5 Centavos Estado de Jalisco

Jalisco's Dirección General de Rentas stepped into note issuance in 1915 out of sheer necessity — the revolutionary period had so thoroughly disrupted the national money supply that state revenue offices, municipalities, and even individual businesses across Mexico began printing their own fractional currency. The centavo denominations were particularly critical; silver had vanished from circulation almost entirely, hoarded or melted, and small transactions had become genuinely difficult to conduct.

Printed locally in Guadalajara, this is fiscal emergency paper, not banking paper — a distinction that mattered legally and practically at the time.