Posted 05/18/2015 9:47 pm
I love that old N$10 bill with Zapata. They don't circulate anymore and I've seen people frame them because they represent a lot of spirit. I'm looking for some in UNC and higher grades.
Hold onto those paper $100 and $200 bills since they are seldom seen in circulation and they are extremely wrinkled when they surface.
The higher the bill denomination and grade the better since they are rarely held onto for several reasons. One, they are too valuable to keep and the population is generally poor or just barely middle class. Two, inflation sometimes rears its ugly head - one must continuously keep money "moving" in Mexico. And three, new issues appear all the time due to anti-counterfeiting measures and commemoratives.
The $500 was pretty recently changed from the old standby of Ignacio Zaragoza to the artists Frida and Diego, so always keep an issue you don't have and rid yourself of the attitude of "oh, I'll find one next year" because you may not. Just look at how many times the current design of the $20 and $50 have changed even though the motifs are the same.
Interesting note about the promissory statement being removed - that I hadn't noticed before. The BoM slowly tricked the public into thinking that banknotes ARE money, and not the labor produced to bring those representations of energy to life. The original N$10, N$20, and N$50 coins had sterling silver cores! How about that!
I think that the higher denominations are paper because they don't circulate as much as the $20 and $50 bills. The largest bill that the average person will hold in numbers is usually $200 bills, just like the American and Canadian $20 bills. Higher denominations ($500) are usually found together in bundles for big purchases and don't get handled much, and the $1000 bill is pretty rarely seen altogether. Don't worry about counterfeiting unless you are in place with bad lighting - they do get scrutinized hard regardless of denomination.
Hold onto those paper $100 and $200 bills since they are seldom seen in circulation and they are extremely wrinkled when they surface.
The higher the bill denomination and grade the better since they are rarely held onto for several reasons. One, they are too valuable to keep and the population is generally poor or just barely middle class. Two, inflation sometimes rears its ugly head - one must continuously keep money "moving" in Mexico. And three, new issues appear all the time due to anti-counterfeiting measures and commemoratives.
The $500 was pretty recently changed from the old standby of Ignacio Zaragoza to the artists Frida and Diego, so always keep an issue you don't have and rid yourself of the attitude of "oh, I'll find one next year" because you may not. Just look at how many times the current design of the $20 and $50 have changed even though the motifs are the same.
Interesting note about the promissory statement being removed - that I hadn't noticed before. The BoM slowly tricked the public into thinking that banknotes ARE money, and not the labor produced to bring those representations of energy to life. The original N$10, N$20, and N$50 coins had sterling silver cores! How about that!
I think that the higher denominations are paper because they don't circulate as much as the $20 and $50 bills. The largest bill that the average person will hold in numbers is usually $200 bills, just like the American and Canadian $20 bills. Higher denominations ($500) are usually found together in bundles for big purchases and don't get handled much, and the $1000 bill is pretty rarely seen altogether. Don't worry about counterfeiting unless you are in place with bad lighting - they do get scrutinized hard regardless of denomination.
