Mexico 5000 Pesos  1988
Mexico 5000 Pesos 1988

The snake, caught in the beak of an eagle, perched on a cactus, growing on a stone, sitting in a lake, is the national symbol of Mexico. It's an homage to the description that the god Huitzilopochtli according to legend gave a group of natives of the perfect place to found their new capital. The story goes that they wandered for hundreds of years before founding what is now known as Mexico City.

Timmy, these nice, large coins are not made from silver, but from cupro-nickel; an alloy of copper and nickel that might walk like silver and quack like silver, but it's not a du-... err, silver.

This is what the catalogs say about approximate values for these coins:
worn: worth face value in Mexico
average circulated: $1 US Dollar approximate catalog value
well preserved: $2
fully uncirculated: $5

A keen collector might pick up a beautiful mint-state specimen for up to $10 US Dollars if it is a particularly appealing coin.

The coin shown in our picture has no wear and is thus fully uncirculated. However, it has picked up a very unfortunate heavy 'bag mark' (a contact mark from another coin during the production) at four o' clock on the rim of the reverse side. As always, each coin stands on its own merits, and I would personally skip this coin and try to find a better one - after all, they made fifty million of these! A coin like in the picture might bring in $2 to $3 from the right buyer.

The values cited on this page are only approximate catalog values, and only apply to problem-free coins that do not have scratches, stains, spots or the like. Be sure to read the 'Important Terminology' page in the menu on the top left to interpret these catalog values.

Coin: 14251 , Genre: Colonizers and Colonies
Requested by: timmy, Thu, 18-Apr-2013 14:04:15 GMT
Answered by: Paul, Tue, 21-May-2013 02:28:25 GMT
Reviewed by CoinQuest. Appraisal ok., Sun, 05-Apr-2015 20:56:37 GMT
Requester description: 1988 estados unidos mexicanos.has an eagle with snake in its beak with cactus plant on bottom.other side top word cincuentenario.left side says $5000.right side dated 1988.bottom 1938-1988.o over a letter m.very bottom says expropiacion petrolera.the picture in middle looks like buildin in back people standin on top rock an three other people seem to be lookin down at a rock in front. $5000
Tags: mexico 5000 pesos peso meican mex mexicana mexicanos mecican mexio nexicana mexicano mexican preso estados unidos an eagle snake beak cactus plant cincuentenario over letter expropiacion petrolera buildin building people rock three down front estado estrados eaglets egals eable egal eagles eag ealge eagel planting vegetation plants leters letters lettering lettered bulding barn dwelling buliding buildings architecture person peuple peoples peple persons rocks two house cabin statue bird hawk falcon serpent wreath houses hut asps snakes asp greenery wreathed rief reif reef wreathe wreat garland wreth wreah wreaths


Why does it say when you google this $5000 pesos it says the exchange rate to u.s. dollars is $369 I don't understand are you saying it had no exchange value
- Christian
Christian - In 1993, due to hyperinflation, Mexico devalued their peso. They created a new peso, or 'Nuevo Peso', worth 1000 of the old pesos. These coins however, struck in 1988, are worth 5000 of the old pesos, or 5 new pesos. This is equal to $0.369. Starting in 1996, the 'Nuevo Peso' was re-denominated as simply 'Peso'. This is why today's Mexican pesos are worth much more than those from 1988! - CoinQuest (Chris)





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