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20 Pesos El Estado Libre y Soberano de Sinaloa

Issuer State of Sinaloa
Year 1915
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Reference(s) P#S1046
Obverse description Black letterpress print on yellow underprint with red and blue serial numbers. At left, a laureate bust of Benito Juárez is flanked by a topless allegorical female figure bearing a sword; at right, a bust of Francisco I. Madero is set within an oak wreath. The overall layout is symmetrical, with the denomination and issuing authority inscriptions centered between the two portrait vignettes.
Obverse lettering EL ESTADO LIBRE Y SOBERANO DE SINALOA PAGARÁ EL PORTADOR EN EFECTIVO VEINTE PESOS CONFORME AL DECRETO FECHA 22 DE FEBRERO 1914 SAN BLAS, SIN.
(Translation: The Free and Sovereign State of Sinaloa will pay the bearer in cash Twenty Pesos conforming to the decree dated 22 February 1914. San Blas, Sinaloa)
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Comments

Sinaloa's 1915 emergency emissions came out of the chaotic period when revolutionary factions were still fighting over who actually controlled northern Mexico. Individual states and military commanders issued their own paper because Constitutionalist federal supply lines were unreliable and troops needed to be paid. The S1046 belongs to that flood of provisional state issues — many of which were repudiated, counterfeited, or simply refused by merchants within months of printing.

Sinaloa issues from this period are frequently found with cancellation punches or manuscript invalidations, suggesting a high proportion of survivors were pulled from circulation rather than worn out through use.