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1 Peso El Banco Minero
| Issuer | El Banco Minero |
|---|---|
| Year | 1888-1914 |
| Type | Log in to see details |
| Value | 1 Peso (1 MXP) |
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| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CHIHUAHUA, 7 Julio 1914 El BANCO MINERO pagará á la vista al portador. 1 UN PESO 1 en moneda de plata del cuño Mexicano. SÉRIE E (Translation: Chihuahua, 7 July 1914 The Mining Bank Will pay at sight to the bearer One Peso in silver coin of the Mexican mint. Series E) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO MINERO UN PESO (Translation: Mining Bank One Peso) |
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| Comments |
El Banco Minero was chartered in Chihuahua in 1878 primarily to service the mining and commercial interests of the northern frontier — a region where banking infrastructure lagged badly behind economic activity. The American Bank Note Company handled the entire series, which was standard practice for Mexican provincial banks of the Porfiriato period seeking engraved security printing that domestic facilities could not yet reliably provide.
The S162 designation places this within the Sociedad (private bank) section of Pick, reflecting its status under the 1897 Ley General de Instituciones de Crédito, which formally regulated — but also constrained — state-chartered banks of issue until Díaz's nationalization push ended most of their note-issuing privileges by 1914.