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1 Boliviano

Issuer Banco Central de Bolivia
Year 1928
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Currency First boliviano (1864-1963)
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Obverse description Printed in olive-brown intaglio on a light ground, the obverse centres on an oval portrait vignette of Simón Bolívar in military uniform, set against a finely engraved guilloche background. Denomination numerals "1" appear in lozenge-shaped guilloche panels flanking the portrait to left and right, with four additional numeral counters at the corners. The serial number is printed in red at lower left, the series letter in red at right, and two manuscript signatures appear at the foot — one below the title "Contador" and one below "Superintendente de Bancos" / "Gerente General" — with the imprint "AMERICAN BANK NOTE COMPANY" at the very bottom margin.
Obverse lettering EL BANCO CENTRAL DE BOLIVIA
PAGARÁ AL PORTADOR A LA VISTA
La Paz, Ley de 20 de Julio de 1928.
SÉRIE Z
UN BOLIVIANO
EN ORO O GIROS-ORO
CONTADOR
SUPERINTENDENTE DE BANCOS
GERENTE GENERAL
AMERICAN BANK NOTE COMPANY.
(Translation: THE CENTRAL BANK OF BOLIVIA / Will pay the bearer on demand / La Paz, Law of 20 July 1928. / Series Z / ONE BOLIVIANO / In gold or gold drafts / Accountant / Superintendent of Banks / General Manager)
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Comments

The 1928 Bolivian currency law created a new central bank to replace the private commercial banks that had previously issued notes — the Banco Central de Bolivia was established precisely to consolidate that authority, and this 1 Boliviano belongs to the first series it ever released. American Bank Note Company handled the entire production run, which stretched long enough that three distinct signature configurations appeared across the alphabetical series, reflecting personnel changes within the bank's administration over the years the stock was drawn down.

The Arce signature exists in two distinct typeface widths — large and narrow — a detail that catches out collectors who assume series letters alone define the varieties.

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