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1 Peso El Banco Minero
| Issuer | El Banco Minero |
|---|---|
| Year | 1888-1914 |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Black intaglio print over green and yellow underprint, with red serial number. At left, a vignette of a seated Native woman resting her right hand on an idol and holding a palm frond in her left, positioned on a tepetlacalli; at right, an allegorical figure of Commerce reclines on a strongbox, holding scales in her right hand. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in green, the reverse bears a detailed exterior perspective vignette of the original headquarters building of the Banco Minero in Chihuahua City, rendered in a fine engraved style characteristic of American Bank Note Company production. |
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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.