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1 Peso
| Issuer | Banco Nacional de la República de Colombia |
|---|---|
| Year | 1888-1895 |
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| Reference(s) | P#214 |
| Obverse description | Bicolour note printed in black and orange-red on white paper. At left, an oval intaglio vignette of the Colombian national coat of arms within an ornate guilloche border; at right, an oval portrait vignette of a uniformed military figure, believed to be Simón Bolívar, in three-quarter view. The denomination UN PESO is set in bold lettering at centre, flanked by decorative guilloche underprint, with the issuing authority title arched across the top and the payability clause Pagará al portador a la vista en moneda corriente inscribed below. Serial numbers appear in red at upper left and upper right, with a series letter at lower left and lower right. |
|---|---|
| Obverse lettering | Banco Nacional de la República de Colombia Pagará al portador a la vista Un Peso En Moneda Corriente |
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| Comments |
The Banco Nacional de la República de Colombia was established by law in 1880 to replace the chaotic patchwork of private bank emissions that had plagued Colombian commerce for decades. Its notes carried forced legal tender status — deeply controversial in a country with strong free-banking traditions and a merchant class that had grown accustomed to the notes of regional private banks.
American Bank Note Company's engraved intaglio work for Colombian government clients during this period was among the finest produced for any Latin American issuer. The 1888–1895 date span for P#214 covers years of accelerating fiscal pressure that would eventually lead to the catastrophic peso hyperinflation of the late 1890s War of the Thousand Days period.