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La Casa de Moneda de México (the Mexican Mint) was established in 1535 and is the oldest mint in the Americas. Apart from manufacturing all the circulation coinage for Mexico, the mint also strikes coins in the internationally popular one twentieth of an ounce of gold format. The best known of these is the Libertad series of bullion coins, which has been issued in a number of sizes in gold since 1981 and in silver since 1982. The Libertad twentieth-ounce of gold (1/20 onza in Spanish) was added to the range in 1991. The obverse of the coin depicts the Coat of Arms of Mexico: a Mexican golden eagle perched on a prickly pear cactus, devouring a rattlesnake. The reverse design is based on the 1921 gold Centenario, a coin issued to mark the centennial of Mexican independence (Libertad means Liberty in Spanish); it depicts the winged Nike (Victory, or Victoria in Spanish) - the statue which tops The Angel of Independence monument in Mexico City (built in 1910); in the background the volcanoes Popocatépetl and Iztaccihuatl are seen. The design was changed from the "Type 1" Libertad (called just "Libertad" by the Bank of Mexico) to "Type 2" Libertad ("New Libertad") in 2000; the difference is that Victoria is seen on the later coins from an angle and not from the front as before. Libertad coins do not have a fixed face value; they are accepted as currency and guaranteed by Banco de México based on the market value of their precious metal content (similarly to the South African Krugerrand). | ||||
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Country | Mexico |
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Currency | Mexican Peso (New) |
Sub-type of | Gold Twentieth-Ounce (1/20 oz) |
From | 1991 |
Face Value | (varies) (x Peso) |
Current | Yes |
Material | 0.999 Gold |
Designer | |
Technology | Milled (machine-made) |
Shape | Round |
Orientation | Coin Alignment (Axis 6) |
Size | 13.0000 mm |
Thickness | 0.6500 mm |
Mass | 1.5551 g |
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