Catalog
1 Peso
| Issuer | Banco López |
|---|---|
| Year | 1921 |
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| Printer | American Bank Note Company |
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| Obverse description | The obverse is dominated by a central vignette of a volcanic mountain landscape set within an oval frame, flanked on both sides by elaborate guilloche underprint panels with numeral '1' medallions. Serial number appears in the upper corners. A dark overprint band crosses the upper portion of the note bearing the bank and issuer text. The overall design is executed in green and brown intaglio on a lightly tinted paper stock. |
|---|---|
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| Reverse description | The reverse is printed in dark green and carries a central text block detailing the legal authorization of the note, referencing Ley 31 of 1918 and Decreto 24 of 1920, set within a guilloche border. The issuer name 'BANCO LOPEZ' appears in large bold lettering at the top beneath the heading 'BONO BANCARIO / EMITIDO POR EL'. The lower portion bears the denomination 'UN PESO / MONEDA LEGAL' and a signature line attributed to the Junta de Vigilancia. |
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| Comments |
Banco López was a private commercial bank operating out of Paraguay, and its 1921 issues printed by the American Bank Note Company represent the tail end of an era when Paraguayan private banking still had any meaningful footing. The country's financial sector had never fully recovered from the destruction of the War of the Triple Alliance, and by the early 1920s the government was steadily consolidating currency issuance away from private institutions toward what would become the Banco de la República.
ABNC's New York plant handled the printing of numerous Latin American private bank issues during this period, often working from standardized plate frameworks adapted per client. Pick S571 sits in a series that includes higher denominations, all equally scarce — Banco López notes rarely survived in quantity.