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5 Pesos El Estado Libre y Soberano de Sinaloa

Issuer El Estado Libre y Soberano de Sinaloa
Year 1915
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Value 5 Pesos
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Obverse description Black letterpress on an orange underprint with red serial numbers. At the left margin, a laureate portrait bust of Benito Juárez is paired with a topless allegorical female figure bearing a sword, while a wreathed bust of Francisco I. Madero occupies the right. The central text block carries the denomination and the decree legend in bold letterpress.
Obverse lettering EL ESTADO LIBRE Y SOBERANO DE SINALOA PAGARÁ EL PORTADOR EN EFECTIVO CINCO PESOS CONFORME AL DECRETO FECHA 22 DE FEBRERO 1914 SAN BLAS, SIN.
(Translation: The Free and Sovereign State of Sinaloa will pay the bearer in cash Five Pesos conforming to the decree dated 22 February 1914. San Blas, Sinaloa)
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Comments

Sinaloa's 1915 emission came out of the Constitutional forces' need to finance military operations during the Mexican Revolution, when individual states and regional commanders were issuing their own currency at a pace that made federal oversight essentially meaningless. Britton & Rey, a San Francisco lithography firm better known for maps and certificates, handled a surprising volume of Mexican revolutionary paper during this period — their California address made them accessible to northern Mexican factions with cross-border commercial ties.

The note circulated in a region where competing emissions from Sonora, Chihuahua, and Durango were simultaneously in play, creating chronic valuation confusion among merchants and soldiers alike.