1 peso 1959

Common. This note is a regular issue from 1959 with a standard print run. eBay market data shows numerous sales of this P-59e variety in various conditions, with UNC examples selling consistently between $1-2.50 in recent years (with one PMG 67 graded specimen reaching $20.50 in 2019, which is exceptional). The catalog value for UNC condition is listed at $2.50 (2019), and the abundance of available examples indicates no scarcity. This is a typical circulating Mexican peso from the late 1950s period.

Issued in 1959 by Banco de Mexico, this note commemorates Mexico's independence through the prominent depiction of the Independence Monument (El Monumento a la Independencia), a central symbol of Mexican national identity located in Mexico City. The ornate baroque design elements reflect the artistic traditions of Mexican currency production during the post-revolutionary period, while the ABNC printer attribution demonstrates the continued use of American security printing expertise for Mexican banknote production.

The reverse features the Independence Monument (Monumento a la Independencia), a tall neo-classical tower structure that serves as Mexico's most recognizable symbol of independence. The monument is depicted in a landscape setting at the center of the note. The design is framed by symmetrical, ornate baroque-style decorative borders in red and pink tones, featuring elaborate shield designs incorporating floral and scroll motifs on both sides. An eagle emblem (part of the Mexican coat of arms) appears on the left side. The entire composition demonstrates fine engraved line work with complex crosshatching and geometric patterns serving both aesthetic and security purposes. The obverse (not shown in this image) features the Aztec calendar stone at center, a key identifier of Mexican heritage.

Back side inscriptions: 'BANCO DE MEXICO' (Bank of Mexico), 'S.A.' (Sociedad Anónima - a legal designation meaning 'Anonymous Society' or joint-stock company), 'UNO PESO' (One Peso - denomination), 'AMERICAN BANK NOTE COMPANY' (printer attribution). Front side would contain additional text including 'MEXICO D.F.' above the date at lower left, distinguishing this P-59e variety from earlier versions.

Intaglio engraving (also known as steel engraving or copperplate printing), which is evident from the fine line patterns, intricate crosshatching, and detailed baroque ornamentation observed throughout the note. This was the standard security printing technique used by the American Bank Note Company (ABNC) for banknote production. The technique creates the tactile raised quality of the printed design and serves as a primary anti-counterfeiting measure.

This specific note is identified as Pick P-59e, distinguishing it from other variants in the 1959 1 Peso series (P-59c, P-59j, P-59l, and P-59s). The P-59e variety is characterized by the addition of 'MEXICO D.F.' text above the date on the obverse at the lower left, a feature that differentiates it from the earlier P-59 design (P-56 style). The collector note indicates a date of 18.03.59 (March 18, 1959), consistent with the 1959 issue date. All identified variants were printed by ABNC. The Series designation is HS-IB.