How much real money is it?

[Monty]

I have a mexican coin that was given to me by a relaltive. I have no trouble identifying it as Mexican as it says Republic De Mexico or something similar to that. But it also has in numerals $100. How much is that in terms of real money? Monty

 

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[Gnelson]

Todays rate on the Peso is in american money is .75 cents per Peso so the math says $75.00 U S dOLLARS

 

[Kevo_DFX]

Ya gotta move that decimal point over a bit more.

At today's conversion rate, $7.57 US. This is assuming you have a current, non-collectable circulated coin.

 

[Monty]

Thanks! I knew it wasn't worth much and that the $100 wasn real value. I don't have the coin right here in front of me but I think it is dated in the 70s or 89s. Monty

 

[ppratt]

I'm not real sure on mexican coins but a few years ago I was there and someone gave me some money they got there from the last time they were there. They didn't exchange it. I tried to pay for something with it and they told me that it wasn't good anymore because the Gov change the money. Not sure if it was a line or not so I tried the next day somewhere else and they said the same thing. So maybe it's worth nothing.

 

[Mackaydon]

In Mexico this symbol: $ means peso, not dollar. Additionally, since 1988 Mexico has devalued its currency. What that means is that that 100 peso coin from 1988 now has a Mexican face value of 0.1 pesos, or 10 centavos. At the current exchange rate that makes it worth about 1 US cent.
Don.....
PS: Monty, if we can see a pic of the coin, it may have significantly higher collector value.
​

 

[diggummup]

if it's this coin-
Then it's worth about a buck in unc. cond. as a collector piece.


If it's any other 100 peso coin then it contains silver and is worth more.

 

[Kevo_DFX]

Mackaydon -

It is my understanding that as 0f 1993, the MXN peso has significantly more value. Is that correct? So if the coin is post 1993, it's exchange rate is what I posted above. If 1992 or before, it is MUCH less (by a denominator of >1000.) AM I right on this?

Kevo

edit - If Monty is correct and his coin is from the 70's or 80's the MONETARY value is MUCH less than I stated, less than a cent. However, depending on the year, as stated above, it could contain silver.

 

[ivan salis]

the mexican govt "revalued" the peso because its value had dropped so much -- 1000 old value peso's equaled 1 NEW peso ( $ means peso not dollars) --its a mexican hold over from the spanish -- we used it as our "doillar sign" since our dollars value was "linked" with the spanish silver 8 reale at first.

 

[Mackaydon]

Kevo,
If my memory still serves me (though less frequently it still does), in about 1992 Mexico reformed their currency: 1000 'old pesos' would now be worth 1(one) peso. People had three years in which 'use up' their old money; thereafter, they could go to the bank and redeeem 'old' money for the 'reformed' money. Therefore, a pre-1992 coin's stated value was reevaluated to 1/1000th of its minted vaule; a 100 peso would then be worth 0.1 pesos, or ten centavos today.
Did I clarify or further confuse?
Don...

 

[Kevo_DFX]

Your info matches mine, we're good.

Monty - if your coin is 1992 or older, it is essentially worhtless, UNLESS it has silver or collector's value. If post January 1st 1993, it is worth $7.57.

 

[diggummup]

Your info matches mine, we're good.

Monty - if your coin is 1992 or older, it is essentially worhtless, UNLESS it has silver or collector's value. If post January 1st 1993, it is worth $7.57.

Monty... yeah what kevo said or what I said or what mackydon said first, and lets not forget ivan either!

 

[jerseyben]

I think it's funny that you asked "how much real money is it"? As if the only money in the world that is real, is US currency...