Catalog
10 Pesos La Tesoreria General del Estado
| Issuer | Tesoreria General del Estado de Yucatan |
|---|---|
| Year | 1916 |
| Type | Local banknote |
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| Obverse description | Black letterpress print on a yellow underprint, with red serial numbers. A central portrait vignette presents a bust of Francisco I. Madero, surrounded by ornamental guilloche work and the denomination expressed in text. Issuing authority and place-of-payment inscriptions frame the design. |
|---|---|
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| Reverse description | Printed entirely in orange, the reverse is dominated by a large central medallion enclosing the Mexican national arms — an eagle with spread wings perched on a cactus — ringed by a circular decree inscription. A red circular treasury seal appears to the left of center, while ornate guilloche borders and numeral denominators occupy the corners, with the legend ORO NACIONAL along the lower margin. |
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| Comments |
Yucatan's wartime monetary situation in 1916 was tangled. The state government, operating with considerable autonomy under Governor Salvador Alvarado, issued its own paper currency in defiance of competing factions flooding Mexico with worthless revolutionary scrip. Having the Parsons Trading Company in New York handle the printing was a deliberate choice — offshore production meant the plates and paper stock were beyond the reach of any rival faction that might seize local facilities.
Parsons was a commercial trading firm rather than a specialist security printer, which occasionally shows in the execution. The S1138 series circulated alongside several other Alvarado-era emissions, some of which were almost immediately counterfeited or repudiated in neighboring states.