Oh great ARFCOM Oracle... what is the value of a 1987 5,000 Mexican Peso Banknote?

[ARCHIVED THREAD] - Oh great ARFCOM Oracle... what is the value of a 1987 5,000 Mexican Peso Banknote?

Posted: 9/12/2004 9:02:46 AM EDT

I have 12 5,000 peso banknotes from previous trips to Mexico. They are all minted in 1987. My last trip to the Yucatan was in 1990.

I know that the Mexican currency was re-issued in 1994 to stem the economic crisis. But have heard conflicting statements regarding the value of pre-94 Mexican currency.

We're heading to the Yucatan at the end of October, and I want to know if my stash is worth $5000 USD or $.50 USD.

Anyone? Bueller?

Posted: 9/12/2004 9:03:59 AM EDT

[#1]

tagged

Posted: 9/12/2004 9:04:25 AM EDT

[#2]

I am guessing the same as a Confederate dollar in the 1870's....

SGatr15

Posted: 9/12/2004 9:05:40 AM EDT

[#3]

... How to remove a camel-toe

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Posted: 9/12/2004 9:08:25 AM EDT

[#4]

I dunno if they are worthless or not. None of the currency exchange calculators delineate any re-issue date, and I can't find anything on google regarding the current value of the 1987 mint.

With exchange rates being around a peso = $.11, it would be nice to roll down there with $5000 USD for nothing more than having failed to cash the bills back in before I left.

Posted: 9/12/2004 9:14:56 AM EDT

[#5]

Quoted:
I have 12 5,000 peso banknotes from previous trips to Mexico. They are all minted in 1987. My last trip to the Yucatan was in 1990.

I know that the Mexican currency was re-issued in 1994 to stem the economic crisis. But have heard conflicting statements regarding the value of pre-94 Mexican currency.

We're heading to the Yucatan at the end of October, and I want to know if my stash is worth $5000 USD or $.50 USD.

Anyone? Bueller?

The peso was devalued 1000:1 in 1990. New pesos minted were called "New Pesos (MXN)", and so marked. So the note is worth 5 (new) pesos right now, if they still accept it. Pesos are running around 11:1 against the dollar right now, so that note is worth about $US 40 cents.