Catalog
1 Peso Boliviano
| Issuer | Oxandaburu y Garbino |
|---|---|
| Year | 1867 |
| Type | Local banknote |
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| Obverse description | The obverse carries the firm name OXANDABURU Y GARVINO in large bold lettering across the upper centre, with a date inscription at upper right reading Cochabamba, December 1867. A standing female figure in classical robes is printed as a vignette to the left, and a seated male figure appears to the right. The central text PAGARAN AL PORTADOR A LA VISTA is printed above the large denomination panel UN PESO BOLIVIANO, with a manuscript signature at the lower right. |
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| Obverse lettering | OXANDABURU Y GARVINO PAGARAN AL PORTADOR A LA VISTA UN PESO BOLIVIANO Cochabamba, Diciembre de 1867 |
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| Comments |
Oxandaburu y Garvino was a private merchant house operating out of Cochabamba, and their 1867 peso boliviano issues belong to a short window when Bolivian commercial firms could — and did — issue their own paper currency in the near-total absence of a functioning national bank. The Banco Nacional de Bolivia wasn't established until 1871, leaving inland trade dependent on exactly these kinds of merchant scrip arrangements.
Cochabamba's geographic isolation from the coast made metallic currency scarce and slow to circulate. Notes like this one filled a local gap. The PS prefix in the Pick catalogue places it firmly in the speculative/private issues section — survival rate is low, and authenticated examples are rarely offered.