Is my coin fake?

I recently bought a Mexican 1968 25 pesos from a dealer at a flea market. The coin has a reeded edge and the strike is a little bit weak, and is also magnetic. On my Krause books it only lists the coin without a reeded edge. Is the coin a Chinese fake?

 

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We need more info than that. Weight, pictures.. Maybe your looking at wrong info in the book?
I have seen Chinese fakes in flea markets but I can't give a definite answer without better info.

 

Magnetic, though...doesn't seem like a good sign.

 

The edge should be smooth with incused lettering stating -
INDEPENDENCIA Y LIBERTAD

 

They are very commonly sold fakes at flea markets. I have seen the exact coin you are describing OP at flea markets here along with the usual fake crap like Trade dollars, "1805" silver dollars, etc.

 

If a magnet sticks to it, absolutely a fake.

 

Those and other crowns like it are very common out there. Use a magnet next time. Also, take a good look at it so you know what crude fakes look like. I can spot them easily now--they tend to have mushy details, weak strikes, and wrong alignment when flipped. Edge discrepancies are harder to discern unless you have a good memory. There are also non-magnetic fakes but that's another story.

 

Got that right! Might as well use it as a Fridge magnet. lol At least it will be used. j/k

 

That's what I use!