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50 Pesos El Banco de Hidalgo
| Issuer | Banco de Hidalgo |
|---|---|
| Year | 1902-1914 |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Black intaglio print over green and yellow guilloche underprint with red serial numbers. At left, a portrait vignette of Pedro Romero de Terreros; at right, a vignette of miners at work in an outdoor setting. Denomination and obligation text appear in the central panel. |
|---|---|
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| Reverse lettering | BANCO DE HIDALGO (Translation: Bank of Hidalgo) |
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| Comments |
Banco de Hidalgo was one of the regional banks chartered under Mexico's 1897 Ley General de Instituciones de Crédito, which allowed individual states to issue their own currency — a system that produced dozens of distinct note-issuing banks operating simultaneously across the republic. Hidalgo's bank was headquartered in Pachuca, a silver-mining center, and its notes circulated primarily within state borders rather than nationally.
The American Bank Note Company held contracts with the majority of these Mexican state banks during this period, printing notes that were often structurally identical in design architecture but differentiated by color and text. The whole system collapsed when Carranza's revolutionary government abolished the old banking concessions in 1916 and demonetized the notes.