50 Centavos La Tesoreria General del Estado de Sinaloa

Sinaloa's state treasury began issuing fractional paper money in 1914 out of necessity — the Mexican Revolution had driven silver coinage out of circulation almost entirely, hoarded or melted, leaving commerce in the northwest without a medium for small transactions. These state-level emissions were legally shaky; the federal government never formally sanctioned them, and many were repudiated within months by competing revolutionary factions controlling the region.

Díaz de León e Hijos was one of Mexico City's most established printing houses, which makes their involvement here unusual — most state emergency issues of this period were run off on whatever local press was available. The print quality reflects it: this is a notably better-produced fractional note than comparable 1914 emissions from neighboring states.