5 Pesos Mexico 1987 - Why So Costly?

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Author	Replies: 7 / Views: 4,230
Libertad Pillar of the Community Canada 3692 Posts	Posted 09/16/2011 11:50 pm Looking at my Krause, I'm seeing that it has the highest mintage of the 3 years it was made. It wasn't the year, either, it was the middle year. Can anyone with a knowledge of Mexican coins bring me up to speed? It wasn't until 1992 that Nuevo Pesos came out, so prior knowledge wouldn't've been possible. Were they just not released? (What does that say about the $1 US president coin program?) Report this Post to the Staff

fcrazo Pillar of the Community United States 651 Posts	Posted 09/17/2011 08:53 am Good question! I think I heard the answer somewhere here or outside discussion. Now I got something to do this Saturday. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 10/03/2011 8:08 pm Anything yet? Report this Post to the Staff
fcrazo Pillar of the Community United States 651 Posts	Posted 10/04/2011 12:19 am Sorry been busy and I forgot to ask that question at our Mexican Coin Club meeting. Meeting waas great though. Report this Post to the Staff
weavus135 Pillar of the Community United States 539 Posts	Posted 10/04/2011 4:57 pm I actually asked this question of Krause and they sent me to their expert a gentlemen by the name of Don Bailey. he has a web site http://www.donbailey-mexico.com. Essentially his answer was it has been that way for a long time and it was his assummption that many were destroyed and made them more rare. But his exact qyuote was: "The 1987 $5 have always been scarcer then any of the other years. Causes for this could be several factors, and these are just guess as to what cis the cause. One could be that when they were struck there was enough in the system and they didn't need them to supply the banking system. They may have set in the mint and not get into the system. What happened to them is unknown, melted? setting on the floor in one of the many mint or Banco vaults In the late 80s the Mexican roll collecting craze was over so few were saved by collectors.." Report this Post to the Staff
Chucky117 New Member Mexico 17 Posts	Posted 10/12/2011 12:54 am I live in Mexico and I have several 5 Pesos 1987... circulated of course! but they're not that scarce like Krause's expert says, I think is a big mistake to over value that year on that kind of coin. Report this Post to the Staff
fcrazo Pillar of the Community United States 651 Posts	Posted 10/12/2011 10:13 pm I like what you said Amigo Chucky Report this Post to the Staff
Westwood Arms Pillar of the Community United States 684 Posts	Posted 10/14/2011 2:51 pm The 1987 5P is not scarce in grades less than BU. KM has a habit of what I call legacy pricing, that is, they don't revise/revisit their numbers. For modern Mexican coins, I am using Carlos Amaya's book, Illustrated Price Guide of the Modern Mexican Coins 1905 to Date, more and more. The modern Mexican coin sleeper is the 1977 50 centavos. I pick up BUs whenever I can. Report this Post to the Staff
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