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1 Peso Banco Agricola
| Issuer | Banco Agrícola de Chile |
|---|---|
| Year | 1887 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Compañía Americana de Billetes de Banco, Nueva York Santiago, Marzo 1 de 1887. EL BANCO AGRICOLA UNO Pagara al portador á la vista en Santiago de Chile UN PESO moneda corriente. Superintendente de la Casa de la Moneda, Por el banco (Translation: American Bank Note Company, New York Santiago, March 1, 1887. The Agricola Bank One Will pay to bearer at sight in Santiago One Peso in currency Superintendent of Casa de la Moneda, by the bank) |
| Reverse description | Log in to see details |
| Reverse lettering | EL BANCO AGRICOLA. CHILE (Translation: The Agricola Bank. Chile) |
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| Comments |
The Banco Agrícola de Chile was one of several private Chilean banks authorized under the 1860 banking law, which permitted note-issuing privileges without requiring full specie backing — a deliberate policy choice that fueled agricultural credit but also chronic over-issue. By the mid-1880s, Chilean private banknotes were circulating at discounts that varied wildly by region and issuer reputation.
ABNC engraved the plates in New York, as they did for most Latin American private banks of this period. The S-prefix in the Pick catalogue designates this as a state or private commercial bank issue rather than a central authority note.