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Mexico Banco De Sonora 20 Pesos Note With Overprint? #s421

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mmorgan22's Avatar
United States
570 Posts
 Posted 12/08/2012  7:40 pm Show Profile   Bookmark this topic Add mmorgan22 to your friends list Get a Link to this Message Number of Subscribers
Hello all, picked this up in a lot the other day. It is a Banco de Sonora 20 Pesos banknote with an overprint of 5 pesos. The series was made between 1897-1911 and the catalog number is S421 in the Krause World Paper Money Specialized issues. The overprint almost looks like it was screen printed on. First of all, I have not been able to find any other note online or in my books that shows an overprinting of this type. Second, why would the note be devalued from 20 pesos to 5 pesos? Any help would be great.

Mexico-Banco-De-Sonora-20-Pesos-Note-With-Overprint?-#s421

Mexico-Banco-De-Sonora-20-Pesos-Note-With-Overprint?-#s421
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Ark's Avatar
Australia
192 Posts
 Posted 12/10/2012  11:13 pm  Show Profile   Bookmark this reply Add Ark to your friends list Get a Link to this Reply
I looked in my Krause catalog and theres no mention of overprinting on this note, maybe mines just out of date? But perhaps its not being devalued from 20 pesos to 5 pesos, maybe its being revalued from 20 pesos to 5 'whatever the super-denomination of pesos is'?
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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 02/27/2014  4:47 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
Very interesting. All I can tell you from the records I've accessed is that this note is from the last printing run of September, 1912, and that these were "delivered to Mexico City, but not issued". By 1916, the revolutionary notes, such as those issued by El Estado de Sonora, were entirely worthless, and with the new Carranza currency almost universally mistrusted and spurned, the monetary (and commercial) situation in the region was descending into chaos. My conjecture (and it is only that) would be that the government in Mexico City, sitting on these Banco de Sonora notes, decided to issue them, or at least prepare them for issuance, as a stopgap measure at a valuation that they thought the populace in Sonora would accept.
Colligo ergo sum
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