Catalog
1 Sol
| Issuer | Junta Administradora y de Vigilancia de la Emisión Fiscal, República del Perú |
|---|---|
| Year | 1879 |
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| Value | 1 Sol |
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|---|---|
| Obverse lettering | LA REPÚBLICA DEL PERÚ PAGARÁ AL PORTADOR UN SOL UNO LIMA JUNIO 30 DE 1879 POR LA JUNTA ADMINISTRADORA Y DE VIGILANCIA DE LA EMISIÓN FISCAL |
| Reverse description | Central vignette of a coastal harbour scene with a steamship, set within an elaborate lathe-work border of guilloche rosettes and ornamental cornerpieces. The legend REPÚBLICA is inscribed at the top and DEL PERÚ at the bottom within rectangular cartouches. A large circular administrative cancel stamp is visible at centre right. |
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| Comments |
Peru's fiscal emission board — the Junta Administradora y de Vigilancia de la Emisión Fiscal — was established by emergency decree in 1879 specifically to fund the War of the Pacific, which had broken out that same year against Chile. These notes were an instrument of wartime finance, not routine monetary policy, and the decision to contract the American Bank Note Company in New York reflected both the absence of adequate domestic printing capacity and a desire for security features that local printers could not supply.
The war went catastrophically for Peru. Chilean forces occupied Lima in January 1881, and the fiscal emission notes lost nearly all practical value long before any formal demonetization. Survivors are scarce precisely because very few people had reason to preserve them.