The value of a 1989 1000 peso coin will vary depending on how much one wants it. You can estimate the value at a bit less than $5.00 in American currency.
1000 peso is worth $80.60 USD
.07 in 1993 the "peso" was re-valued it was decreased by 1/1000 making that coin worth only $.07 U.S. dollars.
1 peso equals about 0.065193 US dollars. So a 1000 peso coin would be worth about 65 dollars.
How much is a 1000 pesos date 1985 worth
Due to inflation the Mexican peso became almost worthless. Small purchases were costing hundreds of peso. Instead of making 1000 peso coins and printing million peso bills, the new peso was introduced with a value of 1000 old peso.
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Ok so th truth is a 1992 peso is worth about a 10th of a us dollar
As of today (01APR2011), 1000 Mexican Pesos is worth about 13,027.50 Nigerian Naira.
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.
To control inflation, during 1992-93 Mexico replaced its peso with a "nuevo peso" (new peso) at the rate of 1000-1. Thus your old bill is only worth 2 new pesos or about 20 cents.
1000 rp : 4.4509 PHP (phillipines peso) 1000 rp : 1.3087 MXN (Mexican peso)
Mexico revalued its currency in 1992-93 due to hyperinflation. "Nuevo pesos" (new pesos) were introduced at the rate of 1 nuevo peso = 1000 old pesos. That means a coin dated before 1992 is worth only 1/1000 as many current pesos; i.e. an old 1000-peso coin is only 1 new peso. At current (2009) exchange rates 1 new peso is worth less than a U.S. dime.