The $5 notes

24 Febrero 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
J 1 1 Thick paper 00342 04662
A 3 1 Thick paper 10009 13235
E 2 1 Thick paper 19130 22454


The paper sometimes shows a watermark composed of double-lined letters reading "L_doer Mills".
The green ink of the printing from the duty plate is bright on the J series and much darker thereafter.

20 Abril 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
 U  3  2  AZTEC BOND  147111  183132
 R    2    185080  185600
 Z  3  2  Thick plain paper  216121  220231
       Thick, ribbed ALVAREZ  217541   220207

The AZTEC BOND paper is the same found among the earlier 1 peso notes and may show the watermark horizontally or vertically, also inverted. The thick ribbed paper shows fine vertical ribbing and may show portions of a watermark "_ABASA ALVAREZ" or a large eagle.
The R series appears to be rare. The U series is actually two small series, none to be found in the 153000-181000 range.

26 Mayo 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
 J  2  3  Medium plain  237223  240110
 U  3  3  AZTEC BOND  281484  284802
 A  1  3  AZTEC BOND  326165 330481

 

Starting this date, the bottom inscription lacks accents and has a smaller space between SOTO and OAX.

26 Junio 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
 A  8  3  AZTEC BOND  351146 255982
 R  1  3  AZTEC BOND  394170  
 Z  3  3  AZTEC BOND  433355 437821

19 Julio 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
 J  3  3  AZTEC BOND  468084  471781
 A  1  3  AZTEC BOND  541254  545981
 Z  2  3  AZTEC BOND  581662  583387
       Plain thick  584100  


 Series Z's thick paper tore easily so these are difficult to obtain in better than Fine condition.

10 Agosto 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
 I  1  3  Plain paper  587233  592343

 

3 Septiembre 1915

Oaxaca 5 Z 809922

Oaxaca 5 Z 809922 reverse

Series Seal pos. Portrait type Paper Earliest# Latest#
 Z 3 3  Plain paper WHITE wmk 802451   809985

 

On the reverse, the decree number and date have been changed: "Decreto No. 5 del 10 de Julio de 1915." Up until this series, the blue color was fairly consistently a dark grayish blue, but from this printing on one finds a wide range of shades including ultramarine, a greenish blue, light blue, pale gray blue, etc.
In the inscription at the bottom of the front, OAXACA is now spelled out.

24 Septiembre 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
 l(1)  1 red  3  Medium  872305 877442
 I(2)  3 red  3  Medium  968727 971828
 I(3)  3 green  3  Medium  1-087721  1-093648
 I(4)  1 green  3  Medium  1-202917 1-208215


The colour of the serial number was changed from red to green with number l ,000,000. Same for the Treasury Seal.
The paper sometimes shows a watermark of double-lined capital letters reading WHITE (?).
crack in 5Besides the seal position changes, there are also minor typographic changes that indicate several printings which no doubt alternated with the P & Z 1 peso printings. These are mainly recognizable from variation in the letter spacing in PESOS and flaws in the "S"s. One of the "S"s shows a small break or gash in the outline of the bottom-right curve. Initially this "5" is found at the lower left comer, then appears at the lower right (on notes with the treasury seal at position 9), then appears once more at the lower left comer. So far, only ten or twelve notes have been studied - there may be much more to be discovered about these 24 September notes.

 

15 Noviembre 1915

Series Seal pos. Portrait type Paper Earliest# Latest#
 P  10  3  Medium  1-312422  1-318337
 D  3  3  Medium  1-427810 1-433766
 Y  11  3  Medium  1-590245 1-595767
 P  6  3  Medium  1-602330  1-603819
      Thick, with ledger lines 1-605511 1-607572
      Medium with faint ledger lines 1-609724  

 

Starting this date, all 5 pesos notes have a border of two lines, one wavy, instead of the sawtooth typesetting.
The style of the "P" is different in the two "P" series, the first being sans-serif and tall.
The medium paper is actually two papers that are virtually indistinguishable except that they occasionally shows the watermark VOUCHER BOND in double-lined sans-serif letters or WHITEHALL in letters which are similar except they are slightly thicker and less distinct.
The thick paper on which some of the second P Series notes have been found can include purple ledger lines as well as
the more typical red and bluish gray lines.

14 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 R  2  3  medium with very faint lines  1-710862  1-719279
 U(?)          

 
On the reverse, the decree line has been changed: "Decreto No. 18 del 12 de Enero de 1916."
The U series was included in Rosovsky's list but I have not seen it. Considering how small the gap is between the latest serial number in the R Series and the earliest of the January 17th U Series, one might wonder if it really exists. It could be that a few 14 Enero unfinished notes were finished on the 17th - they would, of course, be quite rare.

17 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 U  11  3  Medium with very faint lines  1-720043  1-729841

 

19 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 Z 9 3  Medium with very faint lines  1-730096  1-739660

21 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 J  9  3  Faint ledger lines  1-740506  1-747824

24 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 E  1  3  Horizontally laid, “MEXICO”  1-752106 1-753014
   9    Medium, "Hidalgo wmk.”  1-754519  
   1      1-757191  1-759220

The horizontally laid paper comes with a watermark "MEXICO" in dark (thicker paper) letters.
Only a portion of the "Hidalgo" watermark can be seen on a note. A portrait of Hidalgo is surrounded by rays, wreath, etc. and below are the dates "1810-1910" in double-line numerals.
This series exists lacking the serial numbers and treasury seal - an unfinished remainder.

26 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 A 1 3  "Hidalgo"  1-761620  1-768683

28 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 Z 8 3  "Hidalgo"  1-770104  1-779092

29(?) Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 J          


This was listed by Rosovsky but I haven't seen it. If it really exists it is a very small printing, possibly an error made at the start of the January 31st printing or printing made on the 29th that for some reason was very small and probably left unfinished until the 31st.

31 Enero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 J 2 3  "Hidalgo"  1-780277  1-788638


Note 1,785,670 has the last two digits erased and re-entered (a correction?) at both positions.

2 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 R 10 3  "Hidalgo"  1-791097  1-799799

 

8 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 A 13 3  "Hidalgo"  1-801134  1-808134

 

10 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 U 1 3  "Hidalgo"  1-811189  1-817030

14 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 U  1  3  "Hidalgo"  1-816786  
 E  3  3  "Hidalgo"  1-821002 1-828848

The U series appears to be scarce. Judging from the serial number, it appears to have been an error where 14 Febrero dated notes were intermixed with and finished with the 10 Febrero notes or may have been numbered to replace some defective notes from the earlier issue.

15 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 E 3 3  "Hidalgo"  1-832431  1-839795

20 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 U 6 3  "Hidalgo"  1-841009  1-949262

22 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 J 4 3  "Hidalgo"  1-850629  1-859537

25 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 A  12  3  "Hidalgo"  1-860012  1-869719

 

On the reverse, the decree line has been changed: "Decreto No. 12 de’l 18 de Enero de 1916." It is believed this is simply a transposition of the previous numbers.

28 Febrero 1916

Series Seal pos. Portrait type Paper Earliest# Latest#
 Z 14 3  "Hidalgo" 1-872000