2 Nuevos Pesos 1993 (Bimetallic): What It's Worth

If you inherited or found a Mexican 2 Nuevos Pesos coin dated 1993, here is the honest answer first: in circulated condition it's worth roughly 10 to 30 US cents, close to face value. It is not silver, not rare, and not the coin worth over 100 dollars that some sites claim. In 2026, only high-grade uncirculated examples or genuine mint errors bring real money.

What this coin is

The 2 Nuevos Pesos is a circulation coin from Mexico's 1993 monetary reform. That reform lopped three zeros off the old peso: 1 nuevo peso equaled 1,000 old pesos. That's why the front shows an "N" next to the 2. The N stands for "nuevo peso" (new peso), and it marks coins from the transition period between 1992 and 1995.

It's a bimetallic coin: a center plug of aluminum bronze inside a ring of stainless steel. Two colors, two metals, no precious metal at all. Specs stay the same across every year of the type:

• Weight: 5.19 g
• Diameter: 23 mm
• Composition: aluminum bronze center, stainless steel ring
• 1993 mintage: 77 million pieces (per Numista)

The reverse (back) is worth a look even if the coin isn't worth much. Around the "N2" value runs the Anillo de los Días (Ring of the Days), a band of glyphs taken from the Piedra del Sol, the stone often called the Aztec calendar. Every coin in the Nuevos Pesos series 1992-1995 shares this pre-Hispanic motif.

Is it rare? No

Let's be clear about rarity, because this is where the myths start. Mexico struck 77 million of these in 1993, one of the highest figures in the series. It is abundant. There are millions of them in drawers, jars, and inherited coin boxes across two countries. Common date, common metal, common condition.

What it's actually worth

Condition	Realistic value (USD)
Circulated, worn	0.10 to 0.30
Lightly circulated	0.30 to 0.50
Uncirculated (high grade)	3 to 15+
Genuine mint error	20 to several hundred, case by case

The "this coin is worth 1,400 pesos" claims you'll find on social media apply to error coins or proof strikes, not the normal piece. If yours came out of ordinary change or a family stash and looks like every other one, it's the low end of that table.

Where the price actually climbs:

• Top-grade uncirculated coins. A piece with full luster, no wear, and no bag marks can be worth several dollars to a specialist, especially graded by NGC or PCGS.
• Genuine mint errors. Doubled strikes, off-center centers, missing metal, misaligned glyphs, or edge (rim) defects. A verified, confirmable error can be worth far more than the regular coin.

How to check if yours is worth more

1. Grade it honestly. Is there wear on the high points? Scratches, spots, a dull surface? Then it's circulated and worth face value. Sharp, shiny, and mark-free means it may be worth grading.
2. Look for a real error. Check for doubled lettering or glyphs, a center plug that sits off to one side, missing metal, or edge problems. Compare against photos of confirmed errors before assuming yours is one. Most "errors" are just post-mint damage worth nothing extra.
3. Don't clean it. Cleaning kills value on any coin. Leave it as is.
4. Get it authenticated only if it looks genuinely uncirculated or shows a possible error. For a common circulated coin, grading fees cost more than the coin is worth.

Where to buy or sell one

Because this is a common coin, it trades on general marketplaces and with local coin dealers rather than at major auction houses. To see who's buying and selling near you and at what prices, check the Pesoteca store directory. For context on the rest of the transition-era coinage, browse the Nuevos Pesos era.

Got one that looks flawless, or think you've spotted an error? Post clear photos of both sides and the edge in the Pesoteca forum and let the community weigh in before you list it.

The Nuevos Pesos family was born from the decree of June 22, 1992, published in the Diario Oficial de la Federación, which reordered the Mexican currency by removing three zeros from the peso then in force. The transition took effect on January 1, 1993, and lasted three years. The pieces bore the N$ prefix to distinguish them from the earlier peso, until in 1996 Banxico eliminated the prefix and it circulated again simply as the Mexican peso.

This N$2 Bimetallic piece struck in 1993 is part of the peso transition. Banxico documented the annual mintages in its Circular Monetaria CM10, though for some years the coverage is uneven. For the specific piece it is best to verify the exact mintage against the official Banxico catalog before appraising it. Pesoteca catalogs each piece by mint year rather than grouping them by design, following the convention of the PSM System.