50 Pesos

The Administración de Hacienda y Crédito Público was not a central bank but a fiscal administrative body — these notes circulated under government treasury authority during a period when Mexico lacked a unified national banking structure. The American Bank Note Company supplied much of Mexico's paper currency through the latter half of the nineteenth century, and the engraved quality of these issues reflects the ABNC's standard commercial contract work of that period.

PS-prefixed references place this in the Pick Specialized catalog for Mexican state and revolutionary issues. Worth confirming which specific state or regional treasury authorized this particular series, as the PS165 range covers more than one issuing jurisdiction.