Whoa! 50 dollar coin find in an American Half Dollar Bag!??

Discussion in 'World & Ancient Coins' started by n_sandler4, Oct 28, 2006.

  1. n_sandler4

    n_sandler4 Paul

    I just found a Mexican 500 peso Coin in a bag of half dollars...The date is 1987 and it says $500, which I guess means Pesos. On the reverse, the coin says Estados Unidos Mexicanos. An online currency calculator says this is worth almost 47 bucks! Is this correct?? Thanks alot!!

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    P.S. Sorry about the picture quality....
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  3. Mikjo0

    Mikjo0 Numismatist

    The Krause catalog lists it at $2.00 in AU and $2.50 in uncirculated KM#529.It is made of Copper-Nickel and features a portrait of Francisco Madero,president from 1911-1913.
    It was minted during a time of extreme economic hardship and the new Mexican peso (N$) is equal to about 1,000 of the ones from 1987 (MXP),so it was worth about 1/2 peso in today's money.
  4. n_sandler4

    n_sandler4 Paul

    oh. lol...I think maybe there in a "new" peso that Mexico uses. Perhaps those are the ones that are worth about 1/10th of an American Dollar. Oh well, it's still fun to find...thanks for the info =)
  5. Mikjo0

    Mikjo0 Numismatist

    LOL..I added the info above after doing a bit of Google/Wikipedia research..good luck!
  6. Conder101

    Conder101 Numismatist

    Mexico did a currency revaluation in 1992 making 1000 old pesos equal to 1 new peso. For the next three years the coins carried a NP for the denomination and then they dropped the N. So your 500 old peso coin equals 1/2 of a new peso, and I believe the current exchange rate is somewhere around 12 (new) pesos to the dollar. So your coin is worth about 1/24th of a dollar or about 4 cents.

    On the bright side it is worth considerably more than that in the value of the metal. :)
  7. BuffaloNickel86

    BuffaloNickel86 Spare Change Hunter

    That's a pretty cool find, even if it's not worth much.

    Oddly enough, I've actually got the same coin, from the same year!

    Attached Files:

  8. n_sandler4

    n_sandler4 Paul

    Lol...I better tell them I want my half that i got shorted then =p
  9. karrlot

    karrlot Senior Member

    Where did you get a bag of halves? How much is in a bag?

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