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10 Centavos La Tesoreria de la Federacion, Saltillo

Issuer Tesoreria de la Federacion, Saltillo (State of Coahuila)
Year 1914
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In circulation to 8 December 1914
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Obverse lettering No. 46197 LA TESORERIA DE LA FEDERACION PAGARA DIEZ CENTAVOS A LA VISTA EN MONEDA DE CUNO MEXICANO SALTILLO, COAH. ENERO 27 DE 1914 El jefe de las armas El gobernador del estado El jefe Hacienda Serie F - Q
(Translation: The Treasury of the Federation will pay Ten Cents on sight in Mexican coin Saltillo, Coahuila, January 27 of 1914 The Chief of Arms, The Governor of the State, The Chief of Finance)
Reverse description Printed entirely in red, the reverse is dominated by a large horizontal oval vignette at center containing a detailed view of a mining camp, with headframes, ore processing structures, and various outbuildings set against a hillside landscape. The oval vignette is enclosed within a scalloped decorative border that frames the entire note.
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Comments

The Saltillo issues of 1914 came out of one of the most chaotic episodes in Mexican monetary history. With the Constitutionalist forces under Carranza controlling Coahuila and the federal banking system effectively paralyzed by revolutionary disruption, regional treasury offices began printing their own fractional notes to address a near-total collapse in small-denomination currency availability. The Tesorería de la Federación in Saltillo was operating under Constitutionalist authority — these were not insurgent scrip but quasi-official emissions from a government that considered itself the legitimate successor to Huerta's regime.

The S-prefix in the Pick reference places this squarely among the specialized regional revolutionary issues, a category notorious for condition problems caused by rough handling and the acidic paper stocks used under wartime printing constraints.

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