Found My First Mexican Coin

d-dub

Hero Member
Apr 15, 2009
916
0
Chicago, Il
Detector(s) used
Minelab Etrac & Minelab Excal II
I was at the P's house this afternoon and it was getting late. I started to head home and figured I would swing by an old school down the street and see what I could find. Within less than a minute the first good signal I got was this.

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When I popped the plug I saw the reeded edge of the coin and it was big(Same size of the Franklin I found yesterday). Pulled it out and almost fell over when I saw the color. It looked like a gold coin. :o When I saw the $1000 on the face I was even more pumped. Then I turned it over and cleaned it off gently and saw that it was from Mexico. That kind of brought my excitement down a bit but not knowing anything about mexican coins I packed up and headed back to the P's. Got on the internet and started searching around and finely found out that it is actually a Aluminum-Bronze 1,000 Pesos coin and only worth a couple of dollars. :-\

Still a cool find but man, I wish it was a gold.

Thanks for looking and HH!

D~
 

Pretty cool coin! I've never seen one dug before. Too bad you didn't dig a handful of them,, you could of retired...in Mexico. ;D :thumbsup:
 

Cool find!
I found one similar to that a few years ago and thought about getting a new detector when I cashed it in. Turns out I wouldn't even have enough to buy an 8 pack of AA's. :o
Mike
 

Thanks everyone!

I did a little more research and if its correct, they stopped using this coin and in 1992 exchange places were swapping these out for the new 1 pesos coin which would make it worth .10 US in coin value. Exchange rate values 1,000 pesos as $75.00 US. Cheap trick!

To a collector it may only be worth anywhere between .10 and $2.00 depending on year and condition. I think I'll keep it.
 

Yep, got a few of them over the years out of the totlots here. La Roca won't even take 'em for a gordita, so I tried Taco Bell. No luck there either.
 

Sweet find ..This is the only mexican coin Ive ever found ..It got a little clipped tho!
 

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