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okiegumbo
Junior Nomad
Posts: 32
Registered: 11-6-2005
Location: San Angelo, Texas
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Peso problem
My bank (WF) called me today. They said that the pesos I sold back to them last November were no longer in circulation. They wanted me to
voluntarily pay $92 to cover their loss. I declined, not my mistake, not my problem. I paid for gas and dinner in Ensenada and received the bills as
change.
Should I be more vigilent in the future while in Mexico?
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TMW
Select Nomad
Posts: 10659
Registered: 9-1-2003
Location: Bakersfield, CA
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No just let them deal with it.
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weebray
Super Nomad
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Location: La Paz
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I assume they gave you nuevo pesos? BTW the peso is headed up in a big way the last week or so.
[Edited on 1-12-2019 by weebray]
Every beautiful beach in the world needs a few condo towers - NOT.
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Alm
Ultra Nomad
Posts: 2716
Registered: 5-10-2011
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I have not heard that some pesos were taken out of circulation recently. Is there any proof of this? (at least, a link to well known source)
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mtgoat666
Select Nomad
Posts: 17289
Registered: 9-16-2006
Location: San Diego
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Mood: Hot n spicy
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Quote: Originally posted by okiegumbo  | My bank (WF) called me today. They said that the pesos I sold back to them last November were no longer in circulation. They wanted me to
voluntarily pay $92 to cover their loss. I declined, not my mistake, not my problem. I paid for gas and dinner in Ensenada and received the bills as
change.
Should I be more vigilent in the future while in Mexico? |
You gave the bank bad money, so your fault, you owe the bank.
Based on your experience, yes, you should be vigilant about being given bad money at the particular establishments you visited.
Woke!
“...ask not what your country can do for you – ask what you can do for your country.” “My fellow citizens of the world: ask not what America
will do for you, but what together we can do for the freedom of man.”
Prefered gender pronoun: the royal we
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja
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My questions are where did you eat in Ensenada and where did you get fuel??
| Quote: Originally posted by mtgoat666 | | Quote: Originally posted by okiegumbo | My bank (WF) called me today. They said that the pesos I sold back to them last November were no longer in circulation. They wanted me to
voluntarily pay $92 to cover their loss. I declined, not my mistake, not my problem. I paid for gas and dinner in Ensenada and received the bills as
change.
Should I be more vigilent in the future while in Mexico? |
You gave the bank bad money, so your fault, you owe the bank.
Based on your experience, yes, you should be vigilant about being given bad money at the particular establishments you visited.
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basautter
Senior Nomad
Posts: 862
Registered: 7-1-2013
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Can someone please explain which pesos are no longer in circulation? Pictures would be nice. Thanks in advance! 
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AKgringo
Elite Nomad
Posts: 5805
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Location: Anchorage, AK (no mas!)
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It sounds like a crooked business owner, or more likely a rouge employee, slipped a few pre-1993 pesos into the change given!.
At the time of changing to the "new peso", 1000 old pesos was equal to one new one!
It sure would be nice to know which pemex or resturant that happened at.
[Edited on 1-12-2019 by AKgringo]
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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okiegumbo
Junior Nomad
Posts: 32
Registered: 11-6-2005
Location: San Angelo, Texas
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Goat:
I did not give the bank "bad money." Bank said it was not counterfit, it was just no longer in circulation. It is entirely possible I received the
pesos when I purchased them from my bank. Note, I also said the bank asked to be reimbursed voluntarily. I have no way of knowing which
establishment may have given me obsolete currency. I would not want to wrongly accuse someone. Perhaps you would be kind enough to elighten us all
on how to identify a questionable note.
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thebajarunner
Ultra Nomad
Posts: 3687
Registered: 9-8-2003
Location: Arizona....."Free at last from crumbling Cali
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Mood: muy amable
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Not a realistic request
| Quote: Originally posted by okiegumbo | Goat:
I did not give the bank "bad money." Bank said it was not counterfit, it was just no longer in circulation. It is entirely possible I received the
pesos when I purchased them from my bank. Note, I also said the bank asked to be reimbursed voluntarily. I have no way of knowing which
establishment may have given me obsolete currency. I would not want to wrongly accuse someone. Perhaps you would be kind enough to elighten us all
on how to identify a questionable note. |
You have asked the Goat for a positive piece of input
The Goat only does negative
Better luck next time
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Alm
Ultra Nomad
Posts: 2716
Registered: 5-10-2011
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Since nobody was able to answer this (also mine) question, here it is:
http://www.anterior.banxico.org.mx/billetes-y-monedas/servic...
Only first 2 types are no longer in circulation: AA and A.
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MrBillM
Platinum Nomad
Posts: 21656
Registered: 8-20-2003
Location: Out and About
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Mood: It's a Zip-a-Dee-Doo-Dah Day
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It's Just One of Those Things
Someone likely found a few old peso notes (I still have some 1K bills) and decided to pass them on to the unsuspecting tourist. Given that they've
been out of circulation for 23 years now and all but an insignificant few would have been turned in while they still had some value, one wouldn't
expect it to be a recurring event.
Here's another link:
https://en.wikipedia.org/wiki/Mexican_peso
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TMW
Select Nomad
Posts: 10659
Registered: 9-1-2003
Location: Bakersfield, CA
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I didn't know there were 1,5 and 10 peso paper money. As far as I can recall they were always coins.
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defrag4
Senior Nomad
Posts: 536
Registered: 2-5-2011
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bank error in your favor, collect $92, proceed directly to taco stand
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Bubba
Senior Nomad
Posts: 957
Registered: 2-17-2009
Location: Pismo Beach, Ca.
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Winner!
Making America Great Again
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pacificobob
Super Nomad
Posts: 2237
Registered: 4-23-2006
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in many developing countries especially ones with a lot of worn/tattered notes in circulation, it is a common practice to pass out the undesired notes
as change to travelers/outsiders.
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Santiago
Ultra Nomad
Posts: 3499
Registered: 8-27-2003
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OkieGumbo:
In my view you have made a few critical errors:
1. You bank with Wells Fargo. 'nuf said.
2. The fees you give said bank for buying and then selling back unused pesos are outrageously high.
3. You ended a vacation with unused pesos. You're either driving very carefully or not having enough fun. Save unused pesos for next entry into Baja
so youse can get that first taco and pay your Visa fee before getting to bank. There are safe and mostly reliable ATMs at major migration points
anymore.
All of this can be avoided by stopping at the first bank-owned ATM and get the max amount of pesos, normally around $5-7k. Stop at the next one and do
likewise (may need to be the next day if you have a daily limit on your card). Now you have enough cash for two people to have a pretty nice week's
vacation.
By the way, I've eaten a lot of gumbo, what's "Okie Gumbo"?
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chippy
Super Nomad
Posts: 1695
Registered: 2-2-2010
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Was it the changing of the 500 peso notes to the new blue ones with whales on it?
https://www.google.com/search?q=new+500+peso+bill+mexico&...
[Edited on 1-13-2019 by chippy]
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BajaMama
Super Nomad
Posts: 1106
Registered: 10-4-2015
Location: Pleasanton/Punta Chivato
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Mood: Got Baja fever!!
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You are trying to pass on your bad of erroneously accepting old pesos to your bank. YOU should have known they were old. A bank teller who has never
been to Mexico would have no idea. I say shame on you for not taking personal responsibility.
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JoeJustJoe
Banned
Posts: 21045
Registered: 9-9-2010
Location: Occupied Aztlan
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Mood: Mad as hell
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It sounds like a scam, but if it actually was Well Fargo, and you gave them bad pesos.
You should go down and run to Wells Fargo, and made good on those bad pesos because if you don't.
You could see Wells Fargo, employees, opening up accounts in your name, that will charge you high fees. Maybe, they will open an auto policy in your
name, and take more money from you like they did to thousands of customers.
However, if you want to fight Wells Fargo, you should write Senator, Elizabeth Warren, who once had Well Fargo's, CEO on the hot seat, and she just
destroyed him. A few weeks later he resigned.
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