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1 Peso overprint on P#S131 - Banco de José Bunster
| Issuer | República de Chile (Fiscal Emission) |
|---|---|
| Year | 1898 |
| Type | Log in to see details |
| Value | 1 Peso |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Black print on yellow-orange guilloche underprint. Portrait of a man at right, a female allegorical figure of Fortune leaning on a wheel at left, and an angel vignette derived from Raphael's Sistine Madonna at center. Two circular fiscal validation stamps of types I and III applied over the original Banco de José Bunster note (P#S131). |
|---|---|
| Obverse lettering | Log in to see details |
| 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. |
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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.