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1 peso 1942

America › North America › Mexico
P-28d1942Banco de MexicoUNC
1 peso 1942 from Mexico, P-28d (1942) — image 1
1 peso 1942 from Mexico, P-28d (1942) — image 2

Market Prices

7 sales
Catalogue (2016)
VG$1
VF$5
UNC$20
F$5.762020-11-26(5 bids)
PMG 66$402020-11-24(12 bids)
PMG 66$26.362020-10-30(13 bids)
PMG 66$46.792020-09-18(14 bids)
PMG 67$60.992020-08-15(12 bids)
VF$4.252018-01-03(6 bids)
F$5.512015-03-26(6 bids)

About This Note

This 1 Peso note from 1942 presents an exceptional example of Mexican numismatic art, featuring the iconic Aztec calendar stone (Sun Stone) prominently displayed on the obverse in black and multicolor tones, with the reverse showcasing a red-rendered Monument of Victory. The note is in UNC condition with pristine surfaces, sharp engraving details, and no signs of circulation or handling, making it a desirable specimen for collectors of early Mexican currency.

Rarity

Common. This note represents a regular issue from the 1936-1942 circulation series (Pick P-28d) with significant print quantities. Market data shows consistent availability across multiple grades, with UNC examples catalogued at $20 (2016 values) and recent eBay sales of similar specimens in graded conditions (PMG 66-67) ranging from $26-$61. The prevalence of these notes in the secondary market and moderate pricing indicate healthy supply relative to collector demand.

Historical Context

Issued by Banco de Mexico during 1942 in the midst of World War II, this note represents a pivotal period in Mexican monetary policy and national identity. The prominent Aztec calendar stone imagery celebrates Mexico's pre-Columbian heritage and cultural pride, while the Monument of Victory on the reverse reflects the nation's patriotic symbolism during the war era. This design series, initiated in 1936 and continuing through the early 1940s, exemplified Mexico's effort to assert cultural sovereignty through its circulating currency.

Design

The obverse features a magnificent central Aztec calendar stone (also known as the Sun Stone of the Aztec civilization) rendered in intricate concentric circles and glyphic details, surrounded by ornamental baroque-style frames and decorative scrollwork in all four corners. The design employs a gray-black and beige color palette with red serial numbers. The reverse depicts the Monument of Victory (Monumento a la Victoria), a prominent Mexican nationalist monument, rendered as a multi-tiered architectural structure with a flag or ornament at its apex, printed in dominant red and pink tones. Both sides feature elaborate baroque decorative shields and emblems in the corners, with fine line work and hatching throughout providing security and artistic depth.

Inscriptions

OBVERSE: Banco de Mexico (Bank of Mexico); SERIE E (Series E); CONSEJERO (Counselor); INTERVENTOR DEL GOBIERNO (Government Interventor); CAJERO (Cashier); AMERICAN BANK NOTE COMPANY; Serial number 13514274. REVERSE: Banco de Mexico (Bank of Mexico); UNO PESO (One Peso); AMERICAN BANK NOTE COMPANY; Denomination marking 1.

Printing Technique

Intaglio engraving produced by American Bank Note Company (ABNC), as indicated by the printer's mark on both obverse and reverse. The intricate concentric patterns of the calendar stone, fine line work in the architectural rendering, complex geometric patterns, and detailed decorative elements are characteristic of high-security intaglio bank note production from this era.

Varieties

This specimen is catalogued as Pick P-28d, part of a series with documented signature varieties. The visual analysis confirms Series E designation, which aligns with the D-F series range noted in the reference data. PMG records indicate P-28b and P-28c variants exist for this base Pick number, with all variants produced by ABNC. The specific signature configuration and series letter 'E' would require comparison with known reference examples to confirm the precise sub-variety within the P-28 designation.