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5 pesos 1914

America › North America › Mexico
P-S390b1914Banco de QueretaroF
5 pesos 1914 from Mexico, P-S390b (1914) — image 1
5 pesos 1914 from Mexico, P-S390b (1914) — image 2

Market Prices

UNC$73$35$110(2)
AU$12(1)
VF$40(1)
CIRC$64$55$145(3)

About This Note

This is a 5 Pesos banknote from Banco de Querétaro dated April 10, 1914, representing a critical moment in Mexican banking during the Revolution. The note exhibits Fair condition with significant circulation wear, including multiple fold creases, foxing, and brown staining throughout, yet the intricate engraving remains legible. The obverse features a detailed horse-drawn carriage vignette and the state arms of Querétaro, while the reverse showcases a dramatic railway viaduct—symbols of the industrial progress and regional infrastructure that defined early 20th-century Mexico.

Rarity

Common. The eBay price data shows numerous listings across a wide price range ($4.99 to $560.00 USD), with most circulated examples trading between $35 and $145 USD, and several listed in the $55–$65 range. This pricing pattern and the volume of comparable sales indicate steady collector availability. Banco de Querétaro's notes were produced in substantial quantities by a major printer (ABNC), and Series A in particular was widely distributed. The Fair condition grade is typical for surviving examples of this age, and such notes appear frequently in the numismatic market.

Historical Context

Banco de Querétaro was a regional institution operating during Mexico's tumultuous Revolutionary period (1910-1920), when state and private banks issued currency alongside the central government. The imagery on this note—an ox-cart (representing agricultural tradition) and a modern railway viaduct—reflects the tension between Mexico's agrarian past and industrial aspirations during this era. The specific April 1914 date places this issue during the height of factional conflict, when Querétaro's banking operations faced existential uncertainty, making the bank's notes historical artifacts of a volatile transition period.

Design

The obverse features an ornate, classical design with repeating floral and geometric border elements typical of ABNC work. The primary vignette on the left depicts a horse-drawn carriage (ox-cart) with multiple figures, representing rural Mexican commerce and transportation. The center showcases a large heraldic shield containing the state arms of Querétaro with a cross and landscape elements representing the region's identity. Decorative cartouches frame the denomination '5' in the top right and bottom corners. The reverse displays a dramatic architectural centerpiece: a multi-arched railway viaduct spanning a valley landscape, symbolizing modern infrastructure and progress. Large ornate numerals '5' flank the viaduct vignette within an oval frame. The color scheme on the obverse is tan/beige with black engraving; the reverse employs green and teal tones. All typography and borders exhibit the fine line work characteristic of late-19th/early-20th-century bank note engraving.

Inscriptions

FRONT: 'Banco de Querétaro, S.A.' (Bank of Querétaro, Joint Stock Company); 'Pagará al Portador a la Vista, a la Par, en Efectivo' (Will pay to bearer on sight, at par, in cash); 'Cinco Pesos' / 'Cinco' / 'Pesos' (Five Pesos); 'Serie A' (Series A); 'Querétaro, 10 abril 1914' (Querétaro, April 10, 1914); 'Gerente' (Manager); 'Consejero' (Counselor); 'Interventor del Gobierno' (Government Interventor); Serial number '33432'. BACK: 'Banco' / 'De Querétaro' (Bank of Querétaro); Denomination '5'; 'American Bank Note Company, New York' (printer identification).

Printing Technique

Intaglio engraving (line engraving), executed by the American Bank Note Company (ABNC) of New York, as indicated by the printer's imprint on the reverse. This technique involved hand-engraved steel plates producing the fine detail visible in the borders, vignettes, and typographic elements. The notes were printed with separate color passes—tan/black for the obverse and green for the reverse—typical of ABNC's multi-color banknote production methods of this era.

Varieties

This note is cataloged as Pick P-S390b, indicating it is the second identified variety of the 1914 5 Pesos issue. The visual analysis confirms Series A designation and the characteristic new signature overprints at left and center dated 10.4.1914, which distinguish this from earlier printings. The serial number 33432 and specific signature combinations would require comparison against known serial ranges to determine rarity within the variety, but the Series A designation with 1914 overprint places it within the documented production sequence of Banco de Querétaro's emergency currency.