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10 Pesos El Estado de Chihuahua
| Issuer | State of Chihuahua |
|---|---|
| Year | 1915 |
| Type | Log in to see details |
| Value | 10 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Printed in black and yellow with red serial numbers, the obverse carries portrait vignettes of Francisco I. Madero at the left and Abraham González Casavantes at the right. The central field bears the denomination text and issuing authority inscription, with the overall design executed in a letterpress style typical of Mexican revolutionary-era emergency issues. |
|---|---|
| Obverse lettering | EL ESTADO DE CHIHUAHUA PAGARA AL PORTADOR, EN EFECTIVO DIEZ PESOS, CONFORME AL DECRETO MILITAR DE FECHA 10 DE FEBRERO DE 1914 CHIHUAHUA, CHIHUAHUA, MEXICO. DIEZ PESOS (Translation: The State of Chihuahua will pay to the bearer in cash Ten Pesos according to the military decree dated 10 February 1914) |
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| Comments |
Chihuahua's wartime paper issues of 1915 came out of a period when the state, under Villista control, was effectively operating as an autonomous financial zone. The federal government in Mexico City had no meaningful authority here, and local commanders were authorizing currency to pay troops and sustain commerce — making this more a military logistics instrument than a conventional banknote.
The S535 series is documented as having been printed locally under extremely rudimentary conditions, which accounts for the variable print registration and paper inconsistencies collectors regularly encounter across surviving examples. Counterfeits circulated almost immediately, a problem serious enough that the issuing authority issued revocation notices within months.