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50 Pesos República Mexicana - Gobierno Constitucionalista

Issuer Gobierno Constitucionalista de México
Year 1915
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Value 50 Pesos (50 MXP)
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Obverse description Black intaglio print over a multicolor geometric guilloche underprint, with red serial numbers at upper left and lower right. Denomination numerals appear in all four corners, flanking a central vignette of the interior of the Government Palace in Querétaro, Mexico. The word value is repeated on both sides of the central vignette above the decorative underprint.
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Reverse lettering REPÚBLICA MEXICANA ESTE BILLETE CIRCULARÁ CONFORME AL DECRETO DE 21 DE JULIO DE 1915
(Translation: Mexican Republic This note will circulate according to the Decree of July 21, 1915.)
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Comments

The Constitutionalist government under Carranza issued an enormous volume of paper currency between 1913 and 1917, much of it printed in the United States while the revolutionary factions were still fighting for control of the country. American Bank Note Company handled several of these contracts, which gave the notes a finished, professional appearance that the makeshift emissions of rival factions — the villistas and zapatistas printing locally on whatever was available — conspicuously lacked. That polish was partly political: Carranza needed foreign recognition and credibility.

By 1916, rampant oversupply had rendered most Constitutionalist paper nearly worthless, and the 1917 Constitution paved the way for a unified monetary system that retired these notes.

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