Catalog
1 Peso
| Issuer | Tesorería General de la República de Nicaragua |
|---|---|
| Year | 1881 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Black and brown intaglio print on a brown underprint, with the Nicaraguan coat of arms as a vignette at upper left and an allegorical bust of Liberty as the central vignette at lower center. The face carries the full decree text and treasury obligation in letterpress across the note under Serie I. Issued pursuant to the Decreto de 24 de Setiembre de 1881, the note bears the treasury's commitment to redeem the note at sight in gold or silver legal tender coinage. |
|---|---|
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| Reverse lettering | REPÚBLICA DE NICARAGUA (Translation: Republic of Nicaragua) |
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| Comments |
Nicaragua's first nationally issued paper money. The Tesorería General — not a central bank, but the state treasury — issued this note directly, a common arrangement in Latin America before proper banking legislation took hold. The Homer Lee Bank Note Company, though less prominent than the American Bank Note Company, was a legitimate New York security printer active through the 1880s and handled several Central American commissions during this period.
As Pick #1, this is the first catalogued note of the Nicaraguan paper money series. Survival rates for inaugural Latin American treasury issues of this decade are generally low — the political instability of 1880s Nicaragua didn't help.