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| 正面描述 | The note is printed in dark grey-blue ink on cream paper, with an elaborate guilloche border incorporating repeated 'M' monograms and rosette ornaments along all four edges, with '1/2' numerals at the corners. A central upper vignette shows a sailing ship at sea, to the right of which appears the place name 'VICTORIA' and the handwritten date 'Nov. 1.° de 1871'. A circular vignette at centre-right contains a rooster, while the denomination legend '½ VALE POR MEDIO REAL BOL.° ½' is printed on a dark band across the middle, below which a text panel reads 'Pagaré al portador CUATRO REALES BOL.°s por OCHO de estos vales a la vista.' |
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| 正面铭文 | VICTORIA Nov. 1.° de 1871 ½ VALE POR MEDIO REAL BOL.° ½ Pagaré al portador CUATRO REALES BOL.°s por OCHO de estos vales a la vista. MEDIO |
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Miguel Lanieri was a private merchant or commercial house operating in Victoria, Bolivia — not a chartered bank. Notes issued under private commercial authority like this were common in mid-nineteenth century South America, filling a fractional currency gap that state institutions consistently failed to address. The half-real denomination places it squarely in everyday petty commerce: too small for banking, essential for markets.
PS#1979 puts this firmly in the Andean private issue category, a group that survives in very small numbers precisely because fractional paper of this kind was used hard and discarded fast.