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1 Nuevo Peso Overprinted on 1 000 Pesos

Issuer Banco Central del Uruguay
Year 1975
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Value 1 New Peso (1 Nuevo Peso) (1 UYN)
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Obverse lettering 1000 BANCO CENTRAL DEL URUGUAY 1000 SERIE A (serial numbers) N$ 1 LEY Nº 14.316 PAGARÁ AL PORTADOR Y A LA VISTA MIL PESOS MONEDA NACIONAL (serial numbers) SERIE A Gerente General Secretario General Presidente 1000 1000
(Translation: 1000 Central Bank of Uruguay 1000 Serial A N$ 1 Law # 14,316 Will pay to the bearer and at sight one thousand Pesos national currency Serial A General Manager General Secretary President 1000 1000)
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Reverse lettering BANCO CENTRAL DEL URUGUAY 1000 1000 1000 MIL PESOS 1000 THOMAS DE LA RUE & COMPANY, LIMITED
(Translation: Central Bank of Uruguay 1000 1000 1000 One Thousand Pesos 1000 Thomas de la Rue & Company, Limited)
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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.

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