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100 Pesos República Mexicana - Gobierno Constitucionalista

Issuer Gobierno Constitucionalista de México
Year 1915
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Reference(s) P#S689
Obverse description Dark green intaglio print over a multicolor underprint; the central vignette presents a view of La Iglesia (the Church) at Chichén Itzá, engraved by Edwin Gunn. The denomination and issuing authority are rendered in bold letterpress across the upper and lower margins.
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Reverse lettering REPÚBLICA MEXICANA ESTE BILLETE CIRCULARÁ CONFORME AL DECRETO DE 21 DE JULIO DE 1915
(Translation: Mexican Republic This note will circulate according to the Decree of July 21, 1915.)
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Comments

The Constitutionalist government under Carranza printed enormous quantities of paper currency between 1913 and 1917, flooding a country already drowning in competing revolutionary emissions from Villista, Zapatista, and federal sources. By 1915 the public had largely stopped accepting any paper at face value — these notes often circulated at steep discounts, if at all, and merchants in some regions refused them outright regardless of issuer.

Edwin Gunn was a senior engraver at ABNC responsible for some of the firm's most technically accomplished Mexican work of the period. The S689 assignment to New York was a deliberate political signal: Carranza wanted internationally credible printing to distinguish his emissions from the rough domestic presswork of his rivals.

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