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1 Peso overprint on P#S283 - Banco de D.Matte, Mac Clure y Cia
| Issuer | República de Chile (Emisión Fiscal) |
|---|---|
| Year | 1898 |
| Type | Standard circulation banknote |
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| Obverse description | Black and blue letterpress on violet paper, reused stock from Banco de D.Matte, Mac Clure y Cía (P#S283). The face carries a hay-gathering vignette at left, a central male figure, and a ships vignette at right. Two round fiscal validation stamps of types I and III are applied over the original bank note design. |
|---|---|
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| Reverse description | Violet paper with a central black overprint applied by letterpress authority, consisting of a guilloche oval cartouche with numeral "1" underprints at left and right flanking the central legend. The overprint asserts the note's new fiscal character under Law 1,054 of July 31, 1898. |
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| Comments |
Chile's Emisión Fiscal series emerged from the 1878 forced inconvertibility law, which suspended the gold standard and authorized the state to guarantee private banknote issues — a stopgap that dragged on for two decades. By the late 1890s, the government was overprinting surviving stocks of private bank paper rather than commissioning new printings, which is precisely what produced this note: a fiscal overprint applied to existing Banco de D. Matte, Mac Clure y Cia stock, converting a private obligation into a government-guaranteed instrument.
The underlying bank had already ceased independent operation before the overprint was applied. Surviving examples often show the tension between the original engraving quality and the cruder overprint registration.