Mexico 2006 onza

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from the Mountain Groan Collection
Mexico 2006 onza rev DSLR.jpg
Stack's Bowers 2022 ANA sale, lot 36360
SB822-36360r.jpg

In 1949 the Mexico City mint issued the world's first onza to modest success. It tried again in 1980 with a resurrection of the 1949 design. In 1982 the medallion (technically, Libertads are not coins) was redesigned to use the obverse from the 1921 two pesos. The weight was reduced and the fineness increased from .925 to .999 silver. The medallion was an immediate hit. It was the only silver bullion coin on the market for several years and, backed by the Mexican government, outcompeted private mint issues. It inspired imitations such as the U. S. silver eagle (from 1986) and the Canadian Maple Leaf (from 1988) which have cut into its market share to the point where several of the later dates are downright rare. The type is recorded for 2000-25. The second specimen was lot 36360 in Stack's Bowers ANA sale (Chicago, August 2022), where it sold for $216. The catalog description[1] noted, "MEXICO. Onza, 2006-Mo. Mexico City Mint. PCGS PROOF-69 Deep Cameo."

Recorded mintage: 300,000 plus 4,000 proofs.

Specification: 31.1 g, 0.999 fine silver, 1.00 troy oz ASW, reeded edge, 40 mm diameter.

Catalog reference: KM 639.

Source:

  • Amaya Guerra, Carlos Abel, Epitome Ilustrado de la Moneda Mexican Moderna, 1905 a 2015, Monterrey, Mexico, 2015.
  • Bailey, Don and Lois, Whitman Encyclopedia of Mexican Money, Volume 1, An Illustrated History of Mexican Coins and Currency, Atlanta: Whitman Publishing, 2014.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 2001-Date, 13th ed., Iola, WI: Krause Publications, 2018.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The 2022 ANA Auction - Ancients & World Coins - Featuring The Salton Collection Part III, the Augustana Collection and the Robert C. Knepper Collection, Costa Mesa, CA: Stack's Bowers LLC, 2022.

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