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<p>[QUOTE="hotwheelsearl, post: 3202746, member: 75143"]MEC2, I love Mexican notes! Thanks for sharing, I hadn't seen that one before.</p><p><br /></p><p>Here's a similar Revolution-era note.</p><p><br /></p><p>1915 Chihuahua 20 Pesos.</p><p><br /></p><p>Mexico appears to have operated similar to the old United States, with both a National Bank as well as a whole slew of State Banks.</p><p><br /></p><p>This 20 pesos is from the State of Chihuahua. It is interesting to trace the history of Chihuahuan notes from 1913 to 1915 and beyond.</p><p>There is a very popular series of 5,10 and 20 peso notes from Chihuahua engraved by ABNCo.</p><p><br /></p><p>The older note marked "The Bank of the State of Chihuahua," while the newer note does not even mention the Bank of Chihuahua at all.</p><p>Translating some of the Spanish finds that the older note claims that it is "legal tender in accordance to a decree of December 1913."</p><p>Below the vignette it says "valor oro nacional," which means something like "valid in national gold."</p><p>In other words, the 1913 note appears to be a Gold Certificate, redeemable for Gold Pesos at the Bank of Chihuahua.</p><p>[ATTACH=full]829273[/ATTACH]</p><p><br /></p><p>Contrast this with the 1915, Revolutionary note. As mentioned before, this note does not mention it being issued by a bank at all. Instead, it claims legal tender due to a <i>military</i> decree of February 1914.</p><p>Nowhere on the note does it mention being redeemable for gold or silver pesos, which likely means that this note was not backed by precious metals.</p><p>Additionally, the 1915 note is not engraved by ABNCo - not surprising, as ABNCo either stopped doing business with revolutionary Mexico, or the various governments were not wealthy enough to afford quality ABNCo products.</p><p><br /></p><p>[ATTACH=full]829272[/ATTACH]</p><p>The obverse of the Revolutionary note features vignettes of two men, who I would assume to be revolutionary leaders of some kind.</p><p><br /></p><p>[ATTACH=full]829275[/ATTACH] </p><p>The reverse of the note features what is likely the governmental building, in a vignette flanked by two very high-quality, ABNCo-esque griffins.</p><p><br /></p><p>The stamp on the left is the seal of the General Treasury of Chihuahua - again, <i>not</i> the Bank of Chihuahua.</p><p>There is also an exact date stamped on the reverse, in this case being April 1, 1915.</p><p><br /></p><p>It's astounding that within 2 months - from December 1913 to February 1914, Chihuahuan notes changed from beautiful, high quality ABNCo works of art to much lesser products.[/QUOTE]</p><p><br /></p>
[QUOTE="hotwheelsearl, post: 3202746, member: 75143"]MEC2, I love Mexican notes! Thanks for sharing, I hadn't seen that one before. Here's a similar Revolution-era note. 1915 Chihuahua 20 Pesos. Mexico appears to have operated similar to the old United States, with both a National Bank as well as a whole slew of State Banks. This 20 pesos is from the State of Chihuahua. It is interesting to trace the history of Chihuahuan notes from 1913 to 1915 and beyond. There is a very popular series of 5,10 and 20 peso notes from Chihuahua engraved by ABNCo. The older note marked "The Bank of the State of Chihuahua," while the newer note does not even mention the Bank of Chihuahua at all. Translating some of the Spanish finds that the older note claims that it is "legal tender in accordance to a decree of December 1913." Below the vignette it says "valor oro nacional," which means something like "valid in national gold." In other words, the 1913 note appears to be a Gold Certificate, redeemable for Gold Pesos at the Bank of Chihuahua. [ATTACH=full]829273[/ATTACH] Contrast this with the 1915, Revolutionary note. As mentioned before, this note does not mention it being issued by a bank at all. Instead, it claims legal tender due to a [I]military[/I] decree of February 1914. Nowhere on the note does it mention being redeemable for gold or silver pesos, which likely means that this note was not backed by precious metals. Additionally, the 1915 note is not engraved by ABNCo - not surprising, as ABNCo either stopped doing business with revolutionary Mexico, or the various governments were not wealthy enough to afford quality ABNCo products. [ATTACH=full]829272[/ATTACH] The obverse of the Revolutionary note features vignettes of two men, who I would assume to be revolutionary leaders of some kind. [ATTACH=full]829275[/ATTACH] The reverse of the note features what is likely the governmental building, in a vignette flanked by two very high-quality, ABNCo-esque griffins. The stamp on the left is the seal of the General Treasury of Chihuahua - again, [I]not[/I] the Bank of Chihuahua. There is also an exact date stamped on the reverse, in this case being April 1, 1915. It's astounding that within 2 months - from December 1913 to February 1914, Chihuahuan notes changed from beautiful, high quality ABNCo works of art to much lesser products.[/QUOTE]
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