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50 Centavos Estado Libre y Soberano de Mexico

Issuer Estado Libre y Soberano de Mexico
Year 1915
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Value 50 Centavos (0.50)
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Obverse lettering Pagara al portador El jefe del departamento de caja del Estado libre y soberano de Mexico 50 cincuenta centavos En Toluca o en las oficinas recaudadoras en el estado TOLUCA ESCUELA DE ARTES.
(Translation: Pay to the bearer The head of the accounting department of the Free and Sovereign State of Mexico 50 Fifty Centavos In Toluca or in the collection offices in the state)
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Reverse lettering Este billete es de circulacion forzo- sa, por estar garantizado su importe, conforme al decreto num 4 de 1º. de Marzo 1915
(Translation: This ticket is of forced circulation, as its amount is guaranteed, in accordance with decree number 4 of 1st of March 1915)
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Comments

The "Estado Libre y Soberano" issues of 1915 emerged from the near-total collapse of centralized monetary authority during the Mexican Revolution. With Constitutionalist and Conventionist factions each printing their own competing currency, individual states stepped in to fill the vacuum — Guerrero, Oaxaca, and others produced emergency fractional notes that were often rejected outright by merchants in neighboring territories.

The S-prefix in the Pick reference signals this is catalogued among the Mexican revolutionary state issues, a notoriously complex group where forgeries and contemporary counterfeits both circulated freely alongside genuine examples.

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