Do you feel cheated?

DustDevilMarc

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I found this Cinco Centavos coin (from Mexico) in a roll of dimes. The coin is equal to about 4 US cents. Would you keep it and add it to your collection - at a cost of 10 cents - or would you give it back to the bank?

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P.S> Happy Hunting!
 

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I would keep it. I guess if you don't save the weird foreign coins, I'd send it back to the bank though. I love finding foreign coins, and I hang on to all of them. It's better then missing a dime.
 

I keep all foreign coins, I have a jar with only a few bucks worth. Something different and kind of cool.
 

I keep all foreign coins, I have a jar with only a few bucks worth. Something different and kind of cool.

Me too. I really like Canadian.

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Not sure how you came up with that number, but its not worth 4 cents, nor has it ever been worth close to that. Any value it can possibly have is numismatic or melt. Its absolutely worthless in exchange value. Its obsolete currency. In ~1993 Mexico devalued its peso 1000-1 and came out with the "New Peso." So essentially all pre-1993 (not 100% sure on that date but 1993 is very close if not correct) Mexican coinage has no exchange value whatsoever as I believe there was a time limit to exchange old pesos for New Pesos and that time period has long come and gone. Even if your coin could be exchanged, it'd now be worth .00005 New Pesos. As of today, there are 13.074 New Pesos in 1 U.S. dollar. According to my math, if you could somehow exchange these, 1,000,000 of them would be worth 3.8 New Pesos or ~$0.29. It would take over 34,000 of them to equal 1 U.S. cent.

I think there is a hyperinflation lesson in there somewhere.

Now to answer your question, I'm not sure what I'd do with it, but I'm never taking it back to the bank. While certainly no major crime, I would think that its technically illegal. Its absolutely worthless, so its no different than putting a slug or washer into a roll of coins IMO. For me its just a principle thing. If someone steals my car that does not give me the right to go steal someone else's car to make up for it. To me, this is exactly the same, albeit on a MUCH smaller scale. With that said, I see very little foreign coinage in my area. If I lived in a Northern state where Canadian coins circulated frequently, I very well might have a different outlook.

Really? I majored in math and came up with these numbers? I was on my first cup of coffee, but this is embarassing. My apologies. Obviously 20,000 of these would make a new peso which is worth about 7.65 U.S. cents.
 

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The same high tolerances that allow the machines to accept silver allow them to accept other coins. If you want to keep finding silver, deal with it and move on IMO.
 

i'd keep it, but it is probably worth 1 cent, I don't like releasing foreign coins back into the wild.
 

Keep it- its part of the hobby- i dont feel cheated anymore- if you cant handle foreign then give up the hobby- dont be that guy who releases foreign back into the wild-I was that guy for a while and the more foreign i sent back the more I got & the more I realized it was karma biting me in my arsch

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just keep stacking, just keep stacking, stacking stacking stacking
 

Thanks everyone. Of course I am keeping the coin because I am a coin collector! I just was curious about what you would do. Thanks!
 

What do you have to lose by keeping it, 10 cents? If you need the money I would suggest listing it on Ebay, maybe someone will buy it for .99. After fees, stamp, and envelope you should get your 10 cents back _ maybe even make 5 cents off it.
 

Although I find hundreds of foreign coins every year, 95% of them came from the bank, so they are going back.
 

ArkieBassMan is correct regarding the exchange value of the coin (much less than 1 cent US).


Some foreign coin have numismatic value, this one is does not, it is far too beat up

It does have melt value (2.75 grams of brass) roughly equal to a 1980-1 Canadian penny, about 1.8 cents.

I mostly keep foreign coins, except those that can be dumped via coin counter.
 

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