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1 Peso Boliviana

Issuer Banco Oxandaburu y Garbino
Year 1869
Type Local banknote
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Obverse description Green and black intaglio-printed note with a central vignette of a cow and calf in a pastoral landscape. To the lower left, an oval portrait vignette of a young girl, and to the lower right, an oval vignette of a reclining female figure in a rural setting. The denomination 'UN PESO' appears as a large green guilloche underprint across the centre, with 'UNO' repeated in the side borders and corner medallions bearing the numeral '1'.
Obverse lettering EL BANCO
OXANDABURU Y GARBINO
pagará al portador y a la vista
UN PESO BOLIVIANA
Ó SU EQUIVALENTE EN MONEDA LEGAL
Gualeguaychú, 2 Enero de 1869
Compañía Americana de Billetes de Banco Nueva York
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Comments

Banco Oxandaburu y Garbino was a short-lived private commercial bank operating in Bolivia during the brief window of free banking that preceded the country's more regulated monetary period. The 1869 date places this note among the earliest formally printed issues circulating in Bolivia, at a time when silver mining revenues were fueling speculative banking ventures that often outpaced any realistic reserve backing.

The American Bank Note Company contract is the detail worth noting: ABNC was producing paper for dozens of Latin American private banks simultaneously during this period, and the engraved plates were frequently shared or adapted across clients. PS#1782 is rare enough that survivorship itself is the story.

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