Catalog
1 Peso El Banco de Durango
| Issuer | El Banco de Durango |
|---|---|
| Year | 1891-1901 |
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| Currency | Peso (1863-1992) |
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| Obverse description | Black intaglio print on blue underprint with red serial numbers and red seal. At left, an allegorical vignette presents the figures of Liberty and Concordia supporting a shield bearing the Mexican national arms, surmounted by a bald eagle and flanked below by a cornucopia. The design is executed in fine line engraving characteristic of American Bank Note Company production. |
|---|---|
| Obverse lettering | El Banco de Durango pagará a la vista al portador en moneda de plata Un Peso (Translation: The Bank of Durango will pay the bearer with silver coins One Peso) |
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| Comments |
El Banco de Durango was one of the regional banks authorized under Mexico's 1897 Ley General de Instituciones de Crédito, though this series begins earlier, suggesting the bank operated under predecessor concessions before the federal framework was fully codified. The American Bank Note Company contract placed production in New York, a common arrangement for Mexican state banks of this period who distrusted domestic printing capacity and wanted the engraving quality that ABNC consistently delivered.
The decade-long dating window on this series reflects a practice of issuing notes against a single printed run and dating them at the point of authorization rather than continuously reordering. Durango's economic base in silver mining made local confidence in paper instruments perpetually fragile.