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1 Peso

Issuer Estado de Honduras
Year 1848
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Composition Paper
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Obverse description Plain typeset note with a simple letterpress border of repeated ornamental devices framing the entire note. At centre, a wreath vignette encloses the text "VALE UN PESO" with a circular legend referencing the legislative decree and date; a wax seal is applied at centre. To the left, a vertical panel bears the italic script inscription "ESTADO DE HONDURAS". At upper centre, the serial number is hand-written in manuscript. Three signature lines appear at the foot, each captioned with the title of the official.
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Reverse description The reverse of this note is not separately documented; only the single-sided obverse face is recorded for this issue.
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Honduras issued its first domestic paper money in 1848, when the Estado de Honduras — not a central bank, but the state government itself — put these notes into circulation. The absence of any banking infrastructure meant the note relied on a wax seal as its primary authentication, a pre-industrial security measure already considered obsolete in most contemporary note-issuing jurisdictions. Central American paper currency of this vintage is exceptionally rare at auction; most issues from the region in this period were redeemed, destroyed, or simply rotted in tropical conditions.