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5 Pesos Banco Mercantil de Veracruz
| Issuer | Banco Mercantil de Veracruz |
|---|---|
| Year | 1898-1910 |
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| Composition | Log in to see details |
| Size | 181 x 79 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 5 Veracruz, Marzo 15 de 1898 Nº 11646 El BANCO MERCANTIL de VERACRUZ PAGARÁ AL PORTADOR CINCO PESOS EN LA CIUDAD DE VERACRUZ Á LA VISTA, EN EFECTIVO INTERVENTOR DEL GOBIERNO GERENTE CONSEJERO AMERICAN BANK NOTE COMPANY, NEW YORK (Translation: Veracruz, March 15th., 1898 The Merchant Bank of Veracruz will pay to bearer five Pesos at Veracruz city, at sight, in cash. Government Auditor, Manager, Counselor.) |
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| Reverse lettering | EL BANCO 5 MERCANTIL DE VERACRUZ AMERICAN BANK NOTE COMPANY, NEW YORK (Translation: Merchant Bank of Veracruz) |
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| Comments |
The Banco Mercantil de Veracruz operated under the 1897 Ley General de Instituciones de Crédito, which granted concessions to state-chartered banks but kept the Banco Nacional de México and the Banco de Londres y México as the only institutions with nationwide circulation rights. Notes from Veracruz-chartered banks like this one were theoretically restricted in where they could be spent — a practical limitation that shaped how much paper actually moved beyond the port city.
The American Bank Note Company produced the plates, as it did for most Mexican state banks of the period. ABNC work for Mexican concession banks was generally consistent in quality; the more useful distinction is that the Banco Mercantil de Veracruz was among the smaller regional issuers, and its notes were rendered obsolete when Huerta's government nationalized and liquidated the state banking system after 1913.