Mexico 1988 5000 pesos

from the Mountain Groan Collection

By the early 1980's, the Mexican economy was running into trouble. Political mismanagement, corruption, an antiquated tax structure and an exploding population were feeding serious inflation. Coin types, once stable in the early part of the century, began turning over more rapidly as inflation ate away their purchasing power. While this gave employment to coin designers and engravers, it limited their scope of action as progressively cheaper alloys were adopted. This five thousand pesos commemorating the nationalization of the oil industry is the only one of its denomination issued before the reform of 1992.

Recorded mintage: 50,000,000.

Specification: copper-nickel, 33.5 mm diameter.

Catalog reference: KM 531.

Source:

• Amaya Guerra, Carlos Abel, Epitome Ilustrado de la Moneda Mexican Moderna, 1905 a 2015, Monterrey, Mexico, 2015.
• Bailey, Don and Lois, Whitman Encyclopedia of Mexican Money, Volume 1, An Illustrated History of Mexican Coins and Currency, Atlanta: Whitman Publishing, 2014.
• Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

Link to:

• 1988 50 pesos
• 1988 100 pesos, 50th anniversary of the nationalization of the oil industry
• 1988 100 pesos, Carranza
• 1988 500 pesos, Madero, regular issue
• 1988 500 pesos, Madero, bimetallic
• 1988 500 pesos, 50th anniversary of the nationalization of the oil industry
• 1988 1,000 pesos, Sor Juana de Asbaje
• 1988 1000 pesos, 1 oz gold, 50th anniversary of the nationalization of oil industry
• 1988 Libertad
• 1990 pattern 50,000 pesos, Emiliano Zapata
• 1990 pattern 100,000 pesos, Plutarco Calles
• Coins and currency dated 1988
• return to Mexican coinage of the modern era, since 1905