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1 Peso ESTADO DE MORELOS

Issuer Estado de Morelos (State of Morelos)
Year 1915
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Value 1 Perso
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Obverse description Plain black letterpress print on unadorned cardstock. The central text reads VALE UN PESO in bold capitals, followed by the forced-circulation legend in smaller type. The entire design is typeset without vignette or decorative border, reflecting the emergency issue nature of this wartime scrip.
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Reverse description Plain black letterpress print on worn cardstock. The word NUMERO appears in large bold type at upper left, accompanied to the right by a redemption notice in smaller script-style type. A printer's imprint appears at the lower left margin.
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Comments

Morelos was Emiliano Zapata's home state and the operational heart of the Ejército Libertador del Sur throughout the Revolution. These small-format cardstock notes were emergency emissions produced locally by the state government press while federal banking infrastructure had effectively collapsed — the Zapatista movement ran a parallel economy across the south, and Morelos-issued currency was part of that apparatus whether or not it bore his name directly.

Cardstock construction made these far more vulnerable to wear than cotton-fiber notes, and the surviving population reflects it.

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