Verified answer

Mexico was going through serious hyperinflation in the 80s and REvalued the currency by removing THREE zeros from . So $1000.00 mxn pesos became 1 Peso.

This was done in 1993 and anyone holding the old Pesos had 3 years to exchange the old to the new. The coins were completely overhauled and made much smaller.

It is now worthless as "Legal Tender" and as the other answerer says it is worth a surprizing 30cents on" ebay "

The coin you have became popular as key chains.

Please see the link

It has no currency value at all. In 1993 Mexico revalued the peso and removed three zeros from their coins and bills. Pre-revaluation currency was graudually removed from circulation and was later declared null and invalid.

Hold onto this coin though. It is an interesting find and there are few still in existence. In another few decades you might get more from a colector than the approx $3.00 USD that it was worth while in circulation.

The coin was from the old peso. Mexico devalued its currency and dropped 1 zeros from all its money. When that coin was issued it was worth 1.00US dollar today it is worth less, sorry to say I know you wanted to hear different.

MEXICO MEXICAN KM536 1988 VF-NICE LARGE 1000 PESO COIN