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1 Peso El Estado de Chihuahua

Issuer State of Chihuahua
Year 1915
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Value 1 Peso
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Obverse description Printed in black and blue with red serial numbers; a portrait vignette of Francisco I. Madero appears at left and a portrait of Abraham González Casavantes at right. The central field carries the note's denomination and issuing authority text within a guilloche-bordered frame.
Obverse lettering EL ESTADO DE CHIHUAHUA PAGARA AL PORTADOR EN EFECTIVO UN PESO, CONFORME AL DECRETO MILITAR DE FECHA 10 DE FEBRERO DE 1914 CHIHUAHUA, CHIHUAHUA, MEXICO. UN PESO
(Translation: The State of Chihuahua will pay to the bearer in cash One Peso according to the military decree dated 10 February 1914)
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Comments

Chihuahua issued its own currency during the Revolution because it had to. With federal monetary authority collapsed and Villista forces controlling much of the north, state and municipal governments printed their own paper to keep commerce moving. The S530 series was part of a flood of regional emissions between 1913 and 1915, many of which were repudiated outright once Carrancista authority consolidated — leaving large quantities unredeemed and surviving in quantity today.

Condition varies sharply within this series due to uneven paper stock and inconsistent inking at the time of printing.