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10 Pesos El Banco de Londres y Mexico
| Issuer | Banco de Londres y Mexico |
|---|---|
| Year | 1889-1913 |
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| Reference(s) | P#S234 |
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|---|---|
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| Reverse description | Dark brown intaglio. The central vignette presents the Mexican National Arms — an eagle perched on a cactus devouring a serpent, encircled by a laurel wreath — set within an intricate guilloche border. The inscriptions "LONDRES" and "Y MEXICO" appear in bold relief to the left and right of the central arms, with the denomination numeral "10" repeated in each corner. |
| Reverse lettering | BANCO DE LONDRES Y MEXICO |
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| Comments |
The Banco de Londres y México was the oldest commercial bank in Mexico, established in 1864 as a branch of the London Bank of Mexico and South America. It operated under successive concessions granted by the Díaz government and was one of only a handful of institutions legally authorized to issue circulating notes during the Porfiriato — a privilege fiercely guarded and periodically renegotiated.
The American Bank Note Company supplied the bulk of Mexico's private bank paper during this period, printing for multiple competing concession holders simultaneously. The 1913 cut-off date for this series aligns with the nationalization pressures and banking chaos that followed Huerta's coup and the onset of revolutionary currency collapse.