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1 Peso

Issuer Banco Occidental
Year 1914
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Currency Peso (1910-1925)
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Reverse description Executed entirely in dark blue ink over an intricate engine-turned guilloche ground, the reverse presents a central oval vignette of an allegorical winged female figure with a radiant star diadem, set within an elaborate lathe-work border. The denomination 'UN PESO' appears in panels to either side of the vignette, with 'BANCO' at the apex and 'REPÚBLICA DE EL SALVADOR' along the lower border. The printer's imprint 'NEW YORK BANK NOTE CO.' is lettered at the foot.
Reverse lettering BANCO
UN PESO
UN PESO
REPÚBLICA DE EL SALVADOR
NEW YORK BANK NOTE CO.
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Comments

Banco Occidental was a regional Colombian bank operating out of Cali, and by 1914 it was already on borrowed time — the Law 51 of 1928 would eventually nationalize currency issuance entirely, but the earlier Ley 33 of 1903 had already set the framework that squeezed private banks out of note-issuing privileges over the following decade. This note was printed by the New York Bank Note Company, a firm that handled substantial Latin American commercial bank work in the early twentieth century before merging into the American Bank Note Company in 1879 — which raises a cataloguing question, since by 1914 the NYBНC had technically been absorbed, and surviving imprints bearing that name on later dates may reflect plate reuse or a retained trade imprint rather than an independent operation.

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