Currency of the Banco de Coahuila
This note was printed in Mexico after the Huerta regime rescinded the ban on notes below five pesos and allowed banks to issue notes without bullion backing. Two (M176) and ten pesos (M177, see below) also exist.
Catelog reference: M175.
These specimens were lot 5627 in Ponterio sale 152 (New York, January 2010), where they sold for $977.50. The catalog description noted, "MEXICO. 5 to 100 Pesos, Mixed Dates. P-S195 to S199. (Lot of 5 notes.) A great short denominational set which shows each piece save for the rare 500 and 1,000 Peso notes. The dates and grades are as follows; Five Pesos, 15.9.1909, Very Fine; 10 Pesos, 15.11.1900, Very Good with some internal tears and pinholes; 20 Pesos, 15.9.1909, Fine with a few small internal tears and pinholes; 50 Pesos, 5.3.1900, Very Good with a few edge splits, pinholes and internal tears; 100 Pesos Fine-Very Fine with nice color and only a small edge tear at the left margin. VERY GOOD TO VERY FINE."
The five pesos is the most available denomination from this bank, which issued notes up to 1,000 pesos.
Catelog reference: M167b, M167c.
El Banco de Coahuila was founded in 1897 and had branches all over the state. It was closed in 1915, along with most other private banks, when it could not show bullion backing for its notes. This was hardly fair, as the various provisional governments had looted bullion from the banks at every opportunity during the Revolution. The second note (M177a) was locally printed in large quantities.
Catelog reference: M168b, M168c, M177a.
Catelog reference: both M169c.
Fifty pesos notes from this bank are scarce, being priced about eight times the five pesos.
Catelog reference: M170a.
one hundred pesos
Hundred pesos notes from this bank are rare, being priced about fifteen times the five pesos.
Catelog reference: M171c.
- Ponterio, Richard, and Kent Ponterio, Ponterio sale 152: The 2010 NYINC Auction, Irvine, CA: Bowers and Merena, 2009.
- Frampton, Cory, Duane Douglas, Alberto Hidalgo and Elmer Powell, Mexican Paper Money, 2010 Edition, Carefree, AZ: Mexican Coin Co., 2010.