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1 Peso Fuerte
| Issuer | Banco J. Benites é Hijo |
|---|---|
| Year | 1868 |
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| Reference(s) | P#S1562 |
| Obverse description | Black and orange intaglio-printed note. The central vignette presents an allegorical female figure in an oval medallion, flanked on the upper left by a sailing ship at sea and on the upper right by a steam locomotive, both rendered in fine line engraving. Reclining allegorical figures appear at the lower left and lower right corners, with large ornate numeral "1" counters at the extreme corners. The issuer's name "BANCO J. BENITES é HIJO" appears in bold lettering across the centre, with the denomination "UN PESO FUERTE" and the reference to "CINCO PESOS FUERTES" in the body text below. |
|---|---|
| Obverse lettering | BANCO J. BENITES é HIJO UN PESO FUERTE CINCO PESOS FUERTES AL PORTADOR |
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| Comments |
Banco J. Benites é Hijo was a private commercial bank operating in Paraguay, and this 1868 note was issued during an extraordinarily precarious moment — the War of the Triple Alliance was still grinding through its final phase, having already destroyed a significant portion of Paraguay's adult male population and gutted its economy. That a private bank was issuing peso fuerte notes at all during this period speaks to the near-total collapse of state monetary infrastructure.
The American Bank Note Company contract is the detail worth noting. ABNC printed for dozens of Latin American private banks in this period, and the plates were often prepared in advance of — or regardless of — actual issuing conditions on the ground.