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10 pesos 1910

America › North America › Mexico
P-S258e1910Banco Nacional de MexicoVF
10 pesos 1910 from Mexico, P-S258e (1910) — image 1
10 pesos 1910 from Mexico, P-S258e (1910) — image 2

Market Prices

UNC$100$5$899(5)
XF$25(1)
CIRC$115$95$135(2)

About This Note

This is a VF-grade 10 Pesos banknote from Banco Nacional de Mexico, dated March 1, 1910, featuring exceptional engraved detail characteristic of American Bank Note Company's work. The obverse displays a portrait of M. García Teruel on the left and an allegorical 'Tropics No. 2' scene at center-right with classical figures in a tropical landscape, while the reverse showcases a magnificent neoclassical rendering of the National Bank of Mexico building itself. The note exhibits age-appropriate patina with cream discoloration and foxing on the obverse, though the reverse remains relatively well-preserved with vibrant blue ink, suggesting careful historical handling.

Rarity

Common. The catalog reference (P-S258e) indicates this note is from an extended series issued from 1909-1913 across multiple years and printings. eBay market data confirms common status with values ranging from $4.99 USD to $135 USD depending on condition grade, with most circulated examples trading in the $25-$95 range. The VF-grade specimen sits in the mid-range of typical pricing for this denomination and issuer, consistent with the large print run expected from a central bank's regular-issue currency. Serial number 79928 shows this was from mid-range production with no characteristics suggesting a limited or recalled issue.

Historical Context

Issued during the final years of Porfirio Díaz's presidency, this note represents Mexico's late-Porfiriato economic system and the prominence of foreign security printers (ABNC) in Mexican currency production. The architectural emphasis on the National Bank building and allegorical representations of 'the Tropics' reflect both the nation's aspirations toward modernization and its resource wealth during this politically volatile period, just months before the Mexican Revolution would begin in earnest.

Design

The obverse features a left-facing portrait of M. García Teruel (Mexican statesman) in profile wearing formal attire, positioned at the left margin. The centerpiece depicts an allegorical female figure representing 'Tropics No. 2,' rendered in classical neoclassical style, positioned within a tropical landscape with exotic vegetation. The reverse displays the main facade of the National Bank of Mexico headquarters building—a multi-story neoclassical structure with columned portico, ornamental tower/cupola, and ground-level figures providing architectural scale. Both sides employ ornate geometric and floral border patterns with decorative cartouches containing the denomination '10' in each corner. A red 'Pagará' seal dominates the obverse header, and serial number 79928 appears in red. The color scheme consists of black and gold/yellow underprints on the obverse and blue on the reverse.

Inscriptions

OBVERSE: 'Banco Nacional de México' (National Bank of Mexico); 'Pagará' (Will pay); 'La vista al portador en efectivo' (On sight to bearer in cash); 'Diez Pesos' (Ten Pesos); 'Serie' (Series); Serial number '79928'; 'México. Marzo 1º de 1910' (Mexico. March 1st, 1910); 'Interventor del Gobierno' (Government Comptroller); 'Gobernador' (Governor); 'Compañía Americana de Billetes de Banco Nueva York' (American Bank Note Company New York). REVERSE: 'Banco Nacional de México' (National Bank of Mexico); 'American Bank Note Company, New York'; Denomination markers '10'.

Printing Technique

Intaglio engraving (line engraving and steel plate engraving), the standard security printing method of American Bank Note Company. The fine detail work visible throughout—particularly the micro-line patterns in borders, the intricate architectural rendering of the bank building, and the portrait work—is characteristic of late 19th/early 20th century ABNC production. Multiple plate layers were likely used for the separate color applications (black/yellow obverse, blue reverse), employing letterpress and chromolithographic elements for the colored underprints. The note references 'Compañía Americana de Billetes de Banco, Nueva York' confirming ABNC as the security printer.

Varieties

This example represents the standard P-S258e variety from the 1909-1913 Banco Nacional de Mexico series. The date 'Marzo 1º de 1910' (March 1, 1910) confirms issuance during the first variety period of this series. Serial number 79928 and the absence of any visible overprints or date changes indicate this is a first-printing example without varieties. No evident signatures of specific comptrollers or governors are legible in the provided images that would indicate sub-varieties, though the inscriptions reference positions for 'Interventor del Gobierno' and 'Gobernador.'