1000% Profit
New Foxxinnia
17-12-2005, 23:53
I found this 1000 Peso coin in my house, so I checked how many dollars is that. $92.94. I was quite surprised. I checked Wikipedia on the Peso to find out how in 1993 they switched to the New Peso. 1,000 old pesos equals 1 new peso. My coin was minted in 1989, so this coin is worth nine-fucking-cents. So I got to thinking, "Where does a person go to get currency converted?" I'm placing my bets on that the teller wouldn't know about New Pesos and Old Pesos; I'm mean, neither did I. I'd be making a 1000% profit if I pull this off.
Tactical Grace
18-12-2005, 00:01
And committing a federal offence? :confused:
Blood Moon Goblins
18-12-2005, 00:05
They do check these things, people at banks and such are often quite careful about that sort of thing, especially with people switching money all the time nowadays, EX: Trading Shequalims for NEW Shequalims and so forth, Pesos for new Pesos and all that.
The Aryan Apostle
18-12-2005, 00:06
Yeah. It'll be awesome having $92 and a $10,000* bail.
(somewhere in that neighborhood?)
Keruvalia
18-12-2005, 00:22
I believe you have to go to a Federal Exchange Bank in order to exchange currency. They'll know the difference.
Now you know what those people who had the 1 trillion Mark notes felt like after it was revalued...:p
And committing a federal offence? :confused:
Yup, take the cents unless you want to wake up to :mp5:
Kossackja
18-12-2005, 00:59
that would be 99900% profit. go buy some math from it.
Harlesburg
18-12-2005, 02:07
They will laugh at you.
New Foxxinnia
18-12-2005, 02:29
that would be 99900% profit. go buy some math from it.
Shut your screaming ass.
Good Lifes
19-12-2005, 02:32
The teller would take the hit not the bank. The teller has to make up for any loss in his/her drawer. So you would be stealing from some lowly wage earner. Most banks do exchange for a fee. In other words you wouldn't get the 9-cents, maybe 5-cents or maybe even end up owing them a minimum charge.
Iztatepopotla
19-12-2005, 04:24
Oh, how I remember those long gone days of 1980, when my mom gave me 1, or 2 pesos to buy lunch and stuff in school. If I was lucky and she didn't have change, it would be 5 pesos. Imagine that!
By the end of the eighties a lunch in College costed about 8,000. And around 1993, 10,000 to 20,000 was the norm. You could have traveled to Europe with that money just 12 years before!
If I want to go to the movies now, I would be spending about 80 to 100 of the new pesos (which are called pesos again). If I want to take a girl to dinner, that'd could go from 100 to 500, depending on the place.
I think inflation is about 6% this year.
EDIT: Oh yeah, and if you're vacationing in Mexico, make sure you familiarize yourself with the current coins and bills (there are posters in banks, airports, hotels, etc.) Seems some bad merchants, cabbies, etc. are using old, worthless currency to give as change to tourists.