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1 Peso overprint on P#S131 - Banco de José Bunster

Issuer República de Chile (Fiscal Emission)
Year 1898
Type Standard circulation banknote
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Reverse description Red-brown guilloche underprint with ornate lathe-work panels and numeral "1" counters at left and right corners, with central denomination panel reading "UN PESO"; a large black two-line overprint reading "EMISION FISCAL" and "LEI 1054 DE 31 DE JULIO DE 1898" applied diagonally across the entire face of the reverse, converting the private bank note into a government fiscal emission.
Reverse lettering EMISION FISCAL LEI 1054 DE 31 DE JULIO DE 1898
(Translation: Fiscal Emission Law No. 1054 of July 31, 1898)
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Comments

In the late 1890s, Chile's government exercised its right to overprint existing private bank stock as fiscal currency — a pragmatic solution to chronic note shortages that required no new engraved plates. The Bunster bank base note (P#S131) was already in circulation when the Treasury commandeered unissued remainders for this purpose.

The ABNC connection here is incidental to the overprint itself, which was applied in Chile. Collectors frequently misattribute the full production to New York; the American Bank Note Company printed the original Bunster plates, but the fiscal overprint conversion happened domestically.

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