2 Pesos

The Banco de México was only established in 1925, making this 1930 note part of the institution's earliest years of operation — a period when the government was still consolidating central banking authority and phasing out the note-issuing rights of private and regional banks that had fragmented Mexican currency for decades. The American Bank Note Company in New York handled printing throughout much of this formative period, a common arrangement for Latin American central banks that lacked domestic intaglio infrastructure.

The P#59 series is scarce in circulated grades because low-denomination notes of this era were heavily used and rarely preserved.