5 Centavos

Aguascalientes issued copper emergency coinage in 1915 under the pressures of the Mexican Revolution, when the Constitutionalist forces under Carranza had disrupted federal minting operations so thoroughly that individual states were compelled to produce their own currency to keep local commerce functioning. These state issues were explicitly provisional — intended to circulate only within the issuing state and redeemable once central authority was restored.

Many were never redeemed. The Carranza government's 1916 demonetization of revolutionary-era state issues left holders with worthless copper, which is precisely why so many survivors show minimal circulation wear.