The Mexican Silver Libertad is a bullion and collector coin produced by the Casa de Moneda de Mexico. The coins were first issued in 1982 as one ounce .999 fine silver bullion coins. Over the years, the range has been expanded to include both smaller and larger sized coins as well as proof versions for collectors.
The original obverse design for the series featured winged Victoria from the Mexican Independence Victory Column before a landscape containing the volcanoes Popocatépetl and Iztaccihuatl. The reverse featured the Coat of Arms of Mexico depicting a golden eagle perched on a prickly pear cactus and devouring a snake, symbolizing the triumph of good over evil.
The second and current design for the series introduced in 1996 features a different view of winged Victoria with the two volcanoes still appearing prominently in the background. On the reverse, the central Coat of Arms of Mexico was reduced in size so that the historical costs of arms could appear surrounding.
After producing the bullion coins in one ounce size only from 1982 to 1990, smaller sized coins were added in 1991. This included 1/20 oz, 1/10 oz, 1/4 oz, and 1/2 oz sizes. Starting in 1996, larger sizes were added, including 2 oz size and 5 oz size coins. The full range of seven sizes continues to be produced for new issues.
The production of proof versions for collectors began in 1983 with the offer of a limited mintage prof set. Regular one ounce proof coins began to be issued in 1986. In 1992, the four smaller sizes were added to the proof range. In 1996, the two larger sizes were added. From 2002 to present, a proof like 1 kilogram sized coin has also been offered.
The Silver Libertad can be a vehicle for silver bullion investment as well as an item with numismatic appeal. The design is among the most beautiful for world silver bullion coins and mintage levels are amongst the lowest. Special sets provide some variety and additional pieces for the collector to pursue.