Help - Search - Members - Calendar
Full Version: Keep it or convert it?

CoinPeople.com > Main Numismatic Forums > World Coin Forum
TreasureGirl
IPB Image
IPB Image
IPB Image

With my luck, it isn't really money, but something just for fun.

Anyway, I found this in the foreign bin at the coin shop down the road, noted that $1000 pesos would be more than .20 US and bought it just in case. Now I'm in a quandry - should I keep it, because it is a coin so high in value and probably relatively uncommon, or should I get it converted into $90 US and use it to buy US coins, something I know something about (I only dabble in world coins)?

Thanks for your input!
Scottishmoney
Sorry to burst the bubble, but Mexico did a 1000/1 conversion in the early 1990's, 1000 old pesos = 1 new one. It is only worth a few cents, probably more in metal value now. cry.gif
Art
QUOTE(Scottishmoney @ Jan 23 2007, 10:35 AM) [snapback]297174[/snapback]

Sorry to burst the bubble, but Mexico did a 1000/1 conversion in the early 1990's, 1000 old pesos = 1 new one. It is only worth a few cents, probably more in metal value now. cry.gif



^^^ What he said.
TreasureGirl
Aww, thought it was too good to be true cry.gif

Besides, I showed it to the guy I bought it from and he made no move to take it back. I guess that means I'm keeping it; no big dilemma anymore. Thanks guys!
Rotten Rodney
I'll through in my pesos and we may be able to get a really small cup of Coffee.
IPB Image
tabbs
QUOTE(Rotten Rodney @ Jan 24 2007, 07:01 AM) [snapback]297368[/snapback]

I'll through in my pesos and we may be able to get a really small cup of Coffee.

The three bi-met pieces are current legal tender in Mexico. The post-reform coins first said N$ (nuevo/s peso/s) while the newer ones just say $ (peso/s) again. So those $8 would be about 70 to 75 cents in terms of US dollars ...

Here is a neat (English) list of Mexican coins:

Older Coins which can still be redeemed (old pesos) or used (new pesos):
http://www.banxico.org.mx/sitioingles/bill...eableCoins.html

Current Coin Series:
http://www.banxico.org.mx/sitioingles/bill...ufactCoins.html

From my experience, the 1, 2, 5 and 10 $ coins are pretty common in circulation. The lower values (centavos), well, not really. And the 100 pesos commems are not issued for circulation AFAIK; paper money starts at 20 pesos.

Christian
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2008 Invision Power Services, Inc.