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1 Peso Oro
| Issuer | Banco de la República |
|---|---|
| Year | 1929-1954 |
| Type | Log in to see details |
| Value | 1 Peso (1 COP) |
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| Composition | Log in to see details |
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| Obverse description | Blue on multicolor underprint. At left, a portrait vignette of General Francisco de Paula Santander is accompanied by a standing allegorical male figure, while a bust of Simón Bolívar appears at right. Intricate guilloche patterns frame the central design elements throughout the face. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed entirely in blue, the reverse is dominated by a central oval vignette of a classical Liberty head in profile, enclosed within elaborate interlocking guilloche rosettes and ornamental scrollwork. The issuer's name arcs around the central medallion, with the denomination numeral "1" repeated in each corner cartouche. The imprint of the American Bank Note Company appears in small lettering along the lower margin. |
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| Comments |
The Banco de la República was established in 1923 under direct pressure from the Kemmerer Mission — the U.S. financial advisory commission sent to restructure Colombia's monetary system after decades of chronic instability. The 1 Peso Oro was among the first notes issued under the new regime, and its long print run through 1954 reflects just how stable the low denomination proved to be relative to the inflation-driven chaos that eventually retired it.
ABNC held the contract throughout the entire series lifespan. The "Oro" designation was not decorative — it specified convertibility to gold-backed currency, a promise that became increasingly nominal as Colombia suspended gold convertibility during the 1930s Depression.