Watch List notes:

Mexico, Tesorerias de la Nacion, 1 peso, 11-4-1823, serial 116307, printed on papal bull, Bevill Plate. Frampton-16a; Olson-15; SCWPM-4. While intended to help restore trust in Mexican paper money, the public did not care for the Republican papal bull notes due to their large size as well as the general distrust in bank notes. Bevill notes that the papal bull notes were withdrawn in favor of silver coins to follow. "Although these peculiar notes," he 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 like that of lot 1546's where Catholics who donated 2 reales to the Church were allowed to eat meat and eggs during Lent. A pleasing VF+ note with minor paper toning, stains, and edge damage, great paper quality with no internal tears or holes. Pedigreed to the James Bevill collection and plated (Fig. 3.21) on page 33 of his book The Paper Republic (2009).

Estimate: $300-450