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Mexico re-valued it's currency in 1992, with 1000 Peso becoming 1 Peso. A 500 Peso note from 1983 is therefore only worth 0.5 Peso ($0.04).

A perfect mint condition uncirculated 1983 500 Peso would be worth about $4 to a collector.

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Q: What is the value of a 1983 Mexican 500 Peso note?
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