These are the coins that will be removed from circulation in Mexico and this is what you can do with them

The new pesos in Mexico were launched on January 1, 1993 as a measure to stabilize the economy and facilitate transactions, replacing the old pesos at a rate of 1 new peso for 1,000 old pesos.

More than 30 years later, the Bank of Mexico (Banxico) is in the process of withdrawing some families of metal coins and bills, however, those who own some of these coins should keep in mind that there are options to exchange them, and that they have not yet lost their value.

Banxico reported that the metal coins of the B family began to circulate in 1993 and are distinguished from the coins of the A family by being expressed in “new pesos”, where one new peso was equivalent to one thousand pesos of the previous unit.

For its part, the C family of metal coins, introduced in 1996, completed the change of monetary unit and are expressed simply in “Pesos”. These coins share characteristics with those of the B family.

The denominations involved in this withdrawal process include certain specific amounts from both families. Banxico has specified that from the B family, the denominations of 10 centavos, 20 and 50 new pesos are being withdrawn.

As for the C family, the banknotes in the process of withdrawal are the 10 centavos, as well as the 20 pesos commemorating the change of the millennium, Señor del Fuego, and the 100 pesos commemorative.

These are the coins in the process of being withdrawn

10 cents

20 pesos – change of millennium (Lord of Fire)

100 pesos – 180th anniversary of the union of the states of the Mexican Republic in a federation

100 pesos – 400th anniversary of the first edition of the literary work “The Ingenious Gentleman Don Quixote of La Mancha” by Miguel de Cervantes Saavedra

100 pesos – 80th anniversary of the founding of the Bank of Mexico

100 pesos – 470th anniversary of the Mexican Mint

100 pesos – 100th anniversary of the Monetary Reform of 1905

100 pesos – bicentennial of the birth of the Benemérito de las Américas, Don Benito Juárez García.

What should I do with the coins that will be removed from circulation?
The first thing to keep in mind is that they can still be used in daily operations, but if a commercial establishment does not accept them, you can go to a bank branch to exchange them.

According to Banxico, the bills and coins in the process of being withdrawn still retain their liberating power, that is, they can be used in daily transactions. Despite having value in their indicated denomination, they will be withdrawn from circulation through the banks.

When these pieces reach the banking entities, they must separate them and send them back to the Bank of Mexico so as not to give them back to the public.

This movement seeks to withdraw from circulation the coins that no longer align with the aesthetics and characteristics of the new families of bills and coins issued by the Bank of Mexico, thus guaranteeing greater homogeneity and security in the circulating cash.

Banxico renews the manufacturing process of 1, 2 and 5 peso coins

Starting in 2025, the Mexican Mint will change the metallic composition of the one, two and five peso coins, following a proposal by Banxico, with the aim of extending the useful life of the coins and reducing production costs through the use of new materials.

Currently, the center of these coins is made of a bronze-aluminum alloy, with a composition of 92% copper, 6% aluminum and 2% nickel, and weighs 1.81 grams. The new proposal by Banxico and the Ministry of Finance consists of replacing this alloy with steel, covered by a thin layer of bronze, to maintain the original appearance of the coins.

On the other hand, the outer ring of these coins will continue to be made of stainless steel, made up of about 80% iron along with carbon, silicon, sulfur and nickel. This choice has been motivated in part by the efficiency in production costs, since iron is cheaper and more abundant than other metals such as copper and aluminum.

Source: infobae