
Mexico 1884 – Fábrica de Tunal 1 Peso (Pick Unlisted, ABNC)
Context — Porfiriato industrial finance (1876–1911): In the 1880s, Mexico’s northern mining belt (Durango–Zacatecas–Coahuila) expanded under Porfirio Díaz’s pro-investment policies. Private companies routinely paid workers and contractors with bearer notes redeemable in silver on demand. These instruments sat between payroll scrip and banknotes: fully engraved, serialed, and legally payable al portador en moneda de plata, but issued by corporations rather than chartered banks. ... Read more →