1/10 oz Silver Libertad 2004: Value & Where to Sell

If you inherited or found a small 2004 Mexican silver coin with an angel on one side, you likely have a 1/10 oz Silver Libertad. The short answer: it's worth more than most people expect. With only 15,000 minted, the 2004 fractional Libertad sells for well above its silver melt value, typically in the range of 40 to 120 USD depending on grade and finish, sometimes more for top certified examples.

What you actually have

The Libertad is Mexico's flagship modern bullion and collector coin series, issued by Banco de México (the country's central bank). "Onza" simply means "ounce" in Spanish, and this is the smallest fraction: one tenth of a troy ounce.

Here are the exact specs, straight from Banco de México:

• Metal: pure silver, .999 fine
• Weight: 3.1103 grams (1/10 troy ounce)
• Diameter: 20 mm
• Edge: reeded
• Finish: bullion (satin), the investment version with a uniform satin surface
• Mintage: 15,000 pieces

The front (obverse) shows the Mexican coat of arms, an eagle on a cactus devouring a serpent, with the legend "ESTADOS UNIDOS MEXICANOS." The back (reverse) shows the Winged Victory from Mexico City's Angel of Independence monument, framed by the Popocatépetl and Iztaccíhuatl volcanoes, with the "Mo" mint mark (Mexico City mint) and the year 2004.

What it's worth in 2026

Two things drive the value of this coin: its silver content and its low mintage. At 1/10 troy ounce, the pure metal value is small, roughly a few dollars, so the coin trades on collector demand, not melt.

The 15,000-piece mintage is what matters. Fractional Libertads from the early 2000s were produced in far smaller numbers than the full 1 oz coins, and the 1/10 oz is one of the harder fractions to find in clean condition. That scarcity is why raw examples routinely sell for many times their metal value.

Coin	Year	Finish	Typical value (USD)
1/10 oz Silver Libertad	2004	Bullion (satin)	40 to 120
1/10 oz Silver Libertad	2004	Certified MS/PF high grade	150 to 400+

Grade changes everything. An uncirculated coin in an original mint capsule sells near the top of the raw range. A coin graded and slabbed by NGC or PCGS at a high mint-state (MS) or proof (PF) grade, especially MS69 or MS70, can reach several hundred dollars because so few survive that clean. A worn, spotted, or fingerprinted example drops toward the bottom of the range.

Don't overpay for the hype

Some sellers online price every fractional Libertad as if it were a rarity worth thousands. It isn't. This is a genuinely scarce collector coin, but its ceiling is set by grade and demand, not by wishful thinking. If someone quotes you a four-figure price for an ungraded, circulated 2004 1/10 oz, that's a red flag, not a bargain.

Watch out for the opposite trap too. Because these are precious metal, any offer far below the silver value or the collector range should make you suspicious of a fake or a lowball scam.

How to tell if yours is genuine

Counterfeits of Libertads exist, and the fractions are targeted because buyers pay a premium over metal. Check these first:

• Weight: it must be 3.1103 grams. Use a jeweler's scale. A wrong weight is the fastest tell.
• Diameter: exactly 20 mm. Measure with calipers.
• Relief and detail: the Winged Victory and the eagle should be crisp. Flat, mushy, or blurry detail suggests a cast fake.
• Edge: the reeding should be even and sharp.

Compare against the specs above. Fakes usually miss on weight, diameter, or detail. If you want certainty, a coin dealer or a grading service (NGC, PCGS) can authenticate it.

Where to sell it

To sell your 2004 1/10 oz Silver Libertad without getting shortchanged:

• A verified numismatic dealer can appraise and buy it on the spot. Use a reputable local coin shop, or the Pesoteca dealer directory to find one.
• A collector marketplace like the Pesoteca buy-and-sell forum puts you in front of people who know exactly what this coin is and pay accordingly.
• Certified auction through Heritage or Stack's Bowers makes sense for a high-grade slabbed example, where a strong grade can pull a premium.

Before you sell, photograph the obverse, reverse, and edge in good light, and confirm the grade so you know where in the value range you sit. Don't dump it to the first Facebook buyer.

If you have other pieces from the series, the full 1 oz coins and gold Libertads follow the same rarity logic, and the Libertad series overview is worth a look before you sell anything.

Think you might have a rare grade or a mint error on your Libertad? Post clear photos in the Pesoteca forum and let the community weigh in before you set a price.

1/10 troy ounce Libertad silver 2004 Regular BU

This piece is the silver Libertad ounce of 1/10 troy ounce, struck by the Casa de Moneda de México in 2004 in its Regular BU version.

Technical data. It contains 3.11 g of pure silver of .999 fineness and measures 20 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 historical coats of arms as the family's mark of identity.

Role within the set. It is a small fraction but one that already has presence in the hand. It is used as a gift piece and as a gateway to serious collecting. The premium over spot remains higher than that of the full ounce due to the weight of the die over few grams.

Context of the year. In 2004 Vicente Fox Quesada governed. The first physical-silver ETF in the United States was launched, the iShares Silver Trust. International demand for bullion silver took off.

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 luster over the whole surface, without mirror contrast between fields and relief. It is the traditional bullion finish: it is bought for its weight in pure silver plus a modest die premium. It is the version hunters seek to build the complete set by year without decapitalizing on each piece.

Mintage. Banxico reported in its official tables a minting of 4,096 pieces for this combination of fraction, year, and finish. That number is the basis for measuring the relative scarcity of the piece within the program.