Mexico State No. 4

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ColonialCoinsUK

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The quest towards a note from each of the Mexican States continues and I am now able to add Guerrero as State No.4, the list so far:-

1   Chihuahua
2   Tamaulipas
3   Veracruz
4   Guerrero

MCMex031-50P-S301s2-PMG66-F-crop.thumb.jpg.13ba136beddfc7ed7c7190e4e86950ba.jpgMCMex031-50P-S301s2-PMG66-B-crop.thumb.jpg.7d5557a752e63544615b6ac152bfbb28.jpg

Guerrero is in the southwest of Mexico and is named after Vicente Guerrero Saldana (the chap on the front) who, having joined the Mexican revolutionary forces in 1810, progressed to the rank of General with control of the southern forces. As a result he played a key role in Mexico gaining her independence from Spain in 1821 and went on to serve in the provisional government which was established in 1823 following Agustin de Iturbide's failed attempt at the introduction of a monarchy. Later on in 1829 he became President, with his most notable achievement being the abolishment of slavery in Mexico. This office proved shortlived as he was deposed by his vice president Anastasio Bustamante, subsequently captured and executed by firing squad in 1831.

My note is a 50 pesos, printed by the ABNC, for the Banco de Guerrero which is the only 'Banco' for the state which began operations in 1906 with its first branch in Iguala, My note is cancelled with a needle punched 'AMORTIZADO' and it seems to be common for the Guerrero issues that the tops of the letters are missing - I guess they couldn't be bothered to fix the punch.xD  It is a Series B note which was printed in 1914  and it appears that serial numbers 10001 to 14000 were issued yet the remainder of the run 140001 to 20000 was not, no doubt due to yet another revolutionary war. Liquidation of the bank, and many others, followed in 1921.

The back of the note is a scene overlooking the largest city and major port of Acapulco - which entered popular culture as the playground of the rich and famous and the only place I was aware of in the State, sadly, this appears to be no longer the case.:frown:

Examples of the 5, 10, 20 and even the 100 pesos notes are also available as remainders with issued notes being much more scarce, a 500 pesos issued note is a 'holy grail' item - anybody have one?

 

 

Standard Catalog of World Paper Money. Specialised Issues 12th Edition.
Mexican Paper Money 2017
Papermoneyofmexico.com (usmex.org)
Flag of Guerrero: https://commons.wikimedia.org/w/index.php?curid=7551425

 

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a 500 pesos issued note is a 'holy grail' item - anybody have one?

That's a big negative! xD The 500 pesos is a real looker but with such a low printing (I read 200?), it would probably be out of my budget. :pullhair:

It's always interesting to me that a great looking specimen, remainder, etc. can often be many multiples less than a really ratty note that was issued/circulated. I understand the attraction and the premium attached with a circulated note of this type and similar notes, but am more often than not pretty content with my specimen, remainder, etc. It's all about the looks with some people. lol

Edited by Fenntucky Mike
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On 6/29/2022 at 9:04 PM, Fenntucky Mike said:

That's a big negative! xD The 500 pesos is a real looker but with such a low printing (I read 200?), it would probably be out of my budget. :pullhair:

It's always interesting to me that a great looking specimen, remainder, etc. can often be many multiples less than a really ratty note that was issued/circulated. I understand the attraction and the premium attached with a circulated note of this type and similar notes, but am more often than not pretty content with my specimen, remainder, etc. It's all about the looks with some people. lol

I agree as I find the design interesting and this is often best seen on Specimens - they do tend to put holes in them and SPECIMEN (or the equivalent) in big red letters on top which often distracts xD Remainders are a great compromise.

Apparently the records for the 500 pesos note have 200 printed but 197 incinerated so maybe just 3 issued notes escaped :o Hoping one turns up at a local UK auction :roflmao:

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On 6/29/2022 at 4:53 PM, ColonialCoinsUK said:

Apparently the records for the 500 pesos note have 200 printed but 197 incinerated so maybe just 3 issued notes escaped :o Hoping one turns up at a local UK auction :roflmao:

Wow! Only three left, maybe. Are there any known? If so are they in private hands or museum displays? 

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On 6/29/2022 at 10:08 PM, Fenntucky Mike said:

Wow! Only three left, maybe. Are there any known? If so are they in private hands or museum displays? 

No idea - I hope they still exist and are in an old collection somewhere. It is on the 'to-find-out' list :bigsmile:

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On 6/29/2022 at 6:05 PM, ColonialCoinsUK said:

No idea - I hope they still exist and are in an old collection somewhere. It is on the 'to-find-out' list :bigsmile:

lol Well good luck my friend, I'll keep my eyes peeled for one of these notes. My finders fee is 1% FMV, but I'll take being able to be in the presence of the note in lieu of payment. BYOB of course and you might want to protect/guard the note in some fashion. xD

On 6/29/2022 at 4:53 PM, ColonialCoinsUK said:

Remainders are a great compromise.

Agreed, but those are a deal breaker for some signature fanatics . Not me, I like a big bold signature as much as the next guy but not that much. :boo: At least not enough to pay a large premium for it when there is perfectly good remainder just waiting for me, but I don't run into that problem/choice very often, or at all, with my current interests. That's an awesome 5 pesos note BTW. 

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