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10 Pesos Ejército Constitucionalista de México

Issuer Ejército Constitucionalista de México (State of Chihuahua)
Year 1914
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Composition Paper
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Obverse description Black letterpress print on a yellow underprint, with a red serial number. The central vignette presents the Mexican national arms — an eagle with a serpent in its beak perched atop a cactus, set against a background evoking Lake Texcoco with the volcanic peaks of Popocatépetl and Ixtaccíhuatl. Text panels surround the vignette bearing the issuing authority, denomination, and decree date.
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Reverse lettering Este billete circulará de acuerdo con el decreto de 12 de Febrero de 1914
(Translation: This bill will circulate in accordance with the decree of February 12, 1914)
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Comments

The Ejército Constitucionalista notes issued under Venustiano Carranza's authority in Chihuahua during 1914 were a product of acute military necessity. Carranza's forces had virtually no access to specie and no functioning federal banking structure — the rival Huerta government in Mexico City controlled that apparatus. These notes were printed locally under field conditions to pay troops and procure supplies during the campaign against Huerta.

The S-prefix in the Pick reference reflects its classification as a revolutionary provisional issue, not a formally chartered bank emission. Acceptance was essentially coerced in territories under Constitucionalista control, and the notes circulated alongside a bewildering variety of competing revolutionary scrip from Villista, Zapatista, and other factions — a situation that collapsed into near-total paper currency chaos by 1915.

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