What is the value of a 1987 500 mexican coin?

Answer 1

Mexico went through a period of runaway inflation during the 1980s and the peso became nearly worthless. In 1992-93 all coins and currency were replaced with "new pesos" at an exchange rate of 1000 to 1.

Your coin is denominated in old pesos so it would be worth only 5 new pesos. At the current conversion rate to U.S. dollars that's a bit over 50 cents.

***actually, the change to "New Pesos" allowed a short grace period for people to cash in their old pesos. After that grace period, which ended about 15 years ago, the old pesos lost all value and are no longer accepted as currency. If the artwork is nice they may have some value to someone but probably less than 50 cents. Might be great to throw in a wishing well or fountain.

Answer 2

Unfortunately very little. Mexico's currency was subject to severe inflation in the 1980s, so much so that the old coins and bills were replaced in 1992-93 at the rate of 1000 to 1.

Your coin is denominated in those old pesos, so its value is 0.05 (1/20) of a current peso. The last exchange quote I saw was 1 peso = 10¢, so 1/20 of that is half a cent.

Answer 3

Mexico devalued it's currency twice in 1992 and 1996. Notes from 1985 are not legal tender so that cannot be used or exchanged in a bank.

They have a value for banknote collectors, but only in perfect uncirculated condition. The 1985 Mexican 5000 Peso note is worth $3-$6

Answer 4

this copper/nickel coin is considered common -- worth about 5 cents in circulated condition

Answer 5

Because of hyper-inflation, there wasn't a 500 Peso note issued in 1988. The closest to that date would be the 1983/84 issue which is worth $2-$4.