Catalog
10 Pesos El Banco Mercantil de Monterrey
| Issuer | El Banco Mercantil de Monterrey |
|---|---|
| Year | 1900-1911 |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | El Banco Mercantil de Monterrey México, Pagará á la vista al portador Diez Pesos en moneda corriente del cuño Mexicano. (Translation: The Merchant Bank of Monterrey Mexico, will pay to the bearer Ten Pesos in current Mexican coin.) |
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| Reverse lettering | El Banco Mercantil de Monterrey American Bank Note Company, New York. (Translation: The Merchant Bank of Monterrey) |
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| Comments |
El Banco Mercantil de Monterrey was one of the handful of regional banks licensed under Mexico's 1897 Ley General de Instituciones de Crédito, which allowed state-chartered banks to issue their own currency — a privilege that ended abruptly when Carranza's revolutionary government nationalized and liquidated the concession banks between 1913 and 1916. Notes of this series were effectively demonetized and became worthless almost overnight, leaving substantial quantities unissued in vaults.
ABNC printed for dozens of Latin American clients during this period, and the Monterrey plates share production characteristics with several contemporary Mexican provincial issues.