Just Call Me..."Big Peso."

[Subterranean]

I found this coin on a very chilly afternoon in a local park. Barely under the bark in the tot lot. It is a 1988 $1,000 Peso coin from Mexico. I have never found a coin with such a large denomination before. They were minted only between 1988-1992. According to this morning's conversion rate, 1,000 pesos are worth $49.43 US dollars on face value? Should I keep this goodie in my pouch as a "lucky charm?" It feels good to be out detecting again after a hiatus due to neck surgery in October. Happy Hunting to all and thanks for looking. Sub

 

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[GB1]

keep it for good luck nice find

 

[BLK HOLE]

Man that is some kind of coin! Can it be exchanged?

 

[Subterranean]

Man that is some kind of coin! Can it be exchanged?

BH, Apparently, the large denomination bills and coins had to be exchanged during a government recall shortly after 1992. If they weren't exchanged, they would not be worth anything. So I have a souvenir at this point, but still fun to own! Maybe it is not such a "lucky charm" after all! LOL! Sub

 

[Hawks88]

Nice find. Congrats

 

[Digger RJ]

Nice!!!! Congrats!!!!

 

[Mackaydon]

In ~1993 the Mexican government dropped three zeroes off their currency; your 1000 peso coin became a 1 peso coin.
229+ million of this coin were minted. If it hasn't been demonitized, it would be worth about 5 cents.
The composition of your coin is Aluminum-Bronze.
Keep looking in the area of your find; the 1986-2000 peso coin is worth in the thousands of dollars in MS-63
Don...

 

[Subterranean]

In ~1993 the Mexican government dropped three zeroes off their currency; your 1000 peso coin became a 1 peso coin.
229+ million of this coin were minted. If it hasn't been demonitized, it would be worth about 5 cents.
The composition of your coin is Aluminum-Bronze.
Keep looking in the area of your find; the 1986-2000 peso coin is worth in the thousands of dollars in MS-63
Don...

Thanks Don! I will check my "foreign coin" bucket for those pesos. Sub

 

[Professor of Engineering]

Awesome find...keep the coin!

 

[A2coins]

Good job Big Peso yep Ill call ya that hold on to it Glad your back at it also..Tommy

 

[Subterranean]

Good job Big Peso yep Ill call ya that hold on to it Glad your back at it also..Tommy

Thanks Tommy! The neck is out of shape (we look down for hours while detecting) but I will get it back into shape! Lance

 

[Trezurehunter]

Nice find Sub. If you do decide to carry it, and end up losing it, at least you know someone with a metal detector who could find it for you !

 

[Yak1366]

Cool find, Congrats!!!

 

[Whyme]

Very cool find! Congrats! To bad you can't cash it in. Welcome bag to digging!

 

[RVRoamer74]

Very cool coin. Just could be a lucky charm. Try it out, if luck goes south, sell it.

 

[adit]

Nice looking coin .
Good hunt .

 

[against the wind]

Hey Big Peso,,
A few more Dinero and the senoritas will call you Big Poppy.