Mexico coin help.

[henrysmedford]

We are getting a few one off Mexico coins out of Franklin coin counter cleanings. Any thoughts if any of them are rare.



Left to right
1st row 1988 ,1979,1971,1939,1969,1959
2nd row 1976,1962,2000,2007,1971
3rd row 1988,1989,1982,1988
4th row 1946,1988,1981,1981

[aloneibreak]

the big one is 10% silver...

i think the 2 bi metallic ones are still current issue

[AGgressive Metal]

unfortunately those "10% silver" coins are only silver on the outside so it wears off first and so the coin is not really refinable.

The 20 Nuevo Peso you have though is 92.5% silver in the center (about 1/4 ounce!). It is one of the only circulating silver coins in the world. Everything before 1992 is the old Peso which collapsed in the Mexican Peso Crisis.

[uthminsta]

The 1939 centavo is nice. Not rare, but certainly collectible. Those buggers are some of what got me started collecting Mexican stuff!

[Mooski]

I'm a sucker for the old 20 Centavo coins. The old one peso coins are a hit with the 4th grade class that I help out.

The 1000 Peso coin is worth one new peso, but the metal value exceeds the face value.

[JadeDragon]

"Nuevo peso
As noted above, the nuevo peso (new peso) was the result of hyperinflation in Mexico. In 1993, Presidente Carlos Salinas de Gortari stripped three zeros from the peso, creating a parity of $1 New Peso for $1000 of the old ones.

The transition was done both by having the people trade in their old notes, and by removing the old notes from circulation at the banks, over a period of three years from January 1, 1993 to January 1, 1996. At that time, the word "nuevo" was removed from all new currency being printed and the "nuevo" notes were retired from circulation, thus returning the currency and the notes to be denominated just "peso" again.

Confusion was avoided by making the "nuevo peso" currency almost identical to the old "peso". Both of them circulated at the same time, while all currency that only said "peso" was removed from circulation. The Banco de México (Bank of Mexico) then issued new currency with new graphics, also under the "nuevo peso". These were followed in due course by the current, almost identical, "peso" currency without the word "nuevo".

In 1993, coins of the new currency (dated 1992) were issued in denominations of 5, 10, 20 and 50 centavos, 1, 2, 5, 10, 20 and 50 nuevos pesos. The 5 and 10 centavos were minted in stainless steel and the 20 and 50 centavos in aluminium bronze. The nuevo peso denominations were bimetallic, with the 1, 2 and 5 nuevos pesos having aluminium bronze centres and stainless steel rings, and the 10, 20 and 50 nuevos pesos having .925 silver centers and aluminium bronze rings. In 1996, the word nuevo(s) was removed from the coins. New 10 pesos were introduced with base metal replacing the silver centre. The 20, 50, and 100-peso coins are the only currently circulating coinage in the world to contain any silver."

[DuckTales253]

The 20, 50, and 100-peso coins are the only currently circulating coinage in the world to contain any silver.

I did not know that! With the recent trend toward using metals of lower value in coins, I find it interesting that only one country issues coinage with some inherent value.

[Dalsuh]

unfortunately those "10% silver" coins are only silver on the outside so it wears off first and so the coin is not really refinable.

The 20 Nuevo Peso you have though is 92.5% silver in the center (about 1/4 ounce!). It is one of the only circulating silver coins in the world. Everything before 1992 is the old Peso which collapsed in the Mexican Peso Crisis.

If your referring to the Xiuhtecuhtli coin I'm pretty sure it's not silver. The bimetallic coins are popular though, I collect them also.

Here is a pic of diez pesos and diez nuevos pesos (silver)