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1 Peso Ejercito Constitucionalista

Issuer Ejército Constitucionalista, División de Occidente (State of Jalisco)
Year 1915
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Currency Peso (1915)
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Obverse description Black letterpress print on red guilloche underprint, with red serial numbers. A portrait vignette of General Ramón Corona Madrigal occupies the left portion, while an exterior architectural vignette of the Palacio de Gobierno in Guadalajara appears at right. The overall layout is framed by decorative guilloche borders typical of the Constitutionalist emergency issues.
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Reverse lettering ESTE BILLETE CIRCULARA FORZOSAMENTE DE ACUERDO CON EL DECRETO DE 20 DE ENERO DE 1915
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Comments

The División de Occidente notes were issued under the authority of Manuel M. Diéguez, the Constitutionalist military governor of Jalisco, as Carranza's forces worked to displace Villista and Zapatista influence across western Mexico. Local military printing was the only practical option in 1915 — federal infrastructure had collapsed, and the various factions were each flooding their territories with their own paper to fund operations and deny economic ground to rivals.

The result was a chaotic monetary environment so severe that by mid-1915 Carranza's government was actively trying to suppress many of the very regional issues it had authorized. S860 sits in that contested window.