2 oz Silver Libertad 1998: Value & Real Prices
The 2 oz Silver Libertad 1998: Value & Real Prices is worth between $2,100 and $2,300 MXN depending on its grade of preservation.
Prices updated: August 2026
New Series die · Pure silver .999
New Series die · Pure silver .999
Design
Banxico
Reverse
Winged Victory (Angel of Independence) before the Popocatepetl and Iztaccihuatl volcanoes. Inscription "2 ONZAS TROY DE PLATA PURA".
Obverse
Mexican National Coat of Arms surrounded by historic eagles and elements of the Codex Mendoza. Inscription "ESTADOS UNIDOS MEXICANOS".
The 2 oz Silver Libertad 1998: Value & Real Prices is worth between $2,100 and $2,300 MXN depending on its grade of preservation.
Prices updated: August 2026
How much is the 2 onzas 2 oz Silver Libertad 1998: Value & Real Prices worth?
The estimated value of the 2 onzas 2 oz Silver Libertad 1998: Value & Real Prices ranges from $2,100 (circulated, XF) up to $2,300 (official blister pack), with $2,227 as a reference for an uncirculated (UNC) piece. The estimate is based on the official mintage and the historical behavior of the family.
The real price depends on four factors: the grade of preservation (a circulated piece is worth the low end of the range; an uncirculated one, or one still in its official blister pack, the high end), the finish (satin vs mirror/proof), the rarity within the series based on the mintage, and the metal spot price on the day of the deal when the piece is silver or gold. Check the value-by-grade table above and compare with equivalent pieces before buying or selling.
Where to buy or sell this coin?
Browse the national directory of numismatic shops or the community forum to trade directly with other collectors.
Price today
How much is the silver in your Onza Libertad worth?
The value of this coin depends on the silver spot price plus a numismatic premium. Check today's up-to-date price.
Description
If you inherited or found a 1998 2 oz Silver Libertad, the fast answer is this: it's real silver with a hard floor at melt value (two troy ounces of pure silver), and depending on condition it can bring anywhere from bullion price to several hundred dollars for a top certified example. It is not a million-dollar coin, but it is not junk either.
The Libertad ("Liberty") is Mexico's official bullion coin, minted by the Casa de Moneda de México (the national mint). The 2-ounce version is a larger, less common format than the standard 1 oz coin, and 1998 is a single-year issue in this size, which is part of why collectors pay attention to it.
What you actually have
The 1998 2 oz Silver Libertad is a bullion coin holding 2 troy ounces of .999 fine silver (that means 99.9% pure). Here are the verified specs:
- Metal: silver, .999 fine
- Weight: 62.206 grams (2 troy ounces)
- Diameter: 48 mm
- Edge: reeded (grooved)
- Year: 1998, single year of issue in this design run
The obverse shows the Mexican coat of arms surrounded by historical eagles and elements from the Códice Mendocino (an Aztec pictorial manuscript). The reverse shows the Winged Victory (the "Ángel de la Independencia" statue in Mexico City) with the Popocatépetl and Iztaccíhuatl volcanoes behind her. This is the New Libertad Series design, introduced by the mint in 1996.
How much is the 1998 2 oz Silver Libertad worth?
Value depends on two things stacked on top of each other: the silver it contains, and its condition.
The floor is melt value. Two troy ounces of pure silver will always be worth roughly twice the current silver spot price, no matter what. That is the number below which this coin cannot fall. A worn, scratched, or cleaned example trades close to this bullion floor.
Above that is the collector premium. A clean, uncirculated coin with original luster carries a premium over melt because it's the larger 2 oz format from a single-issue year. A professionally graded example in high mint state (MS-69 or MS-70 from NGC or PCGS) sits at the top of the range and can bring several hundred dollars.
| Condition | Approximate value (USD) |
|---|---|
| Circulated / cleaned / damaged | Around melt value (2x silver spot) |
| Uncirculated, raw (ungraded) | Melt plus a modest premium |
| Certified MS-68 to MS-69 | Roughly 80 to 200 USD |
| Certified MS-70 (top grade) | 200 to 400+ USD, buyer-dependent |
These are working ranges, not fixed prices. Silver Libertads track the silver market, so the melt floor moves with spot. Certified prices depend on how many high-grade examples exist and current collector demand.
The myths worth killing
"It has no published mintage, so it must be super rare and worth a fortune." Not quite. Mexico's central bank (Banxico) did not publish a per-year mintage figure for this denomination before its official mintage table starts in 2000. No published number does not automatically mean tiny production. It means the data is not officially documented. Treat any "exact mintage" you see quoted in forums as unconfirmed.
"Old silver coin equals big money." A 1998 coin is not old, and age is not what drives value here. What drives value is the silver content (the floor) plus grade and demand (the premium). A beat-up example is worth its silver, full stop.
How to tell if yours is genuine
Because this is a precious-metal coin, counterfeits exist. Three checks before you trust it:
- Weigh and measure it. A genuine coin weighs 62.206 grams and measures 48 mm across. If your piece is light or off-size, that's a red flag on its own.
- The ping test. Balanced on a fingertip and tapped gently, real silver rings with a high, sustained tone. Fakes sound dull and short.
- Get it certified for anything valuable. If you believe you have a high-grade coin, sending it to NGC or PCGS (the two major grading services) is the only way to prove condition and authenticity beyond doubt. That certification is also what unlocks the top of the price range.
Most "error coins" people spot on social media are post-mint damage (dings, corrosion), not genuine mint errors. Real striking errors exist and can add value, but only a grading service can confirm one.
Where to sell it
Since it's a precious-metal coin, you have a built-in buyer pool: anyone buying silver will take it at melt. To get more than melt, you want a numismatic buyer:
- A verified coin dealer who can appraise it on the spot and pays a fair premium for high grade.
- A collector marketplace or forum where buyers value the 2 oz format specifically.
- Photograph the obverse, reverse, and edge before you list, and check the range on this page so you don't sell under value.
Avoid dumping it to the first offer on general social media. And if you're buying rather than selling, only deal with someone who shows the coin and its weight before you pay.
Want to know what your exact coin would bring today? Post clear photos of both sides and the edge in the Pesoteca forum and let collectors weigh in before you sell.
Historical context
2 troy ounces Libertad silver 1998 Regular BU
This piece is the 2-troy-ounce silver Onza Libertad, struck by the Mexico City Mint in 1998 in its Regular BU version.
Technical data. It contains 62.2 g of pure silver, fineness .999, and measures 48 mm in diameter. On the reverse it bears the effigy of the Angel of Independence, chosen by Banxico as the official symbol of the series since 1981. On the obverse appears the National Coat of Arms in its pre-1969 version, along with other historic coats of arms as an identity mark of the family.
Role within the set. It's a piece for serious collecting. Its mintage is far lower than that of the standard ounce and its large format shows off the detail of the engraving. It's usually hunted peer-to-peer alongside the 5-ounce.
Context of the year. In 1998 Ernesto Zedillo Ponce de Leon was in power. The first complete set (1/20 to 5 ounces) was struck with the seven denominations already established.
Regular BU finish. The Regular finish, cataloged by Banxico as satin or BU, is obtained with dies without special polishing. The result is an even matte brightness over the whole surface, without a mirror contrast between fields and relief. It's the traditional bullion finish: it's bought for its weight in pure silver plus a modest die premium. It's the version hunters look for to build the complete set by year without decapitalizing on each piece.
Mintage. The exact mintage of this combination does not appear in the Bank of Mexico's public 2000-2025 tables. For pieces outside that range, the specific Mint catalog must be consulted.
This piece belongs to the era
Nuevos Pesos y actualidad →Explore all the Mexican coins of this era, their historical context and how they connect to the monetary system of the period.
Value range of this piece
Market estimate: $2,100 - $2,300 MXN depending on the grade of preservation (typical range between a circulated and an uncirculated piece).
See the full breakdown by grade (VG, F, VF, EF, AU, MS-60, MS-63, MS-65) for the whole series →
Other denominations from 1998
Onza Libertad · Plata 0.999
Same denomination, other years
2 onzas Plata 0.999 · Onza Libertad
Frequently asked questions
How much is the 1998 2 oz Silver Libertad worth?
Its floor is melt value: two troy ounces of .999 silver, so roughly twice the current silver spot price. Above that, condition drives the premium. A worn coin sells near melt, while a certified high-grade example (MS-69 to MS-70 from NGC or PCGS) can bring anywhere from around 80 USD up to 400 USD or more depending on grade and demand.
Is the 1998 2 oz Silver Libertad rare?
The 2-ounce format is less common than the standard 1 oz Libertad, and 1998 is a single-year issue. Banxico did not publish an official per-year mintage for this denomination before 2000, so any exact rarity figure you see quoted online is unconfirmed. It's collectible but not a scarcity that pushes it into rare-coin territory on its own.
How can I tell if my 1998 2 oz Silver Libertad is genuine?
Check the specs first: a real one weighs 62.206 grams and measures 48 mm across. If it's light or off-size, be suspicious. The ping test helps too, real silver rings with a high, sustained tone while fakes sound dull. For anything valuable, certification by NGC or PCGS is the definitive proof of authenticity and grade.
Where can I sell a 1998 2 oz Silver Libertad?
For fair value, use a verified coin dealer who can appraise and pay a premium for high grade, or a collector forum where buyers value the 2 oz format. Photograph the obverse, reverse, and edge, and check the price range on this page first. Any silver buyer will take it at melt value, but a numismatic buyer pays more.
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Images for informational and educational purposes, attributed to their original source. Reference values; the real price depends on the grade, the specific variant and demand.
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