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20 Pesos Gobierno Provisional de Mexico

Issuer Gobierno Provisional de Mexico (State of Veracruz)
Year 1914
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Reference(s) P#S1113
Obverse description Black letterpress print on brown underprint with red serial numbers. At left, a vignette of a seated Liberty figure holding a plaque in her right hand and an olive branch in her left. At centre, the Mexican national arms — an eagle with a serpent in its beak, perched on a nopal cactus rising from Lake Texcoco — with the volcanoes Popocatépetl and Iztaccíhuatl visible in the background.
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Reverse description Printed entirely in red on plain paper, the reverse centres on a large circular guilloche vignette reproducing the engraved image of a Mexican Peso coin — showing the national arms and the legend REPUBLICA MEXICANA — surrounded by elaborate lathe-work rosette and lozenge ornaments. A circular red seal of the Secretaría de Hacienda is applied at upper left, and the denomination numerals 20 appear in ornamental cartouches at all four corners.
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Comments

The Gobierno Provisional de México notes issued from Veracruz in 1914 were instruments of Carranza's constitutionalist administration, printed hurriedly to fund military operations against the Huerta regime. Carranza had established his provisional government headquarters at Veracruz after U.S. forces occupied the port city in April 1914 — an occupation that, ironically, had cut off Huerta's arms supply and accelerated his eventual fall.

The series suffered immediate credibility problems. Regional commanders throughout Mexico were simultaneously issuing their own competing paper, and ordinary Mexicans had learned from hard experience to be skeptical of revolutionary currency. Forced acceptance at face value was common; actual purchasing power was another matter entirely.

Pick S1113 sits within a large and poorly documented family of Carrancista issues, and distinguishing genuine examples from the numerous contemporary counterfeits remains a genuine attribution challenge.

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