Catalog
1 Peso El Banco de Hidalgo
| Issuer | Banco de Hidalgo |
|---|---|
| Year | 1914 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | El Banco de Hidalgo pagará un peso en esta ciudad, a la vista, al portador, en efectivo. (Translation: The Banco of Hidalgo will pay one peso in this city, on demand, to bearer, in cash.) |
| Reverse description | Black intaglio print on plain paper. A central oval portrait vignette of Miguel Hidalgo y Costilla, rendered in fine line engraving, is flanked on each side by large ornate numeral '1' counters set within elaborate circular guilloche rosettes. The bank name appears in a decorative panel at the bottom centre, with the printer's imprint directly below. |
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| Comments |
The Banco de Hidalgo operated out of Pachuca under the concession system established by Mexico's 1897 banking law, which granted regional monopoly rights to state banks in exchange for strict reserve requirements. By 1914, that entire framework was collapsing — the Revolution had destabilized federal oversight, and many provincial banks were issuing notes well beyond their legal backing. Whether this particular emission respected those limits is doubtful.
ABNC's involvement was common among the better-capitalized Mexican state banks before the revolutionary period severed normal commercial relationships with foreign printers. After 1914, reordering from New York became effectively impossible.