Flea Market Find

Picked up this ABNCo. Mexican note at a local flea market:





Probably overpaid but I like it.

Mike

 

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​Nice note, how old is it ????

 

I'm not sure, but I think it says 1913.

 

For the carrier in cash in accordance with decree of 12 December in the year one thousand nine hundred thirteen.

(Spanish to English translation)

 

It does say 1913.

De mil novecientos trece is the year.

 

All are correct. I ran "segun decreto del 12 de diciembre de mil novecientos trece" through Google Translator and it responded with:
"According to Decree of 12 December 1913"

It's in nice shape for being 99 years old.

 

A simple rule i live by if you like it want it or need it buy it! many people our
Overly concerned about price! and our already looking to sell it before they
Buy it!

 

Yes, but also says something about being payable because of an official order issued on December 12th 1913. I've no understanding of Mexican currency, so exactly what this means I do not know.

 

In the middle of 1913, because of the disruption in communications and the scacity of small change, certain companies in Parral and the surrounding area began to issue their own fractional paper currency. These valores de trabajo were payable to the bearer on presentation in the company's offices as soon as communications were restored (al portador una vez que se reanuden las comunicaciones, en sus oficinas de esta ciudad, á la presentación de esto).
Many businesses and individuals were unwilling to accept some of these vales, and General Manuel Chao issued a circular calling upon the issuers to formally request permission and to offer adequate guarantees. In consequence, on 22 September 1913 Chao issued a decree that people should accept the notes of the Compañía Ferrocarril Parral y Durango; the Alvarado Mining and Milling Company; the San Francisco del Oro Mining Company; the Concurso Mexico Consolidated Mining and Smelting Company; San Pedro, Guanaceví and E.T.Notts, Guanaceví, and not accept the Fundicion de Fierro y Bronce, the El Rayo Mining and Development Company, the Mina La Cumbre y La Bufa or any other company that was not on the list of acceptable notes

http://www.papermoneyofchihuahua.com/the-history/private-issues/vales-in-parral.html

 

This is the correct link for the background on this note

http://www.papermoneyofchihuahua.com/the-history/el-banco-del-estado-de-chihuahua.html

 

I agree.

 

Many of the early Mexican notes did not circulate, they are, I think, unsigned remainders from the american bank note company.

I know that the unsigned ones are much more prevalent in high grades, but I do not know enough about the notes to say wether there is a premium for the signed notes.

 

So is it worth much? I don't know jack about foreign currencies.

 

When there is not a signature it is called a "remainder". And it can be more valuable with or without the signature, usually whichever is harder to find is the more expensive.

I think it's a wonderful note. It has age, nice color, good condition and a cool design. Thats why I own one also

Nice find.

 

The seller was asking $15.00 I paid $12.00 and could have bargained for less but what's the point for a single bill purchase.

I'm continually amazed with the wealth of information shared by members of CoinTalk. Turns out I've got many ABNCo. remainder notes but didn't know it.

Thanks all.

Mike

 

Are you sure it wasn't a Spanish Flea market?

Dun-nun-nun-nuh da-da-da-da...

 

It kinda was. It was the annual Butchers' Hill Flea Market in Patterson Park, Baltimore. It seemed about >20% of the patrons were Hispanic and the dealer was Hispanic.
He had a good selection of notes I should have asked him for contact information.
In previous years I've bought several very old interesting cameras and old photos at this flea markter.

A few years ago at the Baltimore Whitman show I noticed an Hispanic guy and an Hispanic woman approaching currency dealers offering to sell beautiful very old Mexican ABNCo. currency. After they moved on I asked a couple of dealers that bought some of the notes why they were so desirable. I don't remember what they said but I believe he was selling companion notes two for $45.00 a set. A coupe of the dealers told me it was a very good deal. I approached him offering to buy a set for $35.00. (not sure about the prices as it was a while ago) After consulting with his girlfriend in Spanish he sold me a set. At home I examined them with a magnifying glass, scanned them then put them in a SDBX. I did post them here. I'll see if I can locate the thread then reply with link.

When Martin O'Malley was mayor Baltimore became a "sanctuary" city for illegal immigrants which may at least partly explain the large Hispanic population.
O'Malley was fond of calling the illegals "new Americans"

 

ABNCo. Five Peso December 1913 Note

Picked up this note for $12.00 last weekend at a local flea market. Condition is very good.
Wondering what it's worth.

Mike

 

If Ebay sales are a meaningful indicator then you paid about the middle of the market. Some sold in the 15.00 range. At least one went unsold at 9.99.

 

Thanks. It's a pretty note.