Asking here because I know some of you folks travel down there more regularly


I don't keep up with exchange rates, and it seemed like in the 1980s the peso got devalued every time Coca Cola changed their formula. Anyone know what pesos from this era are worth? Wife found some old pesos stashed away in a keepsake that her dad had given her back then.

2000 pesos is worth close to $100.
I doubt there is a market for "old" pesos? But I could be wrong.

Mexico created the new peso in the 1990s and dropped three zeros, so that's actually equivalent to 2 pesos now.
I traveled a lot in Mexico in the late 1980s, and a 2000 peso bill was worth about a dollar on one trip, then closer to 50 cents on the next trip. It was great to use a credit card for a $20 hotel room, and by the time the statement arrived it was only $10.

BSME83 said:

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Mexico created the new peso in the 1990s and dropped three zeros, so that's actually equivalent to 2 pesos now.
I traveled a lot in Mexico in the late 1980s, and a 2000 peso bill was worth about a dollar on one trip, then closer to 50 cents on the next trip. It was great to use a credit card for a $20 hotel room, and by the time the statement arrived it was only $10.

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I stand corrected! So it's value is $1.

BSME83 said:

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Mexico created the new peso in the 1990s and dropped three zeros, so that's actually equivalent to 2 pesos now.
I traveled a lot in Mexico in the late 1980s, and a 2000 peso bill was worth about a dollar on one trip, then closer to 50 cents on the next trip. It was great to use a credit card for a $20 hotel room, and by the time the statement arrived it was only $10.

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I kind of thought that might be the case. Wife thought she had just found about $800 worth of pesos. I think it is more like $0.80

But some of the older Mexico coins were silver and gold. Not sure what year they stopped producing the silver coins but probably mid 1960s like the U.S.
I'll edit to Add that the Mexican Libertad silver coins produced and sold today are really a cool design. 1,2, and 5 ounce coins.

We were down in Costa Rica a few weeks ago and I told the cashier to keep the change at a little convenience store.. we figured out I tipped her like $.10 …. Big tipper !

Here are some pretty pesos from the past

Those Centenarios make fine jewelry.

maddiedou said:

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Here are some pretty pesos from the past

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Now that's the Mexican currency we all need. Looks like $5,700 in gold value combined! Their paper peso has gone to hell but their old gold and silver certainly has not.
we will probably say the same about the U.S. dollar one day.

Just keep it in a safe. You never know. We could take over Mexico or it could be like bitcoin or something. What if you end up like the guy that lost his bitcoin hard drive that was worth .50 but now it's worth 930 Million?

In the late 1980s before Southwestern Bell bought Mexico's telephone company, the pay phones used one peso coins, even as the peso went to 3000 to the dollar. If you wanted to place a call you went to a nearby store and they kept rolls of pesos to give away for the phones. That was the only use for the coin, nobody actually gave change in that small of an increment.

The coin was exactly the same size as a quarter but made of stainless steel, so for $1 you could buy about 40 pounds of stainless steel. I tried to do that, asking a bank teller for 3000 peso coins. They called the manager over who explained that they don't keep that many, but I could get 500, for the equivalent of about 20 cents.

I brought those back home and found that some vending machines treated them as quarters, and ended up spending most of them.

Legit old Cinco Pesos are valuable for Ranger Badges.