I've always enjoyed collecting Mexican coins and bullion rounds. They always have great artistry and produce very attractive coins and rounds. Currently the Mexican Mint produces bullion rounds called Libertads, which are beautiful works of art. Prior to the Libertads they produced another silver bullion round often called 1 Onza (ounce). They were only produced from 1978 until 1980 so they aren't real common.
The obverse of the round is an ancient coin press that was first used in the Mexican Mint to produce coins. The device was run manually by spinning the top to produce enough rotational speed to press down and mint the coins. They were eventually upgraded to steam run devices and then to an electric motor but the process was the same. Making coins back then would have been a very tiring job!
The difference between a coin and a bullion round is pretty simple. For it to be a coin in needs to have a denominational value stated on the coin (like one peso) and rounds don't have any denoted denominational value. So this is a bullion round just are the present day Libertads. Just in case you were wondering!
About the round:
Country: Mexico
Mint : Casa de Moneda de México
Year: 1980
Mintage: 6,104,000
Composition: 92.5% silver
Diameter: 41.5 mm
Weight: 33.625 grams
Thickness: 3 mm
Edge: Reeded
Obverse: Ancient coin mint press with lettering: CASA DE MONDEDA DE MEXICO (Mexico Mint)
Reverse: A scale with lettering: UNA ONZA DE PLATA PURA LEY .925 PESO 33.625 GRAMOS Mo (One pure silver ounce Fineness 0.925 Weight 33.625 grams Mexico Mint
I've always thought this round is a little confusing. It states that it is one ounce of pure silver but when you look at the fineness it states that it is sterling silver which is 92.5% pure. But when you work out the math it does actually have one troy ounce of silver in it but likely has some copper mixed in to make it more durable.
These are great for collectors and stackers alike since they have a great design and a full troy ounce of silver. Although I think the newer Libertad design is much prettier. Here's and example of one:
Thanks for stopping by to read my post today, I really appreciate all of your support! If you have any suggestions, comments, or questions feel free to leave them below. Thanks again!
References
https://en.numista.com/catalogue/pieces13398.html
And my disclaimer:
Gold and silver stacking can be a fun hobby but isn't for everyone. You can lose money. I'm not a financial advisor and this isn't financial advice, please always do your own research before spending your hard earned money.
All pictures are mine.
Witnesses:
Re-blog lottery
I apologize for not getting a post up yesterday, some personal engagements pulled me away before I could finish!
Now for the winner of the re-blog lottery! Today we had 24 people re-blog my post, thank you so much! You guy are the best! The people who re-blogged were:
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Good luck to everyone!
And the Wheel of Names results:
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You will receive 3 HSBI!
Now for today's re-blog lottery! You just need to re-blog my post you will be placed on the Wheel of Names for a spin to possibly win 3 HSBI units! Just one prize for the lucky winner. An upvote is not required but is always greatly appreciated. Bots aren't allowed to win the prize. Contest ends at 14:00 (2 PM) California Pacific time tomorrow. If I somehow missed your re-blog please let me know and I'll add you to the next draw.
What are HSBI units? They are units that you can purchase to sponsor someone and you in turn receive a unit as well. This way we both benefit! They give you occasional upvotes on your posts for a lifetime, and the more you accumulate the more often you receive upvotes and the bigger they can be. You can read some more here:
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