Mexican Mint
Mexican Mint
Brief History
Although it is the oldest mint in the Americas, the national mint of Mexico unfortunately doesn’t enjoy the same attention as the Royal Canadian Mint or the United States Mint. The Mint was founded in 1535 in the aftermath of Spain’s successful conquest of the Aztec empire. It is named La Casa de Moneda de México and is ideally situated in the country’s capital of Mexico City. The Mexican Mint is widely regarded as the primary foundation that gives rise to the establishment of national currencies such as the U.S dollar, Chinese yuan, and Japanese yen.
Bullion Coins
The Mexican Mint manufactured its first gold bullion coin to commemorate its 100th anniversary of independence from Spain, Known as the Centenario coin, its subsequent release to the public caught the eye of many investors. These coins are available for purchase. Each coin has a 50 pesos face value issued by Banco de Mexico.
In light of the overwhelming demand for the Centenario coin, the Mexican Mint launched the Mexican Libertad as its official bullion coin in 1982. The coin is available in both gold and silver, each bearing identical designs found on the original Centenario coin. At the turn of the millennium, the coin series received an update of minor aesthetic changes to its design. However, important specifications such as weight, purity, and year of minting remained unchanged.
During its inaugural year, the total mintage production of the Mexican Gold Libertad reached approximately one million. The production line suffered from consistent disruptions as the series was pulled from the catalog. It enjoyed brief returns between 1991 and 1994 and 2000 and 2001, before finally becoming a permanent fixture of the Mexican Mint. Currently, the Mexican Gold Libertad is available in all five sizes: 1 oz, ½ oz, ¼ oz, 1/10 oz, and 1/20 oz. Production of these coins remains highly controlled, with an annual figure seldom exceeding 10,000
Types of Authentication
Before committing to any investment decisions regarding these coins, we want to make you aware of the certifications used to authenticate their quality. First and foremost, serious investors are often most interested in coins that are in Brilliant Uncirculated condition. There are other terms also commonly used by professional grading services.
- Proof-like: Highly-rated, possesses similar visual appeal compared to a proof coin.
- Deeply-mirrored: Used to describe the coin’s clear presentation of its background field.
- MS69: Coins in near-perfect condition, blighted by a maximum of two minor detracting flaws.
- MS70: Perfect coins with no damage or flaws.