What Are These Worth? 1968 Mexico 25 Pesos Olympic Coin Type 1 And 2

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Iris Phillips Profile
Iris Phillips answered
These coins are actually extremely common and are merely worth the silver that is in them. Mexico is continuously making new money. Old money is not worth anything and it cannot be used later either. In the 90s, Mexico revalued its currency. Coins from all the old eras are basically souvenir material.

Here is a bit of info about the coins for those wanting to know more about them. The diameter of the coin is 38mm. The weight is 22.5 grams. The thickness is 2mm. The composition of the coin is .720 fine silver with .5209 pure silver and .280 copper. Mintage of this coin in Mexico totaled 30,000,000. The mint mark is the letter ‘M’ with a small ‘o’ that is above this ‘M’. With the type 1, the rings are aligned and the snake tongue is straight. In the type 2, the center ring is lower. These coins were minted in 1968 to commemorate the Olympic Games held in Mexico. The obverse side features the Mexican coat-of-arms and an eagle with a snake in its mouth that faces left. It has the following inscription: "25 Estados Unidos Mexicanos 25 Pesos Ley 0.720”. The artist was Ricardo Vasco. The reverse side of the coin features the Olympic Rings that sit below an Aztec native who is dancing. The background features a numeral design. It has "Juegos De La XIX Olimpiada Mexico 1968” imprinted on it. The artist was Lorenzo Rafael. The edging features incused lettering that reads "Independencia y Libertad”. Back in the 14th century, people were told by a certain Aztec priest that if they saw a snake in the mouth of an eagle sitting on a cactus then that is where a city would have to be built. That city would be called Mexico City.
Anonymous Profile
Anonymous answered
Uh wrong... These contain .5209 ounces of pure silver and are worth more than that to any collector... I have seen these regularly sell for $15 or more on ebay depending on the price of silver.
 
Thanks!
Anonymous Profile
Anonymous answered
If you just go on "melt" value, here is how I figure the value of mine:

The 1968 Olympic Coin has .648 grams of silver in each 'peso'.  So, if you take .648g * 25 you get 16.2 grams of silver per coin.  16.2g =.5208 troy ounces, so if you take .5208 * the spot price of one ounce of silver, you can get an approximate "melt value".  Today silver closed at $16.47/ounce, so .5208 * $16.47=$8.58.  This "melt value" does not include any premium that may be on the coin due to its condition, etc. (for example, if the Olympic Coin in question is uncirculated, there may be an additional "value" placed by the seller/appraiser on the coin versus one that may have a lot of wear and tear).
Anonymous Profile
Anonymous answered
Be careful, LISAMARIE1.  Don't answer what you don't know.  Nospacespz is correct.  Typical appraisals for the coins type 1 thru 3 are estimated about $8-10 USD, depending on condition, but collectors often pay much more at auction sites.  These coins have over 1/2 ounces of silver...Therefore, bullion value alone is about $6 USD at today's market...So, go figure.
Anonymous Profile
Anonymous answered
35.00
Anonymous Profile
Anonymous answered
My 4 pieces weight 22.36 + 22.36 + 22.49 + 22.53 of .720 Silver or over 16 grams. PURE
Silver at $17.00 makes them approx. $8.80 USD "Melt" per coin.
They are also 40 years old and mark the 19th Olympics. Better is More costly.
Lisa Marie Halsey Muniz Profile
I don't think they are worth any more then the usual peso. Mexico just puts out new money all the time, and the old money is no longer worth anything nor can you use it later either. My fiance was born here but raised in Mexico. His family lives there. 25 pesos is $2.50 here. Again that is depending on the exchange rate, and if they still use that money. Good luck.

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