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50 Pesos Obligación Provisional del Erario Federal
| Issuer | Tesorería de la Federación, México |
|---|---|
| Year | 1914 |
| Type | Local banknote |
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| Obverse description | Black letterpress text on an orange guilloche underprint, with a red serial number and a red official seal at right. To the left, the Mexican national arms vignette shows an eagle perched atop a cactus, clutching a serpent in its beak. The note carries the series letter D in red and is dated Mexico, July 25, 1914, with printed signature lines for the Tesorero and Subtesorero Contador. |
|---|---|
| Obverse lettering | ESTADOS UNIDOS MEXICOS Obligacion Provisional del Erario Federal Letra D La tesoreria de la Federacion pagara al portador $50.00 (CINCUENTA PESOS) Esta Obligación está garantizada con Bonos del Tesoro Federal, amortizables en oro mexicano, 6% - 1914 - 10 años, por cantidad igual a su valor, conforme al Decreto de 6 del corriente y será amortizable en los términos que dicho Decreto dispone. México, julio 25 de 1914. El Tesorero, El Subtesorero Contador (Translation: United States of Mexico Provisional Obligation of the Federal Treasury The treasury of the Federation will pay the bearer $50.00 (FIFTY PESOS) This obligation is guaranteed with Federal Treasury bonds redeemable in Mexican gold, 6%-1914-10 years, for an amount equal to its value, in accordance with the decree of 6 of the current and will be redeemable in the terms that said Decree provides. Mexico July 25, 1914.) |
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| Comments |
The Obligaciones Provisionales del Erario Federal were authorized by Victoriano Huerta's government in early 1914 as the regime's finances collapsed under the strain of the Revolution. Printed domestically by the Oficina del Gobierno in Mexico City rather than abroad, they reflect the practical impossibility of contracting foreign security printers during active military insurrection. The Constitutionalist forces under Carranza explicitly refused to recognize Huerta's paper, meaning these notes were rejected across large portions of the country from the moment of issue.
Huerta fell in July 1914, and redemption of these obligations was never seriously organized. The series is catalogued under the Tesorería de la Federación rather than any central bank, underscoring their emergency fiscal character rather than formal monetary issuance.