared to their proof or limited-edition counterparts.
Proof Coins
Proof Libertad silver coins are produced with meticulous attention to detail and craftsmanship. They undergo a unique minting process using polished dies and planchets, resulting in a shiny, mirrored background and frosted design elements in the foreground. Proof coins have a higher level of detail and visual impact compared to bullion coins. They are often struck in limited quantities and come with a higher premium due to their collectible nature.
Reverse Proof Coins
Reverse proof Libertad silver coins feature a reverse version of the proof finish. In this variation, the background has a frosted or matte finish, while the design elements have a mirrored or polished appearance. The contrasting finishes create a visually striking effect. Reverse proof coins are less common than regular proof coins and can command a higher premium among collectors.
Uncirculated Coins
Uncirculated Libertad silver coins, also known as Brilliant Uncirculated (BU) coins, are minted with a standard finish but without the special polishing or frosted features seen in proof coins. They offer a clean and crisp appearance, with well-defined details. Uncirculated coins are primarily produced for bullion investment purposes, and their value is primarily based on their silver content rather than their numismatic appeal.
In terms of rarity, proof and reverse proof coins are typically minted in limited quantities compared to the more abundant silver bullion and uncirculated coins. Limited mintage, unique finishes, and collector demand can contribute to higher premiums for proof and reverse proof coins.
Investing in Silver Libertad Coins
Investing in Mexican Libertad Silver Coins is a smart move for anyone looking to diversify their portfolio. The coins are easy to buy and sell, and their value tends to increase over time. When investing in Mexican Libertad Silver Coins, there are a few things to keep in mind:
Buy From A Reputable Dealer
When investing in Mexican Libertad Silver Coins, it is important to buy from a reputable dealer. Look for a dealer who has been in business for several years and has positive reviews from previous customers. This will ensure that you receive authentic coins and that you get a fair price for them.
Consider Storage Options
When you invest in Mexican Libertad Silver Coins, you will need a safe place to store them. Many investors choose to store their coins in a safety deposit box, while others prefer to keep them at home in a secure safe. Whichever option you choose, make sure that your coins are stored in a cool, dry place, away from direct sunlight.
Keep An Eye On Market Conditions
The value of Mexican Libertad Silver Coins, like all precious metals, can fluctuate based on market conditions. It is important to keep an eye on the market and make informed decisions based on current trends.
It's worth noting that the availability, mintage figures, and premiums associated with each type of Libertad silver coin can vary from year to year. Collectors and investors should consider these factors and consult reliable sources to stay informed about the specific features and characteristics of each release.
Why Invest in Mexican Libertad Silver Coin?
There are several reasons why investing in Mexican Libertad Silver Coins is a smart move:
Diversification
Investing in precious metals like Mexican Libertad Silver Coins is a great way to diversify your portfolio. Precious metals tend to hold their value even in times of economic uncertainty, making them a stable investment.
Tangible Asset
Mexican Libertad Silver Coins are a tangible asset, which means that you can physically hold them in your hand. This is unlike other investments, such as stocks or bonds, which exist only on paper.
Potential For Appreciation
Mexican Libertad Silver Coins have the potential to appreciate over time. As the demand for silver increases and the supply decreases, the value of Mexican Libertad Silver Coins will likely rise.
Conclusion
Investing in Mexican Libertad Silver Coins is a smart move for anyone looking to diversify their investment portfolio. These coins have a rich Mexican history, are composed of high-quality silver, and are easy to buy and sell. By following the tips outlined in this article, you can invest in these coins with confidence, knowing that they are a valuable addition to your portfolio.
FAQS
1. What is the purity of Mexican Libertad Silver Coins?
Mexican Libertad Silver Coins are composed of 99.9% pure silver.
2. Can I buy Mexican Libertad Silver Coins online?
Yes, you can buy Mexican Libertad Silver Coins from a variety of online dealers.
3. How do I know if I am buying authentic Mexican Libertad Silver Coins?
To ensure that you are buying authentic coins, buy from a reputable dealer who has positive reviews from previous customers.
4. How much should I expect to pay for Mexican Libertad Silver Coins?
The price of Mexican Libertad Silver Coins varies depending on the size of the coin and current market conditions. It is important to do your research and buy at a fair price.
5. What is the best way to store Mexican Libertad Silver Coins?
Many investors choose to store their coins in a safety deposit box or a secure safe at home. Whichever option you choose, make sure that your coins are stored in a cool, dry place, away from direct sunlight.