The Ghost
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Hi, unfortunately if they are from pre-1994, those coins may be worth something, but as a collector's item or for sentimental value. You may get a couple of bucks for them on ebay, or maybe they're worth more if you just hold on to them as keepsakes, who really needs five bucks? the story you can tell is probably better. In 1994 Mexican currency underwent a HUGE change. Everything that had a value of 1,000 pesos, went down to 1 peso, meaning that the zeros were lopped off simply for convenience. Back, pre 1994, you could have been a Billionaire in Mexico if you had 1,000,000 of today's pesos! So your coins that are worth old 1700 pesos, if they were taken by any currency exchanger, which I think they wouldn't, maybe some banks, would consider it as 1,700 pesos minus three zeros, 1.7 pesos, or about 14 cents of a US dollar.
Sorry to let you down with this info, like I said, it's far better to repeat the info I'm telling you here, get a story from it, and tell others about the coins.
Hope this helps, if you think it does, I'd appreciate the ten points, thanks! |
Hearty
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There was an economic crisis in Mexico in 1994 due to a free-spending government, which caused a large devaluation of the peso before that time.
The New Peso (Neuvo Peso) was born and replaced previous currency which then became worthless.
I doubt that even the Banks in Mexico will accept them now. As previous writer suggested they have become nice (but damn heavy keepsakes!!). I have some myself along with 10,000 peso notes. Back in 1990 a million pesos got us 10 days in a one bedroom motel room with kitchen (charged out at $50 US per night).
I have been travelling to Mexico since 1981. |
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