Catalog
1 Sol
| Issuer | Compañia de Obras Públicas y Fomento del Perú |
|---|---|
| Year | 1876 |
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| Reference(s) | P#S241 |
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|---|---|
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| Reverse description | Printed in green. The centre carries a large ornate guilloche panel inscribed 'COMPAÑIA DE OBRAS PUBLICAS Y FOMENTO DEL PERU', surrounded by intricate lathe-work borders. A circular seal of the Compañia Nacional de Billetes de Banco appears at the right, and a white-on-green numeral '1' medallion is positioned at the left. The legend 'UN SOL/UN SOL' repeats in the border bands on all four sides. |
| Reverse lettering | COMPAÑIA DE OBRAS PUBLICAS Y FOMENTO DEL PERU UN SOL UN SOL IUN SOL American Bank Note Company, New York Compañia Nacional de Billetes de Banco, New York |
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| Comments |
The Compañia de Obras Públicas y Fomento del Perú was a private infrastructure concessionaire — not a bank — granted note-issuing privileges as part of its arrangement with the Peruvian state during the 1870s boom in public works financing. That arrangement collapsed spectacularly. Peru's guano revenues were already in steep decline, the War of the Pacific was four years away but the fiscal stress that would enable it was already accumulating, and quasi-private paper of this kind was among the first casualties when confidence broke.
ABNC produced the plates in New York. Surviving examples from this issuer are genuinely uncommon.