Are Mexican coins ever found in circulation in the border states?

Here in the Detroit area, Canadian coins, especially cents, are frequently seen in circulation. Do those of you who live in states that border Mexico ever encounter Mexican coins in circulation?
Just this past week I received a 1995 Australian 5 cent coin in circulation...it is dime size and color.
Just this past week I received a 1995 Australian 5 cent coin in circulation...it is dime size and color.
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San Diego, CA
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On the other side of the coin, I tried to spend a Canadian penny in Nevada one time and the clerk at the store said they don't take foreign money. I told her it wasn't foreign, it was from our northern state of British Columbia.
The reason Canadian money circulates in the US is because they get a 10% discount on every coin they can use of equal value in the US. My guess is that US coins, valued at a 10% premium disappear quickly when used in Canada.
Over the past 11 years or so I have saved all of the Canadian cents I've received in change. I now have about 550 of them.
what would brian boitano do?
hi, i'm tom.
i do not doctor coins like some who post in here.
Out of the close to 80 different countries of coins that I've found Canada is the most followed by Great Britain, Mexico and France.
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Steve
K
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<< <i>Tourists do the dumb thing of changing their money (laughably) in Tijuana and end up with Mexican pesos in their pockets. Silly souvenirs to go with pics of the kids on the painted burro. >>
Hey, I exchange a US dollar for 3 pesos back in 1971. I think I still have them somewhere. Think they are worth anything?
<< <i>
<< <i>Tourists do the dumb thing of changing their money (laughably) in Tijuana and end up with Mexican pesos in their pockets. Silly souvenirs to go with pics of the kids on the painted burro. >>
Hey, I exchange a US dollar for 3 pesos back in 1971. I think I still have them somewhere. Think they are worth anything? >>
The truly funny thing is that the Mexican merchants prefer dollars to pesos and give a better price in USD. But Ma and Pa Kettle from Jablip, Kansas will have none of that. When in Mexico, be like a Mexican .... well, one wearing a big sombrero and carrying a Berlitz Spanish guide and a velvet painting of Elvis Presley.
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mexican silver is ok
I'll use it to get my brekky burrito in the early mornin
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<< <i>The truly funny thing is that the Mexican merchants prefer dollars to pesos and give a better price in USD. But Ma and Pa Kettle from Jablip, Kansas will have none of that. When in Mexico, be like a Mexican. >>
Well, maybe northern Mexico. When I was in Cancun (18 years ago), you had to exchange the US $ for Pesos. A lot of places would not take the US $. I remembered getting 3 pecos for a buck in 1971 while we were down there - in Cancun, we got something like 1700 for a buck. Talk about a good investment!!!
That was the other funny thing in 1971. We were in Mexicali and the merchant had to look all over to find the 3 pesos. They were all using US $$ as their currency. But, being a coin collector, I had to have some pesos (coins).
They call me "Pack the Ripper"
Also shocked that people reject your foriegn coins. I've been both in front and behind the counter at supermarkets and I never rejected foriegn coins or have them rejected if I passed them on.
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US has dollars, Canada has dollars, Mexico has pesos. A Canadian dollar is worth better than 80% of a US dollar, the loss taking Canadian is small. A Mexican Peso is worth about 8% of the US dollar and falling. As mentioned earlier in 1971 it took three pesos to buy a dollar. 18 years ago (1988) it took 1,700 pesos to buy a dollar. In 1992 it took 3,000 pesos to buy a dollar. They had a currency revaluation that year 1000 old peso = 1 new peso. That brought it back to about 3 new pesos buying one dollar. Today it takes 11 of those new pesos (or 11,000 of those old 1971 pesos) to buy a dollar.
Here in this country we camplain about the possibility of losing the cent. In Mexico the SMALLEST coin is their basic unit, the Peso and it is close in value to our dime (It is a small copper coin). And they will probably be losing that soon making the 2 peso the smallest coin.
A little idea about what happens to currency thats not backed by anything. A good idea where the dollar is headed.
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<< <i>Here in this country we camplain about the possibility of losing the cent. In Mexico the SMALLEST coin is their basic unit, the Peso and it is close in value to our dime (It is a small copper coin). And they will probably be losing that soon making the 2 peso the smallest coin. >>
Very good point I had not thought about. There must be some other countries facing bigger problems than our one cent one with rising metal prices.
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I have encountered Canadian coins and currency in circulation off and on. I think that occurrs because many older couples from Canada spend the winter in Arizona and the public perception of value is somewhat close to the US $.
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