1 Peso Moneda Boliviano

Banco J. Benites é Hijo was a private commercial bank operating in Bolivia during the brief window between independence-era monetary chaos and the later wave of formal banking legislation. The 1867 date places this note squarely in the period when the "moneda boliviano" system was being consolidated after decades of fractional and debased coinage — private bank issuance was one pragmatic response to chronic coin shortages in circulation.

ABNC produced the plates in New York, as they did for dozens of Latin American private banks during this period. The PS prefix in the Pick reference indicates private bank issue, and Bolivian private bank notes of this vintage survive in very small numbers — institutional banking in Bolivia remained fragile, and most such banks collapsed or were absorbed before 1900.