Mexican Gold Libertad Coins
The Gold Libertad coin is the official gold bullion coin of the Government of Mexico. It is minted by the authority of Banco de México (Bank of Mexico) and is minted by the Mexican mint La Casa de Moneda de México. The Mexican mint was founded in 1535, making it the oldest coin mintage in the Americas.
The Gold Libertad was initially minted in 1981, honoring the Mexican independence. The original coins were minted from .900 (22-karat) pure gold, and it was minted in three various weights: 1 oz, ½ oz, and ¼ oz. However, the Mexican mint shifted to using .999 (24-karat) pure gold in 1992. The coins are presently minted in five different weight denominations: 1⁄20 oz, 1⁄10 oz, 1⁄4 oz, 1⁄2 oz, and 1 oz.
The gold Libertad’s obverse side shows the Mexican Coat of arms along with a Mexican golden eagle resting on a prickly pear cactus consuming a rattlesnake. The image is associated with the founding of Tenochtitlan, present-day Mexico City. The coat of arms shows the deity Huitzilopochtli’s story telling the Aztec people to build their city on where they spotted the eagle consuming a snake on top of a cactus. The lower half of the coat of arms shows oak and laurel leaves surrounding the eagle. The words “ESTADOS UNIDOS MEXICANOS” (United Mexican States) also encircles the coat of arms.
The reverse side of the Gold Libertad is inspired by the 1921 gold Centenario, the coin that was released to commemorate the 100th year anniversary of Mexican independence. The Angel of Independence, the winged Victoria, is shown in front of the volcanoes Popocatépetl and Iztaccihuatl as her backdrop. The coin’s weight in ounces or onza, date minted, and purity or fineness are also shown on the reverse side.
Unlike other gold bullion coins, the gold Libertad does not have any face value. Its value is based purely on its weight and its gold content. Like other gold bullion coins, the Gold Libertad is guaranteed and accepted by the Banco de México as legal tender based on gold’s current market value or its spot price.