Currency of the Banco Nacional de Mexico

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image courtesy Stack's
Veracruz

1882 one peso

The specimen shown is a one peso note issued in 1882 by the Banco Nacional de Mexico and overprinted for Veracruz. It is very rare. Soon after, the issue of notes smaller than five pesos was prohibited.

Catalog reference: Frampton M307c.

1885 peso

M296f and M296j, Heritage sale 3519, lot 17549
image courtesy Heritage Auction Galleries
M296j, San Luis Potosí overprint, from the San Dimas Collection
Mexico 1885 peso M296j rev JS.jpg

These specimens were sold in Heritage sale 3519 (Long Beach, CA, September 2012) for $___. The catalog description noted, "Mexico Banco Nacional de Mexico 1 Peso 1.1.1885 Notes. Overprinted and Roulette Punched "Guadalajara" Fine Overprinted and Roulette Punched "San Luis Potosí" Fine." Frampton, et al., note various issues of this note dated 1885-1913 along with numerous overprints (M296c thru M296l). The 1913 issue is very common but the 1880's issues are scarce to rare.

Catalog reference: Pick S255f, Frampton M296f (Guadalajara overprint); Pick S255i, Frampton M296j (San Luis Potosí overprint).

1889 peso

M296d, Chihuahua overprint, from the San Dimas Collection
Mexico 1889 peso M296d rev JS.jpg

This 1889 issue was overprinted for the bank's branch in Chihuahua. It is one of the more common overprints.

Catalog reference: Frampton M296d, 155 x 70 mm.

1913 peso

M296b, from the San Dimas Collection
Mexico 1913 peso M296b rev JS.jpg

This 1913 issue was issued in large quantities, President Huerta having relieved the bank of holding reserves of bullion. It may be the most common banco.

Catalog reference: Frampton M296b, 155 x 70 mm.

1913 two pesos

M297b, from the San Dimas Collection
Mexico 1913 2 pesos M297b rev JS.jpg

Just as two dollar notes were not popular in the United States, two peso notes were not popular in Mexico. This 1913 issue is one of the few that are common.

Catalog reference: Frampton M297b, 155 x 70 mm.

1890 five pesos

M298ba, Veracruz overprint, from the San Dimas Collection
Mexico 1890 5 pesos M298bf rev JS.jpg
close up of overprint

The specimen shown is a five pesos note issued in 1890 by the Banco Nacional de Mexico and overprinted for the branch in Veracruz. It is common. A Veracruz overprint dated 1902 is known. Frampton, et al., note dozens of overprints for this issue.

Catalog reference: Frampton M298h.

1902 five pesos

M298ba, Toluca overprint, from the San Dimas Collection
Mexico 1902 5 pesos M298ba rev JS.jpg

The specimen shown is a five pesos note issued in 1902 by the Banco Nacional de Mexico and overprinted for the branch in Toluca. It is common. Frampton, et al., note dozens of overprints for this issue.

Catalog reference: Frampton M298h.

1906 five pesos

M298h, Campeche overprint, from the San Dimas Collection
Mexico 1906 5 pesos M298h rev JS.jpg

The specimen shown is a five pesos note issued in 1906 by the Banco Nacional de Mexico and overprinted for the state of Campeche. It is common. Frampton, et al., note dozens of overprints for this issue.

Catalog reference: Frampton M298h.

1912 five pesos

M298c, from the San Dimas Collection
Mexico 1912 5 pesos M298c rev JS.jpg

The specimen shown is a five pesos note issued in 1912 by the Banco Nacional de Mexico. It is common. Frampton, et al., note dozens of overprints for this issue.

Catalog reference: Frampton M298h.

1902 10 pesos

M299as, Puebla overprint, from the San Dimas Collection
Mexico 1902 10 pesos M299as rev JS.jpg

This 1902 issue was issued by the Banco Nacional and overprinted for its branch in Puebla. While it is scarce compared to the very common 1913 ten pesos, it is not rare.

Catalog reference: Frampton M299as, 184 x 82 mm.

1913 10 pesos

M299e, from the San Dimas Collection
Mexico 1913 10 pesos M299e rev JS.jpg

This 1913 issue was issued in large quantities, President Huerta having relieved the bank of holding reserves of bullion. It may be the most common banco of this denomination.

Catalog reference: Frampton M299e, 184 x 82 mm.

1913 20 pesos

M300d, from the San Dimas Collection
Mexico 1913 20 pesos M300d rev JS.jpg

This 1913 issue was issued in large quantities, President Huerta having relieved the bank of holding reserves of bullion. It may be the most common banco of this denomination.

Catalog reference: Frampton M300d, 184 x 82 mm.

1912 50 pesos

M301d, from the San Dimas Collection
Mexico 1912 50 pesos M301d rev JS.jpg
Mexico 1912 50 pesos M301d vignette JS.jpg

This 1912 issue was issued in substantial quantities, President Huerta having relieved the bank of holding reserves of bullion. It may be the most common banco of this denomination. Even so, it is twice the price of a twenty pesos (M300) and triple the price of a ten pesos (M299).

Catalog reference: Frampton M300d, 184 x 82 mm.

1909 one hundred pesos

Heritage sale 3514, lot 18251
image courtesy Heritage Auction Galleries

This specimen was sold in Heritage sale 3514 (Long Beach, CA, September 2011) for $287.50. The catalog description noted, "Mexico El Banco Nacional De Mexico 100 Pesos 1.9.1909 An issued design that is very elusive above Fine. PMG Very Fine 30." Frampton, et al., note various issues of this note dated 1885-1911 along with numerous overprints (M302e thru M302w). This is the most common issue yet it is still expensive.

Recorded issue: unknown.

Catalog reference: Pick S261d, Frampton M302d.

Source:

  • Frampton, Cory, Duane Douglas, Alberto Hidalgo and Elmer Powell, Mexican Paper Money, 2010 Edition, Carefree, AZ: Mexican Coin Co., 2010.

Links:

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