About Mexican Libertad Silver Coins
The Mexican Libertad is an essential silver bullion coin minted in Mexico. As well as being the official flagship bullion of the Mexican Government, the Libertad is one of the most beautifully crafted coins in the world and is highly prized by collectors and investors alike. In addition, Mexico manufactures silver Libertad coins in smaller quantities than their American neighbors, and this scarcity increases their investment appeal. Combined with the fact silver Mexican Libertad qualifies for precious metal IRAs, these delightful coins make a perfect addition to any retirement portfolio.
History of Mexican Libertad Coins
Mexico is a vast silver-producing nation, responsible for roughly 20 percent of the world’s silver production. It has a long history of minting, and Mexico City became home to the first mint to conduct in the Americas when the National Mint of Mexico opened in 1535.
The Mexican Silver Libertad Coin was first produced in 1982 and quickly became a valuable investment piece. Initially only available in one ounce, in 1991, the Mexican Mint created other coin denominations to appeal to a broader audience. All Mexican Libertad coins have the same design and a purity level of .999 fine silver.
The amount of coins produced each year differs. Production fell as low as a few hundred in 1999 but several million in other years. The scarcity of common mintage years makes the coins more sought after and valuable.
Why buy Mexican Libertad Coins
Mexican Libertad coins are some of the most economical silver coins on the bullion market, making them a perfect option for investors. Silver is also a more affordable investment option than gold, making it a good choice for investors who want to spend lower amounts on their coins. Real silver also adds diversification to portfolios.
Besides the value of the coins and the high purity content, the fact that the coin also comes from the oldest mint in the Americas lends it high numismatic value, and this helps to make it a more liquid investment. Furthermore, in contrast to silver bullion coins from other countries, the Silver Libertad is not recognized in Mexico or elsewhere. Therefore, its market value is mainly determined by the spot price of silver, which means the coins are valued much more than the face value incorporated into the design.
Design of Mexican Libertad Coins
Mexican Libertad Coins are known for their delicate artwork. The design is the same on all coins and does not change yearly like some silver bullion coins from other countries. On the obverse, the Angel of Independence, or “El Ángel,” is represented as a victory column in Mexico City. In the background, the two volcanoes, Popocatépetl and Iztaccíhuatl, are pictured, both of which play an essential role in the mythology of Mexico.
On the reverse, the Mexico coat of arms displays a golden eagle with a snake in its beak. More recent coins also have additional coats of arms surrounding this enormous coat of arms.
From 1992 onwards, Silver Libertads have been minted in various sizes, including 1/20 ounce, 1/10 ounce, ¼ ounce, ½ ounce, and one ounce. In 1996, two-ounce and five-ounce versions were created. There are even some one-kilogram versions, but they are limited.
Mexican Libertad Coins: IRA Investment
Because Mexican Libertad Coins contain .999 fine silver, they are eligible for a valuable metals IRA. In addition, the IRS has strict qualifications for the purity of bullion coins that permit as a retirement investment, and the Silver Libertads meet the requirement set by US legislation. On top of this, the relatively low mintage amounts mean a high demand for silver Libertad coins, making them a smart option for investors.
Having physical silver is also a perfect way to add more diversification to a portfolio. Silver moves independently of stocks and bonds and is a more economical metal than gold or platinum, making it a sensible option for investors.
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