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The Bank of London, Mexico and South America was the first foreign bank created in Mexico, being a subsidiary of the British bank The London Bank of Mexico and South America, Ltd. with a capital of two and a half million pesos. This bank began operations on 1 August 1864, when the Austrian archduke Maximilian was emperor of Mexico and Benito Juárez the president of the country. The bank was located on the street corner of the Capuchinas with Lerdo, in Mexico City.
Country: Mexico Years: May 10, 1905
Uncancelled Bearer Stock certificate for ten shares of $100 (pesos) each/1,000 Pesos, totaling $1000 (pesos). Known as the "Queen Victoria". The bank was one of only two Mexican national banks that was chartered to conduct business across state lines and was the second largest in the nation. EXTREMELY RARE! PRICE ON REQUEST
Condition: Excellent - with coupons
This bond is extremely historic. Banco de Londres y Mexico was Mexico's first bank and this is the first 1000 peso bond from the bank available in issued form.
Beautifully engraved by the American Bank Note Co. using steel plates, just as its currency of the period, the
A superb revenue stamp appears directly below Father Hidalgo's image!
An eagle perched on a cactus and holding a snake (Mexico's National Emblem) appears near the bottom, as do the signatures of the bank's top three officers. There are coupons attached on the right side and bottom of the bond. Each coupon bears the likeness of Queen Victoria. That is why the "
If you are looking for an investment in beauty, financial history, rarity and tremendous potential "upside" look no further. A one-of-a-kind museum piece.
HISTORY: Mexico’s First Bank: Banco de Londres Y Mexico
Banco de Londres y Mexico has the unique distinction of being the first Mexican bank that came into existence in the 1860s and introduced modern banking practices across Mexico. Englishmen William Newbold and Robert Geddes founded the Banco de Londres, Mexico y Sudamerica in Mexico City in 1864 when
It was not until 1884 that a major rival bank, the Banco Nacional Mexicano, appeared on the scene by the merger of two banks. By 1886 Banco Nacional Mexicano was the largest bank and it also acquired the assets of a failing bank, Banco
The Mexican Revolution against the rule of Porfirio Diaz in 1910 caused significant turmoil to Banco de Londres with the bad loans to the insurgent Francisco Madero and his rival Victoriano Huerta. By the time the revolution ended in 1916, Mexican money was worthless. Between 1934 – 1982 the bank was in the hands of private Mexican entrepreneurs.
In 1977 a bank supermarket, Banca Serfin, was created by the merger of Banco de Londres and Financiera Aceptaciones. “Serfin” is an abbreviation for
Shown below are five historical banknotes from the height of the Mexican revolution in denominations of 1 Peso (issued February 14, 1914), 2 Pesos (issued February 14, 1914), 5 Pesos (issued October 1, 1913), 10 Pesos (issued October 1, 1913) and 50 Pesos (issued July 1, 1914).
