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20 Centavos Hdas. de S. Miguel Solis y Anexas

Issuer Haciendas de San Miguel Solís y Anexas
Year 1915
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Composition Paper
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Obverse lettering Hdas. de S. Miguel, Solis y Anexas Estado de Mexico Vale al portador por 20 centavos
(Translation: Hacienda de San Miguel, Solís y Anexas State of Mexico Value to bearer of 20 centavos)
Reverse description Blue intaglio print on plain paper. The central oval vignette presents an engraved view of the Hacienda de San Miguel, its long arcaded facade with arched doorways and an ornate baroque-style entrance gate visible to the right, set against a mountainous landscape. Fine lathe-work guilloche borders run along the top and bottom margins, with ornamental spirograph corner devices incorporating blank medallion circles at each corner.
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Comments

Hacienda scrip from the 1910–1920 Mexican Revolution period fills a genuine gap in the historical record — with the national banking system effectively collapsed by 1914 and Carrancista decree making most commercial paper worthless, large agricultural estates across Mexico began issuing their own vales de raya to pay workers and control local exchange. San Miguel Solís, a hacienda complex in the State of Mexico, was no exception.

The ABNC contract is the detail worth noting. Most hacienda scrip from this period was crudely lithographed locally or rubber-stamped onto card. Commissioning New York-engraved notes suggests the estate owners had both the resources and the connections to do this properly — and the intent to make forgery genuinely difficult.

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