1 Peso

Guatemala's first nationally issued paper peso, printed before the country had established its own fiscal infrastructure capable of handling note production domestically. The Tesorería Nacional — the national treasury, not a central bank — was the issuing body, a distinction that matters: these notes circulated on the government's direct credit rather than through any banking intermediary, a fragile arrangement in a country where silver coin still dominated everyday exchange and paper remained deeply distrusted.

ABNC's New York workshops produced the plates; Pick 1 status means nothing preceded it in standardized Guatemalan national paper currency.