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Issues of El Banco Mercantil Mexicano

$1 notes

Mercantil Mexicano 1 A 49970

Mercantil Mexicano 1 A 49970 reverseThe vignette is of the goddess Irene, the goddess of peace.

Date of issue Date on note Series from to Presidente Tesorero Gerente  
  1 June 1882
A 00001   Gargollo  Usandiraga  Collado  includes numbers 00006CNBanxico #10466 to 00483CNBanxico #1767
      includes number 43980, overprihted SAN LUIS POTOSI
      includes number 49970, overprinted PAGADERO en la Surcursal de VERACRUZ (illustrated above)
      includes number 60483
  1 July 1882     F. Mar[  ] Usandiraga Collado includes number 01509
  1 October 1882            
  1 December 1882     de la Fuente Usandiraga Collado includes number 40342, overprinted SAN LUIS POTOSI
      79000        
  1 March 1883            
    79001 81000       signed
    81001 82000        
    82001 84000       signed
    84001 85000        
    85001 88000       signed
  1 July 1883 88001 89000 Gargollo Usandiraga Collado includes numbers 88244 and 88260CNBanxico #10467,  both overprinted PAGADERO en la Sucursal de VERACRUZ
     89001 110000       signed

 $5 notes

Mercantil Mexicano 5 A 102848

Date of issue Date on note Series from to Presidente Tesorero Gerente  
by 31 December 1883   A 1 14500       issued in Mexico City
1 June 1882
  100001  108000  Gargollo Usandiraga Collado issued by the branches
known overprinted QUERETARO
      14301 20000       signed
      20001 27000       with revenue stamps but without signatures
      108001 120000      
      27001 100000       without stamps or signatures
      120001 130000      

$10 notes

Mercantil Mexicano 10 A 05167

Date of issue Date on note Series from to Presidente Tesorero Gerente  
by 31 December 1883 1 June 1882
A 1 17000 Gargollo  Usandiraga  Collado  issued in Mexico City
includes number 05167
  100001 108000       issued by the branches
    17001 20000       signed
    108001 113000      
    20001 30000       with revenue stamps but without signatures
    113001 120000      
    30001 100000       without stamps or signatures
      120001 130000      

$20 notes

Mercantil Mexicano 20 A 75432

Date of issue Date on note Series from to Presidente Tesorero Gerente  
    A  1  13500       issued in Mexico City
1 June 1882 1 June 1882 75001 79000 Gargollo Usandiraga Collado

issued by the branches
includes number 75432 overprinted GUANAJUATO

    13501 20000       signed
    20001 30000       with revenue stamps but without signatures
    79001 90000      
    30001 75000       without stamps or signatures
    90001 100000      

$50 notes

Date of issue Date on note Series from to Presidente Tesorero Gerente  
by 31 December 1883
A  1 12000       issued in Mexico City
    35001 38500       issued by the branches
    12001 15000       signed
    38501 41000      
    15001 35000       with revenue stamps but without signatures
    41001 45000       without stamps or signatures

$100 notes

Date of issue Date on note Series from to Presidente Tesorero Gerente  
by 31 December 1883
A  1  12250       issued in Mexico City
  30001 32500       issued by the branches
    12551 15000       signed
    32501 33000      
    15000 30000       with revenue stamps but without signatures
    33001 38000      
    38001 40000       without stamps or signatures

$500 notes

Date of issue Date on note Series from to Presidente Tesorero Gerente  
by 31 December 1883
A  1  1650       issued in Mexico City
3001 3100       issued by branches
    1651 2000       signed
    3101 4000      
    2001 3000       with revenue stamps but without signatures

$1000 notes

Date of issue Date on note Series from to Presidente Tesorero Gerente  
by 31 December 1883
A  1  1050        
    1051 1500       signed
    1501         lost
    1502 2740       unsigned

 

Counterfeits

In November 1901 a Mexico City newspaper warned against counterfeits after a certain José González received a note without number, date or signatures. However, as the note was otherwise perfect it is more likely that it had slipped through the printing process or been stolen before being issuedLa Gaceta Comercial, 17 November 1901.

When the Banco Mercantil Mexicano merged with the Banco Nacional Mexicano to form the Banco Nacional de México, it had $4,084, 084 in circulation and another $1,004,675 within the bank, making a total of $5,088,759. Most of this had been withdrawn by the end of 1899 Memoria de las Instituciones de Credito, 1897-1899, Tomo III. The report combines the outstanding amounts of the Banco Mercantil Mexicano ($5,088,759) and Banco Nacional Mexicano ($5,705,000) for a total of $10,776,858, of which only $16,901 remained in circulation by December 1899.