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1 Peso

Issuer Banco de Concepción
Year 1885
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Reference(s) P#S176
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Obverse lettering BANCO DE CONCEPCION
Concepcion, Chile, Enero de 18
PAGARA AL PORTADOR A LA VISTA, EN CONCEPCION
UN PESO
EN MONEDA CORRIENTE
SUBINTENDENTE DE LA CASA DE MONEDA
Contador
Director Gerente
American Bank Note Co. New York
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Reverse lettering REPUBLICA DE CHILE
EL BANCO DE CONCEPCION
CONCEPCION
AMERICAN BANK NOTE COMPANY, NEW YORK
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Comments

Banco de Concepción was one of several Chilean provincial banks authorized under the 1860 Ley de Bancos, which allowed private institutions to issue their own circulating notes — a decentralized arrangement that persisted until the Banco Central de Chile consolidated issuance authority in the 1920s. The American Bank Note Company handled engraving and printing for a number of these Chilean provincial issuers during the latter half of the 19th century, often supplying high-security intaglio work that local printers could not match.

Concepción, the issuing city, was the commercial hub of Chile's southern provinces, giving this note a genuine regional circulation role rather than merely a nominal one.