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2 Pesos Jaguar - 1/2 oz Silver Bullion

Issuer Casa de Moneda de México
Year 1998
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Orientation Medal alignment ↑↑
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Obverse description At center, the Mexican national arms — an eagle displayed upon a cactus, clutching a serpent in its beak — rendered in relief within a trapezoidal cartouche framing the design. The denomination and fineness inscription appear in the field below the cartouche, outside the figure. The legend ESTADOS UNIDOS MEXICANOS arcs above, with the bullion specification 1/2 ONZA DE PLATA LEY 0.999 inscribed below.
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Obverse lettering ESTADOS UNIDOS MEXICANOS 1/2 ONZA DE PLATA LEY 0.999
(Translation: United States of Mexico 1/2 Silver Ounce Fineness .999)
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Additional information

The Jaguar bullion series from Casa de Moneda de México ran through the late 1990s alongside the better-known Libertad program, targeting the international silver market at a moment when Mexico was aggressively expanding its mint's export revenue following the catastrophic 1994 peso devaluation. The 2 Peso denomination carries no practical purchasing power — it was set nominally to give the piece legal tender status without interfering with the Libertad's market positioning.

KM#662 is not a long-running type. The series was quietly discontinued, making later-date examples like this 1998 issue harder to source in quantity than the mintage records alone suggest.

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