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Another money value question

Sig220_Ruger77Sig220_Ruger77 Member Posts: 12,754 ✭✭✭
edited January 2017 in General Discussion
I have been told that they have not been made for a while. Any value to it?

IMG_20170101_135106170_zpsladsisxc.jpg

IMG_20170101_135117198_zps5djtcws0.jpg

Jon
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  • drl50drl50 Member Posts: 2,496 ✭
    edited November -1
    http://www.ebay.com/itm/Mexico-Notes-2000-Pesos-Mexican-Banknotes-Lot-Of-15-UNC-Series-1983-89-/222356295418?hash=item33c577cefa:g:bIEAAOSw~bFWKstO
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    Are those no longer any good as legal tender? If so doesn't the exchange rate make it worth about $100?
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  • Sig220_Ruger77Sig220_Ruger77 Member Posts: 12,754 ✭✭✭
    edited November -1
    quote:Originally posted by skicat
    Are those no longer any good as legal tender? If so doesn't the exchange rate make it worth about $100?


    When I stopped at a local travel/currency agency, a few years ago, they told me that it had no exchange rate. Something about there is no exchange rate because it had been out of circulation for so long....?

    I never looked into it anymore than that. I was looking in the safe and came across it again. I also have a few random coins.

    Jon
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  • mogley98mogley98 Member Posts: 18,291 ✭✭✭✭
    edited November -1
    Use it to pay your taxes [:D]
    Why don't we go to school and work on the weekends and take the week off!
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  • Sig220_Ruger77Sig220_Ruger77 Member Posts: 12,754 ✭✭✭
    edited November -1
    quote:Originally posted by mogley98
    Use it to pay your taxes [:D]


    Now that is a good idea![:0][:D]

    Jon
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  • wpageabcwpageabc Member Posts: 8,760 ✭✭
    edited November -1
    Had a similar experience with Canadian paper money. Took it to the TD bank which is Canadian owned. After fees not worth it. Use if for wall paper.
    "What is truth?'
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  • drl50drl50 Member Posts: 2,496 ✭
    edited November -1
    quote:Originally posted by skicat
    Are those no longer any good as legal tender? If so doesn't the exchange rate make it worth about $100?


    Mexico devalued its peso in the early 90's and dropped 3 zeros from its paper currency. The face value of a 1980's 2000 peso bill is now 2 pesos. Face value about 10 cents.
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    quote:Originally posted by drl50
    quote:Originally posted by skicat
    Are those no longer any good as legal tender? If so doesn't the exchange rate make it worth about $100?


    Mexico devalued its peso in the early 90's and dropped 3 zeros from its paper currency. The face value of a 1980's 2000 peso bill is now 2 pesos. Face value about 10 cents.




    Thanks for the explanation.
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  • gruntledgruntled Member Posts: 8,218 ✭✭
    edited November -1
    I have one dated 4 ENE, 1988 for cien mil pesos (100,000)
    I believe they can still be redeemed at some banks but I would suppose there may be a collector value over the roughly $5 amount.
    I got it when both the old & new currency were circulating at the same time so if it is still good it has lost about 2/3rds of it's value.
    I went to France back about 1960 when they were doing the same thing.
    Old & new Francs were both circulating with one new Franc worth 100 old Francs.
    I wish we would do the same thing with one new Dollar worth 10 old Dollars. Coins would then have some usefulness & prices would be more like they were when I was young. It would also make it easier to write checks.

    I don't believe Honduras has replaced it's notes. The value is down about 75% since I went there in the late 80s but I believe the same notes are still good. I went there on a cruise a year ago but we were only there for a few hours on an offshore island & I can't recall seeing any of their money.

    Next cruise in five weeks. Mexico, Guatemala, Nicaragua, Costa Rica,
    Panama Canal, Columbia then Miami.
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  • mark christianmark christian Member Posts: 24,443 ✭✭✭✭
    edited November -1
    It was demonetized on January 1, 1996 and can no longer be redeemed, even in Mexico. Because the 2000 Peso note (at the time) was the lowest value note in circulation, they are as common as our $1 bills and only mint and uncirculated examples (which that bill clearly is not) have even slight collector value. Like most people who have traveled aboard for many years, I have a box full of worthless currency, as well as coins which are only good for flat washers...if that.
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  • john carrjohn carr Member Posts: 1,717 ✭✭✭✭✭
    edited November -1
    British currency is no longer valid after a time period after printing. I had a one pound note I had brought back from London and mailed it to the Webley company requesting info on a firearm I was researching, the one pound being the sum requested for the info. They gave me the info requested and returned my one pound note, advising me that it was no longer valid.
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