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1 Peso - Banco de Quito
| Issuer | Banco de Quito |
|---|---|
| Year | 1880 |
| Type | Log in to see details |
| Value | 1 Peso |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Banco de Quito Vale Un Peso en Moneda Corriente Quito, enero 2 de 1880 (Translation: Bank of Quito Worth One Peso in Currency Quito, 2nd of January, 1880) |
| Reverse description | The reverse is printed in brown and composed entirely of intricate guilloche lacework and ornamental rosette patterns arranged symmetrically around a central horizontal band bearing the bank name "BANCO DE QUITO" in bold serif lettering. Large numeral "1" counters appear within oval guilloche frames at each side, and the printer's imprint of the American Bank Note Company is visible at the lower margin. |
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| Comments |
The Banco de Quito was one of Ecuador's earliest private commercial banks, chartered in 1868 and operating during a period when the country's note-issuing system was fragmented across several regional institutions. ABNC supplied plates and printed notes for a significant number of Ecuadorian banks during this period, and the quality differential between their product and locally printed alternatives was considerable — a practical reason why provincial banks sought New York suppliers despite the logistical cost.
P#S241 falls in the "S" (Specialized) series, indicating a private bank rather than a national authority issue. Surviving examples are scarce; Ecuadorian private bank paper from the 1880s suffered heavy attrition during subsequent currency reforms.