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1 Peso

Issuer República de Colombia
Year 1904
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Shape Rectangular
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Obverse lettering REPÚBLICA DE COLOMBIA
$1
Billete por valor de
UN PESO
Amortizable conforme a las leyes
Bogotá, Abril de 1904
El Ministro del Tesoro
El Tesorero General de la República
Waterlow & Sons Ld Londres Inglaterra
Reverse description The reverse is engraved in a purple-violet intaglio style and centres on a large circular vignette enclosed by a bold 'REPÚBLICA DE COLOMBIA' legend, within which a tropical pastoral scene shows figures among palm trees and lush vegetation. The central medallion is flanked on both sides by large numeral '1' counters set within elaborate guilloche rosette panels. A signature line for the Secretario de la Junta Nacional de Amortización and the printer's imprint appear at the foot of the note.
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Comments

Colombia's 1904 peso issues came out of a deeply unstable monetary period. The Thousand Days War (1899–1902) had wrecked government finances, and the Estado Soberano system had collapsed — in its aftermath, Bogotá was trying to reassert central monetary authority while simultaneously managing enormous war debts. Paper issues of this period were backed by nothing credible, and public trust was essentially absent.

Waterlow & Sons had handled Colombian printing contracts intermittently since the nineteenth century. Their Londres production for this series was typical of the arrangement: engraving and presswork done in England, shipped to Colombia for official validation and release. The distinction matters when attributing responsibility for printing quality versus issuance decisions.

P#309 is among the less commonly encountered survivors from this chaotic transitional window before the Banco de la República's eventual establishment in 1923.

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