1 Sol

Banco de Piura was one of several regional Peruvian banks granted note-issuing rights under the 1873 banking law, which opened the field to provincial institutions far from Lima's financial center. The bank was based in Piura, a northern coastal city whose economy ran on cotton and trade — a modest operation by any measure, which is why surviving notes from this issuer are genuinely uncommon.

Giesecke & Devrient had only recently established themselves as a serious security printer at this point, having been founded in Leipzig in 1852. This note is among their earlier Latin American commissions.