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2 Pesos El Banco del Estado de Mexico
| Issuer | El Banco del Estado de Mexico |
|---|---|
| Year | 1914 |
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| Currency | Peso (1915-1916) |
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| Obverse description | Black intaglio print on pale underprint. A central oval vignette frames a bust portrait of a cleric in three-quarter view, surrounded by intricate guilloche latticework and scroll ornamentation. The bank title EL BANCO DEL ESTADO DE MEXICO arches across the upper margin, with the place of issue TOLUCA to the left, denomination DOS PESOS repeated at lower left and lower right, date at upper right, series letters N.O. in red at both lower corners, and the promise-to-pay clause A LA VISTA AL PORTADOR EN EFECTIVO inscribed on a panel beneath the portrait; three manuscript signatures appear along the lower margin above the imprint of the American Book & Printing Co., Mex. D.F. |
|---|---|
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| Reverse description | Printed entirely in red on plain paper. A central circular vignette contains a panoramic landscape view of a fortified hill or mesa, encircled by the bank title EL BANCO DEL ESTADO DE MEXICO and DE MEXICO across the lower arc. Bold numeral 2 denominators appear at left and right within elaborate guilloche cornerpieces and foliate border ornaments. A circular black official seal of the Secretaría de Hacienda / Banco del Estado de Mexico is applied at upper left, alongside an affixed revenue stamp. |
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| Comments |
El Banco del Estado de Mexico was one of several state-chartered banks operating under the 1897 Ley General de Instituciones de Crédito, a regulatory framework that began collapsing almost immediately once the Revolution destabilized federal authority. By 1914, Carrancista forces had effectively suspended most state bank operations, and notes from this period exist in a legal grey zone — technically valid obligations of an institution that was simultaneously being shut down by military decree.
The American Bank Note Company maintained a Mexico City office during this period, and plates for several Mexican state bank issues were printed locally rather than shipped from New York. The revenue stamp on this example reflects the short-lived requirement that circulating notes be fiscally registered, a measure that was neither consistently enforced nor long-lived.