Catalog
10 Pesos
| Issuer | Banco de Londres Mexico y Sud America |
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| Year | |
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| Reference(s) | P#S262 |
| Obverse description | The obverse is printed in red-orange with a green large-letter guilloche underprint reading 'DIEZ' across the centre, overlaid by a red overprint cartouche inscribed 'DIEZ PESOS'. The bank title 'BANCO DE LONDRES MEXICO Y SUD AMERICA' runs along the top, with the serial number 'N°2' repeated at upper left and right, and '$10' at each lateral corner. A standing classical female figure appears as a vignette at the left, a royal coat of arms at the upper centre, and an agricultural harvest scene at the lower right; the lower margin carries the imprint 'LONDON BANK OF MEXICO & SOUTH AMERICA LIMITED' with a manuscript Director signature below. |
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| Obverse lettering | BANCO DE LONDRES MEXICO Y SUD AMERICA N° 2 $10 DIEZ PESOS LONDON BANK OF MEXICO & SOUTH AMERICA LIMITED Director |
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| Comments |
The Banco de Londres México y Sud América was the first chartered bank to operate in Mexico, established in 1864 under Maximilian's imperial government and later reconstituted under the restored republic. Its early note issues depended entirely on American Bank Note Company plates — a common arrangement for Latin American banks of the period but one that created practical problems when political tensions made cross-border shipments unreliable.
The S-prefix in the Pick reference places this in the specialized Mexican private bank series, most of which had collapsed or been absorbed by 1884 following the Ley General de Instituciones de Crédito. Surviving examples from this bank are considerably scarcer than catalog frequency suggests — large quantities were formally retired and incinerated rather than worn out in circulation.