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2016 Mexican Libertad 1 oz Silver Coin (with Capsule)
The 2016 1 oz Silver Mexican Libertad Coin is a troy ounce .999 fine silver bullion coin minted by Casa de Moneda de Mexico (also known as the Mint of Mexico), the oldest mint in North America, founded in 1535. The Mexican Libertad coin has become a highly desirable and sought after 1 ounce silver bullion coin due to its limited mintage, breathtaking design with beautiful satin finish. Unlike other sovereign bullion coins, the Silver Libertad does not have a nominal Mexican currency value or denomination because the Central Bank of Mexico decided that from the get-go the value of the coin should be based on the market price (spot price) of silver plus a small premium. These coins are rapidly gaining popularity in the United States and are not easy to come by. These world renowned coins are among the most popular silver coins released on an annual basis.
The obverse design depicts two key symbols of the Mexican people: the Winged Victory statue in the forefront and the Mexican volcanoes Popocatepetl and Iztaccihuatl in the background. The reverse features a sculptural relief design of the National Shield, encompassed by the legend "Estados Unidos Mexicanos" (United Mexican States), surrounded by different national coats of arms used throughout Mexico's history.
The Mint of Mexico is responsible for minting legal tender coins within the country, according to the characteristics and denominations established by the decrees issued by the Mexican Congress and the guidelines set forth by the Banco de Mexico. In recent years the 1 ounce Silver Libertad has seen mintages as low as 200,000 coins and as high as 1,650,000 for the entire year which is dramatically lower than other government minted bullion coins.
Each 2016 Libertad contains one Troy ounce of .999 fine silver and will arrive in brilliant uncirculated condition.