5 Pesos El Banco de Zacatecas

El Banco de Zacatecas was one of the early concession banks authorized under Mexico's 1897 Ley General de Instituciones de Crédito, though this series predates that legislation — the bank had been operating under an earlier state concession. The American Bank Note Company held a near-monopoly on Mexican provincial bank printing during this period, supplying plates to dozens of institutions simultaneously, which is why notes from Zacatecas, Chihuahua, and Jalisco can feel visually interchangeable despite belonging to entirely different issuers.

Circulation ended with the revolutionary decree of 1914 that nationalized and suppressed Mexico's private banking system. Unredeemed notes from Zacatecas were never honored afterward.