1 Peso

Banco Republicano was one of several private Colombian banks authorized to issue notes under the country's free banking regime, which lasted until the government forcibly nationalized currency issuance in 1904–1905. The 1899 date places this note squarely within the War of a Thousand Days, the brutal civil conflict between Liberal and Conservative factions that began that same year and lasted until 1902 — a period during which private bank notes became increasingly difficult to redeem and public confidence in paper currency collapsed almost entirely.

Colombian private bank issues from this period are genuinely scarce in any condition; wartime disruption, subsequent demonetization, and the low survival rate of tropical-climate paper all worked against preservation.