Issues of El Banco Mercantil Mexicano

$1 notes

Mercantil Mexicano 1 A 88260

The vignette is of the goddess Irene, the goddess of peace.

Date on note Series from to Presidente Tesorero Gerente  
1 June 1882
A     Gargollo Usandiraga Collado includes numbers 00006CNBanxico #10466 to 00483CNBanxico #1767
          includes number 43980, overprihted SAN LUIS POTOSI
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 Potosí

1 March 1883            
1 July 1883     Gargollo Usandiraga Collado includes numbers 88244 and 88260CNBanxico # 10467,  both overprinted PAGADERO en la Sucursal de VERACRUZ (illustrated above)

 $5 notes

Mercantil Mexicano 5 A 102848

Date on note Series from to Presidente Tesorero Gerente  
1 June 1882
A      Gargolio Usandiraga Collado known overprinted QUERETARO

$10 notes

Mercantil Mexicano 10 A 05167

Date on note Series from to Presidente Tesorero Gerente  
1 June 1882
A     Gargolio  Usandiraga  Collado   

$20 notes

Mercantil Mexicano 20 A 75432

Date on note Series from to Presidente Tesorero Gerente  
1 June 1882  A      Gargolio Usandiraga  Collado  known overprinted GUANAJUATO

$50 notes

Date on note Series from to Presidente Tesorero Gerente  

A            

$100 notes

Date on note Series from to Presidente Tesorero Gerente  

A            

$500 notes

Date on note Series from to Presidente Tesorero Gerente  

A            

$1000 notes

Date on note Series from to Presidente Tesorero Gerente  

A            

 

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 Most of this had been withdrawn by the end of 1899 Memoria de las Instituciones de Credito, 1897-1899, Tomo III.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.