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10 Colones

Issuer Banco Nacional de Costa Rica
Year 1937
Type Standard circulation banknote
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Obverse description Provisional overprint of 'Banco Nacional de Costa Rica' and date '10 de Marzo de 1937' applied over a Banco Internacional de Costa Rica note. Central vignette shows a group of horsemen in a rural landscape with guilloche borders. Denomination '10' appears at left and right, with 'DIEZ COLONES' inscribed at base.
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Reverse description Reverse retains the original Banco Internacional de Costa Rica design, with a central octagonal medallion enclosing a portrait bust, flanked by numeral '10' at left and Roman numeral 'X' at right, set within elaborate guilloche latticework and ornamental corner devices.
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Comments

The Banco Nacional de Costa Rica was established in 1914 as a state-owned institution, but it didn't gain its modern restructured form until 1936 — meaning this 1937 note is among the earliest issues under the reorganized bank. The timing matters: Costa Rica was cautiously rebuilding its monetary framework after the disruptions of the Depression years, and the Banco Nacional absorbed functions previously split across several semi-private institutions.

Pick 191 belongs to a short-lived series that was superseded relatively quickly as the bank expanded its note designs through the early 1940s. Survivors in any honest circulated grade are harder to locate than the catalog frequency might suggest.

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