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Dan52
Penny Collector Member
USA
422 Posts |
 Posted - 12/16/2008 : 20:41:39
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I have a coin that is sort of a gold, brass color. It says $10 on the top and Diez Pesos on the bottom. On the other side it says Estados Unidos Mexicanos. Is is worth the $10 that is says at the top? Where can I exchange it for US currency?
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 12/17/2008 : 00:59:01
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| I think it's just that they use the "$" sign for pesos too. Ten pesos would be about .75 US by my figuring. |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 12/17/2008 : 13:25:15
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The "$" is the official symbol of the Mexican peso. It does not indicate, now or ever, any relation to the US dollar.
If the coin is dated 1992-present, it is worth 1/10th to 1/15th its face value, in US dollars depending on the current exchange rate (You must be logged in to see this link.). However, most US banks will not convert foreign coins into US dollars, as the fees they themselves are changed for the process are prohibitive. Unless you have a lot of Mexican coins, don't expect anyone to exchange this coin's value for you. If you really need the cash, try selling the coin on eBay. And of course it's always valid currency in Mexico, and presumably in border towns.
If the coin is dated before 1992, it has been demonetized by the Mexican Central Bank and has no legal tender value anywhere (but may have metal value). It may have collectible value, and again I suggest eBay. |
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EZ_Money
Penny Pincher Member
USA
125 Posts |
Posted - 12/17/2008 : 16:42:23
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| check the date if it was made before 1997 it has 1/6 oz silver in it. I posted this link in another post but here it is again. You must be logged in to see this link. |
Running total:
Halves searched:$14,445.50
90% found: 122
40% found: 481
Dimes Searched $2100
Found: 5 |
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Dan52
Penny Collector Member
USA
422 Posts |
Posted - 12/17/2008 : 17:53:38
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| Thanks for all the interesting data. The coin is a 1998. It is now relegated to a pile of 5-pence, franks, pfennigs, and other misc. coins. |
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Mexican coin question
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