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1 Peso overprint on P#11 - Republica de Chile
| Issuer | República de Chile |
|---|---|
| Year | 1898 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Old peso (1835-1959) |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in green. The centre carries the issuer name within an elaborate guilloche design, with the face value numeral placed above and below as well as to the left of the issuer name; an oval text panel appears to the right. A red overprint reading EMISION FISCAL is applied over the design. |
| Reverse lettering | REPÚBLICA de CHILE ESTE BILLETE ES MONEDA LEGAL PARA LA SOLUCION DE TODA ESPECIE DE OBLIGACIONES, CUALESQUIERA QUE SEAN SU FECHA I LOS TÉRMINOS EN QUE ESTÉN OTORGADOS. LEI DE 10 DE ABRIL DE 1879. EMISION FISCAL LEI 1.054 DE 31 DE JULIO DE 1898 (Translation: Republic of Chile This note is legal currency to settle all kinds of debts, whatever their date and the terms under which they were granted. Law of April 10, 1879. Fiscal Emission Law 1,054 of July 31, 1898) |
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| Comments |
Chile's fiscal situation in the 1890s was chaotic enough that the government repeatedly resorted to overprinting existing stock rather than commissioning entirely new printings. This note is P#11 reworked — the original plate design pressed back into service with a 1 Peso denomination stamped over it, a stopgap measure that was hardly unusual for the period but tells you something about the pace at which the treasury was burning through its paper supply.
The American Bank Note Company handled the original printing in New York, as it did for much of Latin America's currency during this period. ABNC's contractual relationship with Chile ran across multiple series and decades.