1 Peso

The Tesorería Nacional — the national treasury, not a central bank — issued directly in Guatemala during a period when no formal banking institution held a monopoly on paper currency. The 1882 series predates the establishment of the Banco de Guatemala and reflects a transitional moment when the state itself served as issuer of last resort. ABNC engraved and printed the notes in New York, a common arrangement for Latin American governments that lacked domestic intaglio capacity.

Pick 4 is genuinely scarce. Treasury-issued notes from this period circulated hard in a cash-starved economy and few survived in any condition.