1882 Banco National Mexico 10 Pesos PMG AU55 EPQ “Proof”

Note Details:

• Country: Mexico
• Bank: Banco Nacional de México
• Denomination: 10 Pesos
• Year of Issue: 1882
• Pick Number: S252p (this refers to the catalog number in the Pick’s Standard Catalog of World Paper Money).
• Grade: PMG AU55 EPQ
  • AU55: The note is in About Uncirculated condition, showing only light handling or very minimal wear.
  • EPQ (Exceptional Paper Quality): This indicates that the note has well-preserved paper, bright colors, and sharp printing with no major flaws.
• “Proof” Designation: A Proof note is a test printing that is made for the purpose of making plates for the final issue. These notes are typically printed in a limited number and have much sharper details compared to regular issued notes.

Design Features:

• Obverse (Front):
  • Features a portrait of Benito Juárez, who served as the President of Mexico and was an important figure in Mexican history. Juárez is depicted with his characteristic facial features and finely detailed engraving, characteristic of Proof notes.
  • The note also includes ornate elements such as engraved text and decorative borders, often found on high-quality Proofs.
  • Text: “Banco Nacional de México,” “10 Pesos,” with “México” prominently displayed in the center.
• Reverse:
  • Features a vignette of the National Coat of Arms of Mexico, with a large eagle perched on a cactus and holding a serpent in its beak.
  • The reverse design also includes “10 Pesos” text and additional security features such as engravings and fine details.

Significance of the Note:

1. Historical Context:
   • The Banco Nacional de México was established in 1881 and became one of Mexico’s most important financial institutions. The 1882 issue of the 10 Pesos note was part of a series that reflected Mexico’s national pride and the desire to create a stable and modern currency system.
2. Rarity and Condition:
   • Proof notes from this period are particularly rare, as they were typically printed in very limited numbers and not intended for general circulation. The “Proof” designation adds significant value, as it identifies the note as an early, high-quality printing used for testing the final design.
   • AU55 EPQ is a high grade for a note of this age and adds significant premium value. The EPQ designation further elevates its desirability, as it indicates the note was well-preserved without excessive handling or significant wear.
3. Collectibility:
   • Notes from the Banco Nacional de México are highly sought after by collectors of Mexican banknotes and world paper money, particularly when in good condition with historical significance. Proof notes, especially in well-preserved grades like AU55, can command significant premiums on the market.

Why This Note Is Special:

1. Proof Quality:
   • The proof quality of this note makes it far more desirable than standard circulating issues, as proof notes are often seen as the pinnacle of engraving and printing techniques.
2. Benito Juárez:
   • The depiction of Benito Juárez, a revered figure in Mexican history, makes the note particularly attractive to collectors with an interest in historical figures and national heroes.
3. Attractiveness and Detail:
   • The fine engravings, intricate design, and ornate details are important features that elevate the aesthetic appeal of the note, making it a centerpiece in any collection.