Catalog
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| Issuer | Banco de México |
|---|---|
| Year | 1982-1995 |
| Type | Non-circulating coin |
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|---|---|
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| Reverse description | The reverse features a full-length winged figure of Winged Victory (Libertad), striding forward in a classical draped garment with her right arm raised aloft holding a laurel wreath, set against a background of the volcanic peaks of Popocatépetl and Iztaccíhuatl in low relief. To the left of the figure appears the denomination '1 onza' and to the right 'PLATA PURA' in bold capitals, with the Mexican Mint monogram 'Mo' below. Along the lower arc of the dentilated border, the date, country name MEXICO, and fineness inscription 'Ley .999' are inscribed. |
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| Reverse lettering | 1 onza PLATA PURA M 1989 MEXICO Ley .999 (Translation: 1 Ounce Pure Silver .999 Fineness) |
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| Additional information |
Mexico launched the Libertad series in 1982 as a direct response to the peso crisis that year, when a catastrophic devaluation — the peso lost roughly 70% of its value between February and December — destroyed confidence in paper currency. The silver Libertad was conceived not as circulating coinage but as a bullion vehicle, giving Mexican citizens a hard-asset alternative denominated outside the collapsing monetary system.
The five KM sub-varieties across this date range reflect incremental changes to the reverse design made in 1996, but also document earlier adjustments to the coat of arms used on the obverse — Mexico updated its official escudo in 1968 and again later, and the mint methodically carried those changes through its bullion issues. The Casa de Moneda de México, operating continuously since 1535, struck all pieces in this series.