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10 Colones

Issuer Banco Nacional de Costa Rica
Year 1937
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Value 10 Colones
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Obverse description Provisional Type D overprint of 'BANCO NACIONAL DE COSTA RICA' in black letterpress over an earlier Banco Internacional de Costa Rica note dated 3 de Noviembre de 1937. Central vignette shows a rural agricultural scene in orange intaglio, with series letter 'E' and serial number repeated at left and right. Departamento Emisor and Caja de Conversion inscriptions appear in the overprint panel.
Obverse lettering BANCO NACIONAL DE COSTA RICA
BANCO INTERNACIONAL DE COSTA RICA
DEPARTAMENTO EMISOR
CAJA DE CONVERSION
DIEZ COLONES
Serie E
San José, 3 de Noviembre de 1937
Acuerdo N°3
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Comments

The Banco Nacional de Costa Rica was created in 1914 as a state institution with a monopoly on banknote issuance, consolidating what had been a fragmented system of private bank circulation. By the mid-1930s, the political pressure to finance public works and agricultural credit through the national bank was considerable, and the note series of this period reflects that expanded role.

Pick 199 is not rare, but 1937-dated examples in honest circulated condition are harder to place than the catalog frequency suggests — heavy use in commercial transactions took a predictable toll on the paper.

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