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10 Dollars

Issuer Banco Nacional de Cuba
Year 1905
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Currency Pre-Republic (1870-1898)
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Obverse description The issuer's name in both Spanish and English appears at the top of the note, with a central vignette of Tomás Estrada Palma, first President of Cuba. The face value is rendered in Roman numerals and text on the lateral borders, with Arabic numerals positioned below the portrait vignette. Printed in black.
Obverse lettering BANCO NACIONAL DE CUBA NATIONAL BANK OF CUBA EL BANCO NACIONAL DE CUBA PAGARÁ AL PORTADOR Á LA PRESENTACIÓN EN SU OFICINA DE LA CIUDAD DE LA HABANA LA CANTIDAD DE DIEZ DOLLARS X DIEZ DOLLARS X ORO, Ó SU EQUIVALENTE EN MONEDA CORRIENTE DE LOS E. U. DE AMERICA 10
(Translation: National Bank of Cuba National Bank of Cuba The National Bank of Cuba will pay to the bearer, on its presentation at office on Havanna city the amount of Ten Dollars X (roman numbers) Ten Dollars (roman numbers) Gold, or its equivalent on currency of the United States of America 10)
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Comments

The Banco Nacional de Cuba was established in 1901 under U.S. occupation, and its early note issues reflect that political reality entirely — ABNC-printed, dollar-denominated, and structurally modeled on U.S. commercial banking paper rather than anything with Spanish-colonial precedent. The bank's charter was granted under the Platt Amendment framework, which meant Washington retained significant leverage over Cuban monetary affairs through this period.

Pick 68D belongs to a short-lived series. The Banco Nacional was liquidated in 1921 following the severe banking crisis that wiped out most of Cuba's domestically chartered institutions after the postwar sugar price collapse. Surviving notes from the 1905 issues are scarce partly because the bank's paper saw genuine commercial use during a boom decade.

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