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You didn't say what the 50 stands for - pesos (using a $ sign, like a U.S. dollar) or centavos.

Either way, its value is very low. Mexico's currency was affected by severe inflation during the 1980s and the value of the peso fell to about 1/100 of a U.S. cent. The current peso is a so-called "new peso" worth 1000 old ones. That means your coin is worth 0.05 new pesos, and at current exchange rates one new peso is about a dime.

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15y ago
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15y ago

Probably a slight premium to the spot value of silver (about US$9.40 as of 11/19/2008).

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12y ago

It depends on the face value and condition. One 'plata libertad' coin can be worth up to US$34.00

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Q: Value of 1985 Mexico silver 1oz coin?
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