A Mexican Coin

Discussion in 'World Coins' started by Jonathon, Jul 20, 2008.

  1. Jonathon

    Jonathon New Member

    This is a coin I got from the flea market for 20 cents today. I know its a 1988 Mexican coin minted in Mexico City. I'm pretty sure the domination is 500 Pesos but I'm finding it that hard to believe because if it is, then just the exchange rate alone on it would be 49 Dollars. Anyone got any more info on it?

    [​IMG]
     
    Jonathon, Jul 20, 2008
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  3. Jonathon

    Jonathon New Member

    Nevermind I did a little research on my own and found out that its an "old peso" which is worth 1/1000th of what the new ones are worth so mine is worth a whole nickel.
    Lol how disappointing.
     
    Jonathon, Jul 20, 2008
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  4. rzage

    rzage What Goes Around Comes Around .

    Talk about inflation ! wow
    rzage
     
    rzage, Jul 20, 2008
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  5. Victor

    Victor Coin Collector

    True. I went through the same discovery a few months ago with the same kind of coin.
     
    Victor, Jul 20, 2008
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  6. De Orc

    De Orc Well-Known Member

    Very nice looking coin though :thumb:
     
    De Orc, Jul 21, 2008
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  7. kidromeo

    kidromeo I M LEGEND

    Nice coin Jonathon......wouldn't mind paying 20c for this beauty....I'll say good deal.....
     
    kidromeo, Jul 21, 2008
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  8. fiftypee

    fiftypee Member

    Speaking of inflation, I once lived with a bunch of other medical students and professionals and some were internationals from Mexico. This was around 1989.

    They gave me a 1000 peso 1988 coin from Mexico. At that time I asked them what could 1000 peso buy them back home. They told me they could get a hot dog with it.

    Wild isn't it. :smile
     
    fiftypee, Jul 21, 2008
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