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Long Beard's Blog

10 Jan 2021

New Year, New Direction

Coins-World | Long Beard

With every new year, we as collectors set goals as to how our collecting will advance and change. What we will add to the existing or something entirely new.In a year where I have read some fascinating blogs on many subjects, several of them have opened my eyes to those coins beyond the United States borders. It was the reason I began and completed the Australian Silver Wedge-tailed Silver Eagle in that year. With these things in mind, the Libertad of Mexico is that of this week's blog. Enjoy!




World-wide, the Mexican Libertad is one of only two legal tender bullion coins to have no face value imprinted. First introduced in 1981, this simply stunning design becomes worthy of a top contender right up there with the highly popular American Eagle. To label it the Saint Gaudens of Mexico seems appropriate.The obverse features a finely detailed national shield at the center ringed by ten of the country's historical coats of arms. On the reverse the Winged Victory Statue predominantly set against Mt. Iztaccihuautl and Mt. Popocatepetl in the background.



Aside from the design, few if any coins combine as much history, love and tragedy behind it's creation. An ancient Mexican legend recounts of the beautiful princess, Iztaccihuautl in love with Popocatepetl. Her father, disapproving of the young suitor, sent him to war in Oaxaca with the promise of her hand in marriage upon his return. Believing he would not, and to be certain if he had, several other suitors were found to prevent them from union. Learning of her father's intent, and fearing no other way out, she ended her life with a dagger by her own hand. Return he did, finding his beloved dead and carrying her body to the nearby mountains in the hopes of the cold reviving her. Only to succum, frozen to death himself. For his act of true love and compassion the god's blanketed them in snow, turning them into mountains. She, laying on her side and he a volcano to forever reign down his anger upon those who stood between them.



What makes this a great series to pursue, design aside, the many extremely low mintages (only several of the entire run topping one million), are readily available at values well below what they otherwise should be.

Comments

CentSearcher

Level 5

That's quite a story behind a single coin. I recall seeing one of those sometime, and it caught my attention. Thanks for the blog, and stay safe!

World_Coin_Nut

Level 5

I have a good friend that loves Libertad's. It's not something I have gotten in to but it is a great design.

Mokie

Level 6

I have not purchased a Libertad so far but it is definitely on my radar screen. As you stated, it is a beautiful design and the use of all the previous Eagles on the reverse is genius. I will definitely pick one up in 2021, at my first show.

I. R. Bama

Level 5

Sort of reminds me of that Santana album cover too

The number of eagles on the coins always made me laugh. It certainly is probably the 3rd or second most popular bullion coin in the world.

I. R. Bama

Level 5

@ Big Nub. Why thirteen eagles and rattlesnakes? There are more than 13 states in Mexico

Kepi

Level 6

Great blog! I really enjoyed it ; ) Libertad's are a favorite of mine. Beautiful design and interesting story behind it.

Stumpy

Level 5

Nice, my Spousal Unit oohed and aahed when she saw this coin. As my Grandfather would say "that thang is Purdy". Great blog!

Longstrider

Level 6

I wanted to add that there are some very nice doubled die Libertads out there. Ii can't say if it is on the obverse or the reverse. The TPG can't decide and either can the Mexican collectors I have asked. Seems to be a bid secret. Slabs show both ways on the same variety.

Longstrider

Level 6

A truly awe inspiring coin and just because I collect them. Great blog. The heartbreak story is fantastic. As you state, there are some low mintages with high prices.. I just received, as a pre order, my 2020 coin 2 weeks ago. They just released them. This is common for these coins. Thanks. I enjoyed your blog. Dansco makes a fine album for them if you can find any Dansco stuff now.

coinsbygary

Level 5

I need to add one of these to my collection this year. Thanks for the blog.

user_9073

Level 5

The Libertad of Mexico is very interesting to me. Some places on the internet say it is not legal tender and other say it is?? The Bank of Mexico accepts it as payment at the current value of silver. Still it is not marked with any denomination. It is certainly a beautiful coin (or bullion silver round) and is worthy of a place in any collection. Thanks for the ancient Mexican legend.

Golfer

Level 5

Nice coins. I have a few stuck away for silver. Would be great to visit their mint. Thanks

Mike

Level 7

It's a great story. . Made in the oldest working mint in the western hemisphere. I have a few. The story behind it make the xoin. A beautiful coin. Thanks for sharing it. Good one.

I. R. Bama

Level 5

Really enjoyable blog and a great coin! It is a very attractive coin. I like the idea of no valuation placed on the coin. Good! Truth in advertising, l like that. I always thought it was strange to put meager values on a coin whose worth many times its denominational worth. By the way what is the other coin without a value given to it?

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