ZenBalance
Mon Nov 25 2024
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7 answers
1620
What is a Libertad coin?
The Libertad coin is a silver coin issued by Mexico, featuring a design that includes the coat of arms of Mexico on its reverse side. This coin is notable for having a value that is not fixed, but rather varies with the price of silver. The Mexican government adjusts the coin's value based on the fluctuations in the silver market, keeping it slightly above the current silver price. This unique characteristic allows the Libertad coin to serve as a hedge against currency devaluation and a means of preserving wealth for Mexican households.
