I have a 1987 5000 Mexican Pesos - is it worth same as today's pesos?

Question

I found an old banknote shoved in an old mug. It is a 1987 El Banco De Mexico 5000 peso note. I googled the exchange rate and it came up that 5000 pesos is worth $495 US Dollars.

But then I did an ebay search and similar notes are selling for only a few dollars. Is the note I have still legal tender and if I went to a currency exchange would they give me $495 USD? Serious answers only please. Thanks!

Answer 1

no it is a trinket, keep it...

it is like less then 1 US dollar. Save it in a coin sleeve for fun and Future Generations. Nothing like coming across it years from now...

Answer 2

yes

Answer 3

Rolf's English needs some work, but he nailed it with his answer.

Mexico remonetized in January 1993. At that time, 1000 old pesos became 1 new or current peso. Your 5000 peso note with portraits of the Ninos Heroes on it is worth 5 current pesos or about US 50 cents.

Your note is listed in the Standard Catalog of World Paper Money, Modern Issues, 13th Edition (2008) as Catalog # P-88b. Catalog value runs from 60 cents for a low grade note to $5 for a note in pristine as-new condition.

Answer 4

No at all,

At that time the Peso haven´t loss 3 ceros, which means that you have 5 pesos of the current Mexican pesos value, a total of 50 USD cents (about that)

Answer 5

You would have to check with a place that exchanges Mexican money into amarican money.  

I was in mexico on vacation last month. All the currency I saw was the new kind.  Nothing older than 1998