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| 正面描述 | Dark blue-green intaglio print with a female portrait vignette at left in an oval frame, a central guilloche medallion bearing the numeral "1" and text "UNO", and the Bolivian coat of arms at right. Series letter "M" appears twice flanking the centre, with red serial numbers at upper corners. Issued at Oruro, Bolivia, dated 1º de Julio de 1906. |
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| 正面铭文 | EL BANCO MERCANTIL PAGARÁ A LA VISTA AL PORTADOR UN BOLIVIANO EN MONEDA CORRIENTE Oruro, Bolivia 1º de Julio de 1906 SÉRIE M POR EL CONTADOR EL DIRECTOR GERENTE AMERICAN BANK NOTE CO. NEW YORK |
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The Banco Mercantil was one of several Bolivian private banks authorized to issue notes under the 1890 banking law, a system that ended abruptly when the Banco de la Nación Boliviana was established in 1911 and note-issuing privileges were gradually consolidated under state control. This note predates that transition by five years.
ABNC held the printing contract for much of Bolivia's private banking paper in this period, and the quality of the intaglio work on Mercantil issues is noticeably finer than contemporaneous notes produced locally or by lesser contractors — a meaningful distinction when counterfeiting was a persistent problem in the altiplano markets where these circulated.