The Mexican gold Libertad is one of the most beautiful coins you could acquire and this makes them highly sought after by both investors and collectors alike. These coins were first issued in the year 1981. Since it is possible to buy Mexican gold Libertads in a variety of denominations these coins are also some of the most affordable forms of investment in gold for small investors.
Mexican gold Libertad coins are produced by the Casa de Moneda de Mexico (the Mexican Mint). This is one of the oldest minting facilities in the U.S. Originally the mint only produced one ounce gold Libertads. In 1991, this coin became one of the very first in the world to come in several fractional sizes, making it a very affordable gold investment.
Design and Appearance
The winged Victoria appears on the obverse of these coins. Mexicans believe her to be the goddess of Victory and she is depicted as holding a laurel wreath in her right hand and broken chains in the left. The wreath represents victory and the broken chains freedom. In the background are the twin volcanoes of Popocatepetl and Iztaccihuatl. Legend says that Popocatepetl was a great warrior who chose to stand guard over his deceased lady love Iztaccihuatl for all eternity. On the reverse of this coin is the Mexican coat of arms, a golden eagle devouring a snake.
You will find two different designs in Mexican gold Libertads. The older coins (1991- 1995), have a full frontal depiction of the winged Victoria while the later ones show her from an angled perspective. The reverse design of the coat of arms also varies. In the later ones you will find the current coat of arms in the center surrounded by the historic coat of arms along the rims of the coin.
Libertad gold coins are struck as Proofs as well as in Brilliant Uncirculated quality so you can own the most aesthetically pleasing versions of these as investments.
Reasons to Invest in Libertads
There are several reasons why you should purchase Mexican gold Libertads when you want to invest in gold. One of the most important ones is that some aspects of these coins are changed every year. This makes each year’s series quite unique so that its value is enhanced especially to collectors. The aesthetic appeal of this coin ensures good demand for it among both investors and collectors. It is always makes sound financial sense to invest in products like these that have demand from more than once segment of potential buyers. The fact that it is a collectible as well as a good investment assures good prices in the market.
Gold Libertads also make good investments because of their high purity. These coins are minted with 0.999% purity gold. Since most other coins are minted with some proportion of other metals like copper, this high level of purity sets the Mexican gold coins apart from the rest. In fact, the Libertad is among the most purest gold coins you can purchase in the world.
The variety of sizes in which you can buy Mexican gold Libertads also gives good reason to invest in them. Even the smallest of investors can buy these coins because they are available in sizes starting from 1/20th oz. You can also buy 1/10th oz, 1/4th oz, ½ oz or 1 ounce gold Libertads.
Buying Mexican Gold Libertads
The greatest demand for Gold Libertads is for the coins that come in 1/10th oz size and more. This means that for best resale prices you should invest in these sizes when you decide to invest in gold Libertads. The number of Libertads minted each year is affixed beforehand and the high demand ensures that stocks quickly run out. It is best to plan ahead and place your orders with a reliable online bullion dealer.
Gold Libertads usually come with a high markup, especially for the one ounce coins. Older coins may cost less unless they are from a year when mintage was significantly low. Proof Libertads are among the most expensive of such coins in the market mainly because there are so few of them available. This shortage also ensures good prices when you need to sell the coin.
To buy Mexican gold coins online, you should first identify a reliable and reputed dealer. Dealers who have membership with the NGC or ANA are sure to deal in high quality coins. Since there is no way for you, the buyer, to actually determine the quality or grade of gold used in the coin, buying from a trustworthy dealer is critical.