1325

Mexico City, Mexico (Empire), Tesorerias de la Nacion, 1 peso, 5-5-1823, serial 124711, printed on p

Currency:USD Category:Coins & Paper Money / Paper Money - World Currency Start Price:500.00 USD Estimated At:600.00 - 900.00 USD
Mexico City, Mexico (Empire), Tesorerias de la Nacion, 1 peso, 5-5-1823, serial 124711, printed on p
SOLD
Sign In To View Winning Bid
This item SOLD at 2023 May 04 @ 18:34UTC-4 : AST/EDT
By registering for our auction, you agree to the terms and conditions.
Mexico City, Mexico (Empire), Tesorerias de la Nacion, 1 peso, 5-5-1823, serial 124711, printed on papal bull for circulation in Mexico and Texas. Frampton-16a; Olson-15; Pick-4. While intended to help restore trust in Mexican paper money, the Republican papal bull notes were unpopular due to their large size as well as the general distrust in bank notes. In The Paper Republic: The Struggle for Money, Credit and Independence in the Republic of Texas (2010), author James Bevill notes that the papal bull notes were withdrawn in favor of silver coins to follow. "Although these peculiar notes," Bevill writes, "found little acceptance outside of the soldiers stationed in the missions of Texas, they serve as an important reminder of how closely the Catholic Church and the Mexican government were intertwined in the eyes of early Anglo-American colonists of Texas." This peso note is printed on a papal bull dated 1816 that begins with a brief background on Pope Pius VII's imprisonment by Napoleon from 1809 to 1814. The papal bull then segues into a proclamation where Catholics who donated 2 reales to the Church were allowed to eat meat and eggs during Lent. XF with cut cancellation, nice paper quality with only some minor stains along the bottom margin to note, very boldly printed (both the bank note and papal bull).