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1 Peso - Sovereign State of Panama
| Issuer | Estado Soberano de Panamá |
|---|---|
| Year | 1866-1870 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | BILLETE DE TESORERIA ESTADO SOBERANO de PANAMA UNO UNO PANAMA 12 de Octubre de 1869 Vale por UN PESO de recibo en la décima parte de toda contribución a favor del Tesoro del Estado LEI 17ª DE 1865 (Translation: Treasury note Sovereign State of Panama one one Panama October 12th., 1869 Valid for one Peso received on tenth part of all contribution to State Treasury Law 17th. of 1865) |
| Reverse description | Uniface reverse, bearing only a large mirror-image guilloche letterpress denomination 'UNO' in ornate blue printing at lower centre, with handwritten cancellation annotations in ink across the upper portion, including a dated cancellation notice and manuscript signatures of fiscal officials. |
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| Comments |
Panama issued paper currency as a sovereign state within the Granadine Confederation — and later the United States of Colombia — before losing that fiscal autonomy entirely under centralized Bogotá governance in the 1880s. These notes predate the Canal Zone by nearly four decades and were produced during a period when the isthmus still functioned as a semi-autonomous commercial hub, flush with transit revenue from the Panama Railroad.
The American Bank Note Company contract places this squarely within ABNC's busy mid-century Latin American portfolio. P#S186 is a state-issued commercial note, not a national emission — the "S" prefix in Pick signals quasi-governmental or regional authority, which here carried real legal weight during the note's active years.