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10 Centésimos Banco Nacional
| Issuer | Banco Nacional de la República Oriental del Uruguay |
|---|---|
| Year | 1887 |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Waterlow & Sons Limited, United Kingdom (1810-1961) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL de la REPÚBLICA ORIENTAL del URUGUAY PAGAREMOS AL PORTADOR Y Á LA VISTA DIEZ CENTÉSIMOS MONEDA NACIONAL ORO SELLADO CON ARREGLO A LA LEY DE 23 DE JULIO DE 1862 MONTEVIDEO 25 de Agosto de 1887 DIEZ CENTÉSIMOS (Translation: National Bank of the Oriental Republic of Uruguay We will pay to the bearer and at sight ten cents National currency sealed gold accordingly to law from July 23rd., 1862 Montevideo August 25th., 1887 Ten cents) |
| Reverse description | Central vignette of a seated woman sewing, enclosed within a circular letterpress legend bearing the issuer name. The face value in words appears across the top, with numeral counters positioned near each of the four corners. |
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| Comments |
Waterlow & Sons held the contract for much of Uruguay's early paper currency, and this 10 Centésimos sits within that long working relationship. What makes the denomination notable is how small it is for a banknote — fractional paper currency of this type was issued because Uruguay's coin supply in the 1880s was chronically insufficient for everyday retail transactions, a problem common across Latin America during this period of monetary reorganization.
The Banco Nacional itself had a short institutional life, operating only until the financial crisis of 1890 brought down several of Uruguay's private banks of issue.