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10 Colones

Issuer Banco Central de Reserva de El Salvador
Year 1934
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Size 170 × 75 mm
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Reverse description Printed in olive. A circular intaglio portrait vignette of Christopher Columbus occupies the centre, surrounded by elaborate guilloche scrollwork. The national coat of arms of El Salvador appears at the left, with the denomination numeral '10' repeated in each corner; the printer's imprint 'AMERICAN BANK NOTE COMPANY' is lettered at the bottom margin.
Reverse lettering BANCO CENTRAL DE RESERVA DE EL SALVADOR 10
(Translation: Central Reserve Bank of El Salvador)
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Comments

El Salvador's Banco Central de Reserva was itself only established in 1934, created by legislative decree in July of that year as part of a broader monetary restructuring following the collapse of coffee prices and the fiscal damage of the early Depression years. This note is among the earliest issues from that institution — the bank had barely begun operations when these were printed.

The ABNC held long-running contracts with numerous Central American republics through this period, and the engraving quality reflects that familiarity. Pick 78 is scarcer than the 1- and 5-colón denominations from the same series, likely due to lower print runs at the higher face value.