1 oz Silver Libertad 2004: Value & Prices
The 1 oz Silver Libertad 2004: Value & Prices is worth between $1,050 and $1,150 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 Popocatépetl and Iztaccíhuatl volcanoes. Inscription "1 ONZA TROY DE PLATA PURA".
The 1 oz Silver Libertad 2004: Value & Prices is worth between $1,050 and $1,150 MXN depending on its grade of preservation.
Prices updated: August 2026
How much is the Onza Libertad 1 oz Silver Libertad 2004: Value & Prices worth?
The estimated value of the Onza Libertad 1 oz Silver Libertad 2004: Value & Prices ranges from $1,050 (circulated, XF) up to $1,150 (official blister pack), with $1,114 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
The 2004 1 oz Silver Libertad is worth at least its silver melt value (about 1 troy ounce of pure .999 silver), and considerably more if you have the low-mintage satin finish. In 2026, the satin version is the one collectors chase: Banxico struck only 4,086 of them, which pushes prices well above bullion into the low hundreds of dollars for clean examples.
If you inherited or found one, the first thing to figure out is which version you have. That single detail is the difference between a coin worth its metal and one worth a real premium.
What the coin is
The Onza Libertad ("Liberty Ounce") is Mexico's official silver bullion coin, minted by the Casa de Moneda de México, the oldest mint in the Americas. The 2004 issue belongs to the Nueva Serie (New Series) design used since the 1996 redesign, formalized by decree in the Diario Oficial de la Federación on May 20, 1999.
- Metal: .999 fine silver (99.9% pure)
- Weight: 31.103 g (1 troy ounce)
- Diameter: 40 mm
- Edge: reeded
- Obverse: the Mexican National Coat of Arms, ringed by historic eagles and elements from the Codex Mendoza
- Reverse: the Winged Victory (the Angel of Independence in Mexico City) with the Popocatépetl and Iztaccíhuatl volcanoes behind her
The reverse design is why the Libertad is one of the most recognized silver coins in the world, and why demand stays strong among US and international stackers and collectors alike.
Why the 2004 is worth watching: the mintage
Mintage is what separates a common Libertad from a valuable one. Banxico's official CM10 table (Annual, Pieces, Balances) reports a 2004 mintage of just 4,086 pieces in satin finish.
That is a genuinely low number for a modern bullion coin. For comparison, some later Libertad years run into the hundreds of thousands or millions. A mintage in the low four figures puts the 2004 satin Libertad in scarce territory, which is exactly what drives the premium over silver melt.
What it's worth in 2026
Value depends on finish and grade. A worn or cleaned bullion-strike coin trades near melt. A high-grade satin example with that 4,086 mintage commands a real premium.
| Finish / Condition | What it is | Approximate value (USD) |
|---|---|---|
| Bullion strike, circulated/handled | Standard silver content | Melt value (roughly 1 oz silver) |
| Satin, About Uncirculated | Low-mintage version, light handling | Melt plus a modest premium |
| Satin, MS-67 to MS-69 (NGC/PCGS) | Certified, high grade | Low to mid hundreds of USD |
| Satin, MS-70 (perfect, certified) | Top pop, no flaws | Higher, into several hundred USD |
These are guide ranges, not fixed quotes. Silver spot moves daily and sets the floor for every piece. "MS" grades (Mint State) are assigned by the two major US grading services, NGC and PCGS, on a 1 to 70 scale, where 70 is flawless. A certified, slabbed 2004 satin Libertad in top grade is where the money is; a loose coin in a drawer is usually worth closer to melt plus a small collector premium.
The realistic picture
Most Libertads people bring in are worth their silver, and that is not nothing: a troy ounce of .999 silver has real value and a hard floor. But do not expect a modern bullion coin to be worth thousands unless it is a rare year in top certified grade. The 2004 satin, with only 4,086 struck, is one of the better modern Libertad years to actually hold a premium, which is why it is worth confirming exactly what you have.
How to check what yours is worth
- Weigh and measure it. Use a jewelry scale and calipers. It should weigh 31.103 g and measure 40 mm. Off numbers point to a fake or a plated copy.
- Identify the finish. Satin has a soft, matte-frosted look; the standard bullion strike is brighter and more reflective. This is the single biggest value factor for 2004.
- Check spot silver. That is your floor. No genuine Libertad should sell below its melt value.
- Consider grading. If the coin looks pristine and you believe it is the satin version, professional certification by NGC or PCGS can multiply its value and settle authenticity in one step.
- Get a second opinion before selling. Photograph the obverse, reverse, and edge in good light and compare against the specs above.
About "error" coins
Genuine mint errors (off-center strikes, die rotation, doubled dies) can multiply a coin's value when they are real and verifiable. Most "errors" circulating on social media are post-mint damage: scratches, corrosion, or contact marks, not factory errors. If you think you have a true error, get it reviewed before assuming it is worth a premium.
Where to sell it
For a precious-metal coin, sell where the buyer shows you the piece and weighs it in front of you. A verified numismatic dealer will value it on the spot; a collector marketplace can get you a better price between hobbyists. Avoid dumping it to the first bidder on social media, and never accept an offer well below the metal value.
Got a 2004 Silver Libertad and not sure if it's the rare satin version? Post clear photos of both sides in the Pesoteca forum and let collectors help you pin down the finish and a fair price.
Historical context
1 troy oz Libertad silver 2004 Regular BU
This piece is the silver 1 troy oz Libertad, struck by the Mexico City Mint in 2004 in its Regular BU version.
Technical spec. It contains 31.1 g of pure silver, .999 fineness, and measures 40 mm in diameter. The reverse bears the effigy of the Angel of Independence, chosen by Banxico as the official symbol of the series since 1981. The obverse shows the National Coat of Arms in its pre-1969 version, alongside other historical coats of arms as a family identity mark.
Role within the set. It is the flagship piece of the series. Its annual mintage is the highest of the whole set and it is Mexico's official bullion reference. Collectors and physical silver investors always chase this denomination first.
Context of the year. In 2004 Vicente Fox Quesada was in power. The first physical silver ETF in the United States, the iShares Silver Trust, was launched. International demand for silver bullion 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 across the whole surface, without mirror contrast between fields and reliefs. It is the traditional bullion finish: bought for its weight in pure silver plus a modest die premium. It is the version collectors seek to build the complete set by year without decapitalizing on each piece.
Mintage. Banxico reported in its official tables a mintage of 4,086 pieces for this combination of fraction, year and finish. That number is the basis for gauging the relative scarcity of the piece within the program.
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: $1,050 - $1,150 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 2004
Onza Libertad · Plata 0.999
Same denomination, other years
Onza Libertad Plata 0.999 · Onza Libertad
Frequently asked questions
How much is a 2004 Silver Libertad worth?
At minimum it is worth its silver melt value, roughly one troy ounce of .999 silver. The low-mintage satin version (only 4,086 struck) commands a premium: from melt plus a small margin for handled coins up to the low or mid hundreds of USD for high certified grades (MS-67 to MS-70). Silver spot sets the floor; finish and grade set the ceiling.
Is the 2004 Silver Libertad rare?
The satin-finish version is genuinely scarce. Banxico's official records report just 4,086 pieces struck in satin finish for 2004, a very low number for a modern bullion coin. That scarcity is what pushes clean, high-grade examples above simple silver value.
How can I tell if my 2004 Silver Libertad is genuine?
Weigh and measure it: a real one is 31.103 g and 40 mm across, with a reeded edge. Fakes often have wrong weight or diameter, flat relief, or the wrong color. Be suspicious of any offer far below the value of the silver itself. For certainty, have it certified by NGC or PCGS, which authenticates and grades in one step.
Where can I sell a 2004 Silver Libertad?
Sell to a verified numismatic dealer who values and weighs it in front of you, or through a collector marketplace like the Pesoteca buy-and-sell forum for a better peer price. Photograph the obverse, reverse, and edge, check spot silver first, and never sell below melt value or dump it to the first social-media bidder.
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