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Departed 1998 SL500 (and the Pano is in Bogota)
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The key is mechanical with a transponder chip inside and does not require any battery. It should be able to open all locks and drive the car.
The Fob with battery is just a remote transmitter to unlock the doors and trunk etc.
 

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1997 SL500 70K Miles
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424 Posts
My transponder failed, car would crank and never start. Had to get some valet keys made. Thought there was some other starting problem for awhile. This can't be fixed and I'm not sure the style of key that is in the fob is available any more. Anyway, would probably be ridiculously priced. Of course, the fob lock control has gradually degraded and has not worked for awhile.
 

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450slc5.0cab 280sl5sp 280se4.5 500seAMG +250seStkW108 350sl4spdX3 500secEuro 300sel5spd R+C107galore
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25,246 Posts
I finally ponied up for a new IR key for my 1992. I was using regular keys for a while, but when I lost my last one I decided to pony up for the IR key. I hope I don't lose this one!

Check with the classic center.

Edit:
It sounds like my early key has no transponder stuff to be concerned with
 

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97 E-420 (180K miles), 97 SL500, (93K miles) 2015 GMC Sierra Denali 2500HD CC/SB/4x4 Duramax(55K)
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The key is mechanical with a transponder chip inside and does not require any battery. It should be able to open all locks and drive the car.
The Fob with battery is just a remote transmitter to unlock the doors and trunk etc.
for the 97 and maybe later years, not quite accurate. a regular key has a transponder in the key plastic. for the IR fob, there is a transponder in the IR remote housing. If it disappears, like when disassembly the IR remote, the car won't start. The transponder is small black chip in the housing.
 
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93 SL500, 95 SL320, 96 S320, 98 S500, 2002 E320 4Matic Wagon & A little 91 5.0 FORD Mustang
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