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1 Peso

Issuer Banco de México
Year 1943-1954
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Size 156 x 67 mm
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Obverse description Black intaglio print on a multicolor guilloche underprint; red serial numbers appear at the upper left and lower right. At center, a vignette of the Piedra del Sol (Aztec Sun Stone) is rendered in fine detail, flanked by the issuing bank's legends above and below.
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Reverse description Red letterpress print with black seals. At center, a vignette of the Monumento a la Independencia (Monument to Independence), designed by architect Antonio Rivas Mercado and executed in sculpture by Enrique Alciati, is surrounded by fine lathe-work borders and the bank's denomination legends.
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Comments

Pick 38 covers a long run — over a decade — during which Mexico's economy was absorbing the aftershocks of Cárdenas-era nationalization and then riding a wartime export boom. The Banco de México kept the 1 Peso note in production throughout rather than replacing it with coinage, partly because wartime metal shortages had pulled silver out of everyday commerce. ABNCo's New York presses handled the full print run, a common arrangement for Mexican small-denomination paper of this period.

Serial number prefix variations across the 1943–1954 span are the primary tool for dating individual examples within the series.