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5 Pesos El Estado de Chihuahua
| Issuer | State of Chihuahua |
|---|---|
| Year | 1914 |
| Type | Local banknote |
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| Obverse description | Printed in black and pink with red serial numbers, the obverse carries portrait vignettes of Francisco I. Madero at left and Abraham González at right, framing the central text block. The denomination CINCO PESOS appears in bold lettering, with the full decree inscription arranged across the face of the note. An underprint in pink guilloche provides background ornamentation throughout the design. |
|---|---|
| Obverse lettering | EL ESTADO DE CHIHUAHUA PAGARA AL PORTADOR EN EFECTIVO CINCO PESOS, CONFORME AL DECRETO MILITAR DE FECHA 10 DE FEBRERO DE 1914 CHIHUAHUA, CHIHUAHUA, MEXICO. CINCO PESOS (Translation: The State of Chihuahua will pay to the bearer in cash Five Pesos according to the military decree dated 10 February 1914) |
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| Comments |
Chihuahua's revolutionary government issued an enormous volume of paper money during 1913–1914 to fund Pancho Villa's División del Norte, and this note is part of that flood. The state effectively operated as an independent financial entity during this period, with Governor Manuel Chao and later Villa himself controlling the presses. Two printers contributed to the series — Maverick-Clarke in San Antonio and Norris Peters in Washington — and distinguishing their outputs requires close examination of the lithographic quality and plate details.
Counterfeiting of Chihuahua revolutionary notes was rampant, complicating acceptance even within Mexico. Villa eventually backed his currency with cattle confiscated from haciendas.