2 Pesos Jaguar - 1/2 oz Silver Bullion

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.