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Silver Price Mexico
Mexico is officially known as the United Mexican States, and the nation is located directly to the South of the United States. Mexico is one of the largest countries in the Americas by area, covering some 760,000 square miles. The national language of Mexico is Spanish, and nation’s government is a federal republic. Mexico is divided into 31 states as well as a special federal entity that is also its capital and most populous city. Mexico has a population of around 120 million, making it one of the most populous countries in the world.
The official currency of Mexico is the Mexican Peso. The peso gets its roots from the Spanish Dollar, and the currency is one of the most widely traded anywhere in the world. LIke many other major global currencies, the peso can be subdivided into 100 smaller units of currency known as centavos. The Mexican Peso is issued and controlled by the Bank of Mexico, the nation’s central bank.
The Bank of Mexico was established in 1925, and it is headquartered in Mexico City. The central bank has additional duties besides issuing and maintaining the country’s currency. Among other responsibilities, the central bank is tasked with maintaining price stability and acting as a lender of last resort.
If you are looking to buy silver coins, bars or rounds in Mexico, you will see prices quoted in the local currency. In addition, prices are also usually available in other key global currencies such as U.S. Dollars, euros, Great British Pounds or Japanese Yen. Silver is typically quoted and transacted by the ounce, gram or kilo.
The national mint of Mexico is known as La Casa de Moneda de México. This mint is the oldest mint in the Americas, and was established almost five centuries ago in 1535. The mint produces a variety of bullion products, and it has earned a reputation for producing products of the highest quality standards.
One of the most popular bullion products produced by the Mexican Mint is the 1 ounce Mexican Silver Libertad coin. This silver bullion coin features iconic images from Mexican history, and contains 1 troy ounce of .999 percent fine silver. One of the nicest aspects of this bullion coin is that unlike most other silver bullion coins on the market, this coin is produced in a variety of weights in addition to the standard single ounce size. These include fractional weights as well as a two ounce and five ounce weight.
If you are looking for a silver bullion coin to add diversity to your holdings, this coin made by the Mexican Mint can be a great choice. Coins typically carry fairly reasonable premiums over spot, and can be bought as individual units or in bulk with mint rolls or mint bags. Bulk purchases may offer a lower overall cost per-ounce. These silver bullion coins can also be easily transported and stored in a safe, bank safe deposit box or depository of your choice.