As an expert in currency exchange and international finance, I can provide you with a detailed answer on the value of a $500 Mexican coin in the United States. However, it's important to clarify a few points before we delve into the specifics.

Firstly, it's crucial to understand that the value of a currency can fluctuate based on various factors such as the economy, political stability, and market demand. The exchange rate is the price at which one currency can be exchanged for another, and it's constantly changing due to these factors.

Now, let's address the information you've provided. It seems there might be a bit of a misconception. As of my last update in early 2023, the Mexican Peso (MXN) does not have a denomination of $500 in the form of a coin that is commonly used or circulated. The highest denomination of the Mexican Peso in circulation is the 200 Peso coin. It's possible that the $500 Peso note exists, and its value in USD would depend on the current exchange rate.

As of the date you've mentioned, February 3, 2016, if we were to consider a $500 Peso note, its value in USD would be approximately $28, based on the exchange rate at that time. However, please note that exchange rates are historical and can only be estimated for past dates. The actual rate would have varied throughout the day and could have been different at the time of an actual transaction.

To determine the current value of a $500 Peso note in USD, you would need to check the most recent exchange rate. You can find this information through various means:


1. Banks and Financial Institutions: Banks often provide the most accurate and up-to-date exchange rates for their customers.


2. Online Currency Converters: There are numerous online tools that can provide an estimated exchange rate.


3. Foreign Exchange Markets: If you're looking to trade a significant amount of currency, you might want to look at the foreign exchange markets for the most current rates.

4. **Travelex and Other Currency Exchange Services:** These services often have kiosks at airports and in major cities and can provide exchange rates for various currencies.

When exchanging currency, it's also important to consider any fees or commissions that may be charged by the institution or service you're using. These can vary and can affect the final amount you receive when exchanging your currency.

In summary, while the $500 Mexican coin as you've described does not exist in the form of a coin, a $500 Peso note's value in USD would be determined by the current exchange rate. It's always best to check the most recent rates and consider any additional fees when exchanging currency.

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500 pesos of the new Mexican current version is now a bill not coin and it is around 28 USD and it looks like this.Feb 3, 2016read more >>