1 Peso El Estado de Chihuahua

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.