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500 Pesos El Banco Nacional de Mexico
| Issuer | El Banco Nacional de Mexico |
|---|---|
| Year | 1885-1913 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1863-1992) |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | El Banco Nacional de Mexico México Série No Pagará A la vista al portador en efectivo 500 Quinientos Pesos Consejero Cajero Interventor del Gobierno Compañia Americana de Billetes de Banco Nueva York (Translation: National Bank of Mexico / Mexico / Series / No. / Will pay / At bearer's sight in cash / 500 / Five Hundred Pesos / Councillor / Cashier / Government Comptroller / American Bank Note Company New York) |
| Reverse description | Log in to see details |
| Reverse lettering | Banco Nacional de Mexico 500 American Bank Note Company, New York Billete Sin Valor (Translation: National Bank of Mexico / 500 / American Bank Note Company, New York / Valueless Note) |
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| Comments |
El Banco Nacional de México was formed in 1884 from the merger of the Banco Nacional Mexicano and the Banco Mercantil Mexicano, and immediately received a federally backed concession granting it privileges no other Mexican bank could match — including the exclusive right to issue notes accepted for tax payments nationwide. That concession made its high-denomination paper genuinely useful to commercial and government interests in a way that rival state banks' issues were not.
The 500 Peso denomination was effectively a wholesale instrument. At a time when an unskilled laborer in Mexico might earn less than a peso per day, notes at this face value moved between merchants, mines, and government accounts rather than across market counters. Genuine circulation wear on examples of this denomination is correspondingly rare.
ABNC printed across a date range of nearly three decades, which means plate wear and successive printings are worth examining closely on any example.