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The Libertad coins are silver and gold bullion coins originating from Mexico and minted by the La Casa de Moneda de México (Mexican Mint). The Mexican Mint was established in 1535 and is the oldest mint in the Americas. The modern coins contain 99.9% silver or gold (.999 fineness) and are available in various sizes. Both metal coins have ...
The copper 1-centavo coin was continued; silver (.9027 fine) coins of 5, 10, 20, 25 and 50 centavos and 1 peso commenced in 1867; and gold coins of 1, 2 + 1 ⁄ 2, 5, 10 and 20 pesos commenced in 1870. The obverses featured the Mexican 'eagle' and the legend "Republica Mexicana".
It continued to be minted to Spanish standards throughout the 19th century, with the peso at 27.07 grams (0.955 oz) of 0.9028 fine silver, and the escudo at 3.383 grams (0.1193 oz) of 0.875 fine gold. The Mexican peso or 8-real coin continued to be a popular international trading coin throughout the 19th century. [citation needed]
Copper coins for 1 ⁄ 16, 1 ⁄ 8 and 1 ⁄ 4 real were issued both by the Federal government at the Mexico City mint and by the state governments at various mints around the country. On the republic's coins, the Mexican eagle moved to the obverse, with the legend "República Mexicana". The reverse featured a liberty cap with rays behind. The ...
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
With the world market price of silver having been in excess of $1.29 per troy ounce since 1960, silver began to flow out of the Treasury at an increasing rate. To slow the drain, President Kennedy ordered a halt to issuing $5 and $10 silver certificates in 1962.