$ 1000 Mexico (1989)

Slime Lowlife wrote:
I wonder what the melt value of these things are; there must be a
fair amount of copper in them. If there's nickel as well (I don't
know what sort of brass or aluminum-bronze concoction they made them
with), the metal value might actually exceed their theoretical
exchange rate.

I'm not 100% sure about this, but I *suspect* that the "exchange" value
is zero - since Mexico pulled all the "old pesos" from circulation.

So, while 1,000 1989 pesos technically convert to one 2006 peso (worth
9.3 cents today), you may not be able to find a bank to accept them.

Thus, the collector value or the metal value is all you've got...

--
Jim Seymour

Yes, I have.
Please tell me an address where to send it.
°darius°

"Bland Allison" ha scritto nel messaggio
...
"°darius°" wrote in
:

Depends completely on the grade. If they're UNC, you might be able to
interest a US dealer. If they're even as much as AU58 they wouldn't be
worth the shipping. Got a picture of one?
BA

Jim Seymour wrote:

I'm not 100% sure about this, but I *suspect* that the "exchange" value
is zero - since Mexico pulled all the "old pesos" from circulation.

Right, they are not in circulation any more, but judging from the link
(below) I'd say they can still be redeemed. Now whether it makes any
economic sense to do that is a different question. ;-)

http://www.banxico.org.mx/sitioingle...actico/notesMa
nufactFeaturesHistory/exchangeableNotes/index.html
(or)
http://tinylink.com/?cDDb1HnrjV

Christian

Christian Feldhaus wrote:
Jim Seymour wrote:

I'm not 100% sure about this, but I *suspect* that the "exchange" value
is zero - since Mexico pulled all the "old pesos" from circulation.

Right, they are not in circulation any more, but judging from the link
(below) I'd say they can still be redeemed. Now whether it makes any
economic sense to do that is a different question. ;-)

http://www.banxico.org.mx/sitioingle...actico/notesMa
nufactFeaturesHistory/exchangeableNotes/index.html
(or)
http://tinylink.com/?cDDb1HnrjV

Christian

I would find a Mexican numismatics dealer and see about trading them in
for some of those bimetallic silver state coins.

"°darius°" proclaimed in
:

Yes, I have.
Please tell me an address where to send it.
°darius°

"Bland Allison" ha scritto nel messaggio
...
"°darius°" wrote in
:

Depends completely on the grade. If they're UNC, you might be able
to interest a US dealer. If they're even as much as AU58 they
wouldn't be worth the shipping. Got a picture of one?
BA




You'll have to host it on a web server or upload to
alt.binaries.pictures.numismatic