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20 Pesos El Banco del Estado de Chihuahua

Issuer El Banco del Estado de Chihuahua
Year 1913
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Currency Peso (1913-1915)
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Obverse description Central intaglio-printed vignette of a horse-drawn grain harvest in progress, with workers and multiple horses pulling agricultural machinery across an open field. Large ornate guilloche numerals '20' flank the vignette on both left and right, with intricate lathe-work borders and a multicolour underprint in purple and brown. The bank title 'EL BANCO DEL ESTADO DE CHIHUAHUA' appears in bold lettering across the top, with the denomination 'VEINTE PESOS VALOR ORO NACIONAL' in a decorative panel at the foot, and three signature lines labelled INTERVENTOR DEL GOBIERNO, CAJERO, and GERENTE below.
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Reverse description Printed entirely in orange-brown ink, the reverse centres on a circular medallion containing the Mexican national eagle perched on a cactus, grasping a serpent in its beak, surrounded by a laurel wreath. Large guilloche numerals '20' appear to the left and right of the central medallion, all set within an elaborate symmetric lathe-work frame of interlocking rosettes and scroll borders. The bank name 'BANCO DEL ESTADO DE CHIHUAHUA' is inscribed in a rectangular panel at the foot of the design.
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El Banco del Estado de Chihuahua was a state bank operating under the Porfirian banking system, but by 1913 that system was effectively finished. The Revolution had fractured federal authority, and Chihuahua was Villista territory — Pancho Villa's División del Norte controlled the region and had every incentive to keep paper money circulating to fund operations. Notes from this bank issued in 1913 were caught directly in that transition, used alongside a proliferating mass of revolutionary scrip of wildly uneven backing.

The American Bank Note Company plate work predates the political collapse — ABNC had printed for the bank under calmer conditions.

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