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It hasn't; Mexico still mints "Centenarios" (Centennial Gold coins) with some 1.2 Oz of gold, as well as many other gold coins of different denominations.

Nowadays (Feb 2014), a Centenario is sold for about US$1593.

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10y ago
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9y ago

It was established since colonial times (16th century), when the Real de a 8, Spanish dollar or peso duro was the denomination of the currency used by Spain on its American colonies.

After Mexico became independent from Spain in 1821, it kept the tradition of using the peso as its currency.

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Q: What year was Mexico's peso currency made?
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112,322,757, nearest census year 2010


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How much is the gold colored 1000 peso coin year 1989?

I'm assuming (a) your coin is from Mexico and (b) came from circulation, i.e., pocket change. If that's the case, I'm afraid the answer is Not Much. Mexico's currency was severely weakened by inflation during the 1980s to the point where even small items cost thousands of pesos. During 1992-93 the existing peso was phased out and replaced with a new peso at an exchange rate of 1000 to 1, in effect lopping three zeros off of all prices. That means a 1000-peso coin from 1989 is worth 1 new peso, which is at current exchange rates is all of roughly 10 U.S. cents.