Banco de México

The Bank of Mexico (also known as Banxico) is the central bank of Mexico. Its responsibilities include, in addition to the production of money and minting of coins, ensuring the stability and purchasing power of the peso, the Mexican currency. It is also responsible for maintaining the Mexican financial and payment system.

Rich precious metal deposits and a long numismatic history

Coin minting in Mexico began as early as April 1536 in the Viceroyalty of New Spain (1535–1821). The Spanish quickly recognized the richness of Mexico’s silver and gold deposits. The output of New Spain’s mines was shipped to Europe in the form of coins, where it was used as regular currency. Transporting metals as coins was practical, as their nominal value corresponded to the intrinsic metal value at the time. At times, Spain had such an abundance of gold coins that their value temporarily declined relative to silver coins.

From the beginning of the War of Independence (1810–1824), coin minting in Mexico underwent frequent changes. Separatists, as well as rebels and eventual victors of the Mexican Revolution (around 1910–1920), minted their own coins. As early as 1905, the inscription “ESTADOS UNIDOS MEXICANOS” (United Mexican States) was introduced and has appeared on all Mexican bullion coins ever since. After the revolution, the use and especially minting of gold and silver coins ceased, as the intrinsic metal value exceeded the face value.

Mexico’s freedom minted in gold and silver – the Libertad

It was not until 1981 that the Casa de Moneda de Mexico resumed the production of gold coins, followed by silver coins in 1982. These were intended not for circulation but as investment coins. The simple name “Libertad” symbolizes Mexico’s long struggle for independence and self-determination.

The gold Libertad is available in denominations of 1/20, 1/10, ¼, ½, and 1 ounce. The silver version is also offered in 5-ounce and 1-kilogram formats. These various denominations make the Libertad particularly attractive for investors, allowing precise portfolio structuring. The design has remained largely unchanged and features the Winged Victory, symbolizing Mexico’s triumph over colonial rule and its independence.