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1985 $100 Mexicano

 
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Author Previous TopicReplies: 3 / Views: 33,667Next Topic  
Valued Member
United States
402 Posts
 Posted 12/31/2010  6:57 pm Show Profile   Bookmark this topic Add oldcoach to your friends list Get a Link to this Message
Could one of you kind folks help me out with this coin. I don't know enough about these to know what questions to ask.
Well one question is what is 100 Mexicano equivalent to in U.S.
Thanks



Valued Member
Guatemala
357 Posts
 Posted 12/31/2010  7:07 pm  Show Profile   Bookmark this reply Add JMerrick to your friends list Get a Link to this Reply
Before the revaluation of the peso, that coin was worth 3.333 cents. When revaluation occurred, the exchange rate was roughly 3000 pesos to the dollar, so they just took 3 zeros off. The coinage was demonetized at revaluation
Edited by JMerrick
12/31/2010 7:08 pm
Rest in Peace
United States
1729 Posts
 Posted 12/31/2010  10:27 pm  Show Profile   Bookmark this reply Add pls to your friends list Get a Link to this Reply
So now this coin is worth basically melt. Or something to prop up a table leg with. In Mexico, $ = peso; ยข = centavo. Devaluation was on January 1, 1993.
Valued Member
Guatemala
357 Posts
 Posted 12/31/2010  11:19 pm  Show Profile   Bookmark this reply Add JMerrick to your friends list Get a Link to this Reply
You couldn't give the $100 coin away if you tried. Now, way back when, when I was a starving college student, I would buy the old 1 peso coins by the bag, and sell them to other students at 10 for a buck. They worked great in the laundry machines on campus, and off....

I hated having pockets of those bleeping $100's. They're heavy, and people loved to give you piles of 'em in change.

I just checked. The peso traded at 3119.15 pesos to the dollar on the day before revaluation.
Edited by JMerrick
01/01/2011 12:37 am
  Previous TopicReplies: 3 / Views: 33,667Next Topic  
 
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