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What's it Worth This is a special section for people to get opinions on what your coin is worth. It's most helpful to post a photo, but also please include a very detailed description.

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Old 12-17-2004, 05:43 PM   #1 (permalink)
bvz
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Found a $100 Mexican Coin

Has a picture of a V. Carranza (bearded fellow) on the front, a gryphon of some sort on the back. Dated 1988. Is this real, and worth anything? Thanks.


Bill

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Old 12-17-2004, 07:12 PM   #2 (permalink)
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It's real, but, no... not really worth anything, it's just something that you can collect if you like it.... If it's uncirculated, it might be worth a couple of dollars in usd....
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Old 12-17-2004, 07:19 PM   #3 (permalink)
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Let me be among the first to welcome you to the forum Bill.

Quote:
Originally Posted by bvz
Has a picture of a V. Carranza (bearded fellow) on the front, a gryphon of some sort on the back. Dated 1988. Is this real, and worth anything?
Krause does list a 100 peso aluminum-bronze coin - KM#493 - with Mr. Carranza's facial hair prominently displayed on the reverse. The 1988 mintage is given as 433.1-million. The obverse displays the country name, and the commonly used Mexican national arms, a dragon holding a serpent, which is probably what you identified as a "gryphon".

The catalog value is 30¢ VF, 50¢ XF, $2 Unc. and $2.75 BU in the current Krause.

Since they revoked my mind-reading license a few years ago, I don't express opinions on whether something I haven't seen is real or not, but my guess is that it is, since coins of that value are rarely counterfeited.
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Old 12-17-2004, 07:25 PM   #4 (permalink)
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Quote:
Originally Posted by bvz
Has a picture of a V. Carranza (bearded fellow) on the front, a gryphon of some sort on the back. Dated 1988. Is this real, and worth anything? Thanks.


Bill
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, if you can find anyone to exchange it. The good news is that following the devaluing of its currency Mexico put a limit on how much longer the old pesos would be legal currency and that has expired meaning that the coin is no longer legal and is no longer circulating. This means that it is much less common than it was 15 years ago. Still, Pennycase is right that it has no real value unless it is really beautifully uncirculated.


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Old 12-20-2004, 10:14 AM   #5 (permalink)
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Down here where I live ,I can buy hand fulls of devalued mexican coins for a 1.00 ,with many of them being early 1900's .

I keep my eyes open for the early silver coins but the rest are really of no value.
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