The Mexican Libertad ounce: history, designs and mintages

One of the oldest silver bullion coins in the world: it has no face value and yet it is legal tender. We cover its full history, from the Mexico City Mint of 1535 to the 2025 mintage, the lowest ever, its four designs since 1982 and why 1997, 1998 and 1999 form the “Holy Trinity” of the series. Based on public data from the Bank of Mexico and standard numismatic catalogues.

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What you'll learn in this video

• Legal tender with no face value
• Origins: from the troy ounce to the Libertad
• The design: the Angel, the volcanoes and the coat of arms
• Design 1: the “gordita” and the edge change
• Design 2: new fractions and the 1991 “mules”
• Design 3: the New Libertad of 1996
• Design 4: the ten historic coats of arms
• Mintages: why the Libertad is scarce
• The “Holy Trinity”: 1997, 1998 and 1999
• The 2025 case: the lowest mintage in history
• Investment or collecting: our view

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Educational content only. Not financial advice or an investment recommendation. Figures mentioned are illustrative examples. All investment carries risk.