Currency of the Banco del Estado de Mexico

M404, from the San Dimas Collection

one peso

Prior to the Revolution, banks were not permitted to issue notes of less than five pesos face value. This restriction was relaxed after the Huerta regime looted the banks of their bullion. Even so, this type is fairly scarce for this denomination compared to other banks.

Recorded issue: unknown.

Catalog reference: Frampton M404, 150 x 70 mm.

two pesos

M405, from the San Dimas Collection

Prior to the Revolution, banks were not permitted to issue notes of less than five pesos face value. This restriction was relaxed after the Huerta regime looted the banks of their bullion. Even so, this type is fairly scarce for this denomination compared to other banks. Remainders exist.

Recorded issue: unknown.

Catalog reference: Frampton M405, 150 x 70 mm.

five pesos

M396c, from the San Dimas Collection

M396d, from the San Dimas Collection

note Morelia overprint

Frampton, et al., note various issues of this note dated 1897-1912 along with overprints from Morelia (Fr M397d, shown here) and Oaxaca (M396e). The first specimen is dated 1909, the second 1912. This type is somewhat common in circulated condition altho the Oaxaca overprint is scarce.

Recorded issue: unknown.

Catalog reference: Frampton M396c, M396d, 184 x 82 mm.

ten pesos

Heritage sale 3514, lot 18256

image courtesy Heritage Auction Galleries

another M397c, from the San Dimas Collection

This specimen was sold in Heritage sale 3514 (Long Beach, CA, September 2011) for $172.50. The catalog description noted, "Mexico El Banco Del Estado De Mexico 10 Pesos 7.1.1911 This number is not priced above XF in either Krause or Frampton. The net grade is for glue which is minor. PMG About Uncirculated 50 Net." Frampton, et al., note various issues of this note dated 1898-1912 along with an overprint from Morelia (Fr M397d). This type is somewhat common in circulated condition.

Recorded issue: unknown.

Catalog reference: Pick S330c, Frampton M397c.

twenty pesos

M398c, from the San Dimas Collection

Frampton, et al., note various issues of this note dated 1898-1912 along with an overprint from Morelia (Fr M398d). This type is somewhat scarce in circulated condition.

Recorded issue: unknown.

Catalog reference: Frampton M398c, 184 x 82 mm.

fifty pesos

M399c, from the San Dimas Collection

Frampton, et al., note various issues of this note dated 1898-1912 along with an overprint from Morelia (Fr M399d). This type is scarce in all grades.

Recorded issue: unknown.

Catalog reference: Frampton M399c, 184 x 82 mm.

Source:

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

Links:

• return to Currency of Mexican private banks, to 1915
• Coins and currency dated 1911