Catalog
1 Peso El Imperio Mexicano
| Issuer | El Imperio Mexicano (Mexican Empire) |
|---|---|
| Year | 1823 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular (hand cut) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | UN PESO EL IMPERIO MEXICANO promete pagar esta cantidad de UN PESO con arreglo al Decreto de 20 de Diciembre de 1822, sobre este asunto. México 1 de Enero de 1823 (Translation: ONE PESO THE MEXICAN EMPIRE promise to pay this amount of ONE PESO, according to the Decree of December 20, 1822, on this matter. Mexico January 1, 1823) |
| Reverse description | Blank. |
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| Comments |
Mexico's first domestic paper currency, issued under Agustín de Iturbide's short-lived empire in the months before his forced abdication in March 1823. The notes were authorized as part of a desperate attempt to stabilize imperial finances that had been in crisis almost from the moment independence was declared — customs revenues were collapsing and the new government had no established credit.
Iturbide abdicated before the emission could have any meaningful monetary effect. The empire was dissolved, and most of these notes were never redeemed. Pick 1 by default — there was simply nothing before it.