The H family writes: We have found a Mexican coin. On it is as follows: On the front it has $100 and the date 1984. On the back of it is Estados Unidos Mexicanos. Can you tell me about this coin and what is worth? Thanks in advance.Â
The Mexican peso uses a similar monetary sign as the US$ so everyone uninitiated thinks they’ve found a bonanza. The Mexico 1984 100 pesos was minted during a particular nasty inflation period. At that time 3,400 pesos =$1US. I think these coins are still spendable in Mexico, at least they were a short while ago. When they printed new money they simply removed two zeros. So your 100 peso would be equal to 1 new peso or about 12 cents in US currency.
