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5 Pesos El Estado de Chihuahua
| Issuer | State of Chihuahua |
|---|---|
| Year | 1915 |
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| Currency | Peso (1913-1915) |
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| Obverse description | Printed in black and pink with red serial numbers; a portrait vignette of Francisco I. Madero appears at left and a portrait of Abraham González Casavantes at right. The face carries a guilloche underprint in pink with text inscriptions running across the note. |
|---|---|
| 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 was one of the most prolific state-level issuers during the revolutionary period, and by 1915 the peso system had fractured badly enough that locally issued paper was essential to keep commerce moving in the north. The Villista forces under Pancho Villa controlled Chihuahua through most of this period, and state currency circulated alongside — and often in competition with — a bewildering array of other revolutionary emissions, many of which were mutually refused at point of sale.
The S532A designation places this within a broader Chihuahua series that collectors have spent decades untangling, complicated by multiple authorized printings, unofficial copies, and outright counterfeits produced during the period itself. Contemporary faking was a genuine problem, not a retrospective concern.