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10 Colones

Issuer Banco Central de Reserva de El Salvador
Year 1962-1966
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Value 10 Colones (10 SVC)
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Reverse description Brown intaglio print on plain paper, centred on a circular portrait vignette of Christopher Columbus — inscribed CRISTOBAL COLON on a ribbon cartouche below — enclosed within elaborate guilloche lacework; the denomination numeral 10 and Roman numeral X appear at left and right corners respectively, with the bank title across the top and DIEZ COLONES in bold lettering along the lower border.
Reverse lettering BANCO CENTRAL DE RESERVA DE EL SALVADOR 10 X DIEZ COLONES CRISTOBAL COLON
(Translation: Central Reserve Bank of El Salvador Ten Colons Christopher Columbus)
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Comments

The Banco Central de Reserva de El Salvador was established in 1934 following the collapse of the private banking system during the global depression — previously, note issuance had been fragmented across competing commercial banks. By the 1962–1966 period, the Central Reserve Bank had consolidated monetary control entirely, and Thomas De La Rue's involvement reflects the institution's preference for prestige security printing over regional alternatives available through the 1950s and 60s.

De La Rue supplied El Salvador across multiple series during this period, and P#103 shares its general printing architecture with several concurrent denominations — which occasionally creates confusion in date attribution when signatures change mid-run without a new pick number assigned.