1 Peso

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Legenda del dritto	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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Legenda del rovescio	REPUBLICA DE CHILE EL BANCO DE CONCEPCION CONCEPCION AMERICAN BANK NOTE COMPANY, NEW YORK
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Commenti	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.