Keep it or convert it?

[TreasureGirl]

 

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.

[Art]

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.

 

 

^^^ What he said.

[TreasureGirl]

Aww, thought it was too good to be true

 

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.

[tabbs]

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