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10 Pesos

Issuer Banco de México
Year 1946-1950
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Shape Rectangular
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Obverse description Black intaglio print over a multicolor guilloche underprint, with red serial numbers. A portrait vignette of María Estela Ruiz Velázquez is positioned at right. The issuing authority's name and promise-to-pay legend appear across the face.
Obverse lettering El Banco De Mexico S.A. Pagara Diez Pesos A La Vista Al Portador
(Translation: The Bank of Mexico S.A. will pay Ten Pesos on sight to the bearer)
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Comments

Banco de México began contracting with the American Bank Note Company for its mid-century series well before the postwar peso came under sustained devaluation pressure — the 10 Peso notes issued between 1946 and 1950 fall into a relatively stable window, after the wartime disruptions to trade and before the 1954 devaluation forced a structural rethink of the currency's appearance and backing.

ABNC's work for Mexico during this period used deeply engraved intaglio printing, a specification Banco de México insisted on partly as an anti-counterfeiting measure and partly for prestige reasons. The contract relationship between Mexico City and the New York press stretched back to 1925.

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