Courtesy of Mish.
My friend Hugo Salinas Price, a tireless promoter of sound money, offers a Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk.
This is a guest post by Hugo Salinas Price. Due to its length, I will not use block quotes. My comments appear at the conclusion.
A Primer on the Mexican ‘Libertad’ Silver Ounce as a Vehicle for Savings of the Common Folk
Hugo Salinas Price
Who created the Mexican silver peso known as the “0.720 Peso”? President of Mexico Venustiano Carranza.
When did minting of this coin begin? In 1920.
Why was it known as the “0.720 Peso”? Because its silver content was 72% of its weight.
What was the silver content of the “0.720 Peso”? The pure silver content of the “0.720 Peso” was 12 grams.
