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1 Nuevo Peso Overprinted on 1 000 Pesos
| Issuer | Banco Central del Uruguay |
|---|---|
| Year | 1975 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Violet intaglio print on plain background, with a central vignette of José Gervasio Artigas in bust portrait facing forward, framed by olive and laurel branches echoing the Uruguayan coat of arms. Black serial letters appear at upper center-left and lower right, with red eight-digit serial numbers at lower left and upper right; face value numerals are relief-printed at all four corners and the issuer name at top center. A rectangular foil insert runs vertically near the center, with a circular overprint reading 'N$ 1 / LEY No. 14.316' applied over the host 1000 Pesos note. |
|---|---|
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| Protection description | Uruguayan coat of arms positioned at left, overprinted with the surcharge 'N$ 1 / LEY No. 14.316' in a circle; repeated numeral '1000' watermark along the top and bottom center edges. Foil insert: vertical strip near center of the note. |
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| Comments |
Uruguay's 1975 monetary reform lopped three zeros off the peso, converting 1,000 old pesos to 1 nuevo peso overnight. Rather than commit immediately to an entirely new print run, the Banco Central authorized overprinting existing Thomas De La Rue stock — a stopgap that produced an awkward hybrid note carrying the ghost of the old denomination beneath the new one.
The overprint itself is the collecting interest here. Alignment inconsistencies between examples are common, a predictable consequence of applying a secondary impression to already-finished notes.