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 Replies: 10 / Views: 4,661 |
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New Member
Canada
15 Posts |
Hi all,
I just planned my first trip to Mexico for December. I'm very excited about the warmth, the beaches, the food, the culture - but also because Mexico (according to Wikipedia) is the last country that produces silver coins for circulation!
My understanding is that the 20, 50, and 100 pesos coins had or have a silver centre, but I've seen conflicting info on whether the 20 pesos are still produced with a silver centre. Can anyone confirm or deny that for me?
In addition, how likely am I to come across a silver coin in general circulation in Mexico? Any tips?
Thanks! :)
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Pillar of the Community
Russian Federation
5178 Posts |
From what I can figure out on Numista, 20 peso coins weren't made with a silver center since 1995, but all the ones that are cupronickel commemorate something, and if it just says "N$ 20" in big letters it definitely has the silver center.
On your second question: never been there, but from what I've heard on this forum, not particularly likely (though more likely than in the US and Canada).
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Valued Member
United States
426 Posts |
There hard to come by nowadays in circulation but your best bet is the $10 peso coin with the .925 silver center.
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Bedrock of the Community
Australia
21788 Posts |
The chances of finding an N$10 with a silver center in circulation, would be about as great as finding a '64 Kennedy half in circulation. |
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New Member
 Canada
15 Posts |
Too bad but realistically nothing less than I expected! Thanks for your clarifications. :)
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New Member
Canada
15 Posts |
Follow-up question: are silver 50 or 100 pesos still minted for circulation? If so, are they available at the bank?
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Pillar of the Community
United States
589 Posts |
As far as I know, no nation (Mexico included) still issues anything with silver or gold for circulation.
Mexico might, however, restart circulation silver soon, or it might just be a silver-backed silver standard...do a few Google's on it.
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Pillar of the Community
Russian Federation
5178 Posts |
Quote:
Follow-up question: are silver 50 or 100 pesos still minted for circulation? If so, are they available at the bank? I happened to research the first part of your question a few days ago (on Numista mainly); the answer appears to be "not since 1995" for the 50 pesos and "kind of yes until recently, probably not by now" for the 100 pesos. The 100 peso denomination apparently sees about as much use as Canadian $20 coins, but yeah, much like the $20, if you ever get any they're silver. Of course, as it happens, being "minted for circulation" does not necessarily mean that the coins are in circulation in anything resembling a significant quantity. Over here in Russia, 25 ruble "Sochi" coins were definitely minted for circulation... I've almost never seen them sold outside their capsules other than in album-bound sets, and despite asking for them at almost every place I bought anything from for the last three years, I didn't actually get any in change until this September. Returning to the Mexican coins, I highly suspect that, unlike the Canadian $20 ones, they're not available at the bank for face value (but could be for metal value); but this is the sort of question where we'd better ask a Mexican member. |
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New Member
United States
33 Posts |
You will NEVER encounter a 50 Peso coin in circulation and will NEVER encounter a silver-center 10 or 20 Peso either. None of these have been minted since 1995.
You MAY encounter a 100 Peso silver-center coin at a bank teller, and if asked, they will sell it to you at face value. Last time I did so, the silver value was less than face value, so what's the point? But finding one will be highly unlikely.
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New Member
Canada
15 Posts |
Thank you all kindly for your information and advice! I'll have to try my luck at the bank.
Too bad about the lack of silver, but Mexico still has beautiful coinage nonetheless.
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Bedrock of the Community
Australia
21788 Posts |
Mexico may follow the practice that some European countries used to.
That is, to freely issue silver bullion NCLT and to make them freely available at banks only. In some cases, the value of the silver in the coin was less than the face value, and so a profit could be made by selling them at face value; in other cases the NCLT bullion coins were just sold for bullion value plus a premium.
In these sorts of cases, coins were never issued into general circulation that had silver in them.
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Replies: 10 / Views: 4,661 |
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Posted 10/11/2014 9:40 pm
