![]() Key points about dealing with old bank notes $1 and $5 peso notes dating back to pre-1975 are worth fractions of a Mexican cent and are now no more than museum pieces and collectors’ items.a $100,000 peso note dating back to 1991 is exchangeable today for a current-day $100 peso note.a $1,000 peso note dating back to the late 1970s/early 1980s is worth one Mexican peso today.Here are some examples of present-day value of old Mexican banknotes, calculated using Bank of Mexico information (see links above): Notes: The present-day value is given on this page of the bank’s web site.Ĭoins: For the present-day value of old Mexican coins, see this page. Present-day values of old Mexican bank notes The Bank of Mexico honors all genuine notes it issues, regardless of their date of emission, at present-day values. In October 1994 a brand-new series of bank notes was released in which the word “ Nuevos” was dropped as Mexico’s currency stabilized and people got used to the new currency. A new series of bank notes appeared, looking exactly like the old ones, with two exceptions: the new ones had three zeros missing from the numerals and the words Nuevos Pesos were added for clarity. On JanuMexico re-based its currency by removing three zeros from all denominations and launched the New Peso. $50,000 peso notes were commonplace and in the early 90s, the Bank of Mexico issued a $100,000 peso bank note at the time, these were worth about US$16.50 and US$33 respectively. In the 1980s Mexico’s currency was denominated not in ones and tens, but in hundreds and thousands. ![]() Both events had different causes although each imposed the same penalty on Mexico’s peso: devaluation. Mexico encountered two significant economic crises in recent decades: one in the mid-1970s that spilled over into the early 1980s, and another in the mid-1990s. This article explains what these old Mexican bank notes are worth, and how you can exchange them, or sell them to collectors. ![]() Glancing at the values -$1,000 pesos, $50,000 pesos, $100,000 pesos- you may also wonder, what are they worth today? Sedwick, LLC - PO BOX 1964 | Winter Park, FL 32790 | Phone through old papers, notes, and travel memories you might stumble upon some bank notes with the words “ Banco de Mexico” printed on them. Bold full oMD, full but partially flat shield and cross, AVF with light brown sediment on fields. Mexico City, Mexico, cob 2 reales, Philip III, assayer D (ca. weight 24.58 grams.Ĥ reales, Charles II, assayer not visible, shield side struck from 8R die NGCĬob 8 reales, Philip V, assayer not visible (J). Nicely centered and round, with full legends and interiorĭetails, dark background providing good contrast and clarity. (M-G), king's name as CHAROLVS, NGC XF 40. Real, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left ( Note: also listed under shipwreck coins) Well centered, no doubling, just a small (natural) edge-crack keeping itįrom perfection (within the stated grade, actually should be AU in our Broad flan with 100% full details, deep rich toning, Right, mintmark M to left, both with dotted circles above and below, NGC XFĤ5. Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer P to More-famous machine-made "pillar dollars." Machine-struck but hand-cut "klippe" type) by the even In 1732-1734 the shield-type cob was finally phased outĪnd eventually replaced (after an experimental, Nearly every major commerce area in its time (1600s and This Mexican shield-type design was knownĪround the world as a reliable coin, a true universalĬurrency, the "piece of eight" that was referred to in That are technically not known as cobs, and then itĬhanged to the more familiar shield-type design in the Round and very well-executed issues under Charles-Joanna Mint at Mexico City was the first to strike coins for
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |