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| 正面铭文 | BANCO CENTRAL DE CHILE DIEZ PESOS UN CONDOR CONVERTIBLES EN ORO CONFORME A LA LEY CASA DE MONEDA DE CHILE (Translation: Central Bank of Chile Ten Pesos One Condor Convertible in Gold According to the Law. Chile Mint) |
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| 防伪描述 | Portrait watermark of Diego Portales |
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Chile's Casa de Moneda — the national mint — took over banknote printing for the Banco Central in the 1950s, reducing dependency on foreign security printers that had supplied Chilean notes since the early twentieth century. The transition was not seamless; early domestic runs showed inconsistencies in ink density and registration that collectors familiar with the series can identify without magnification.
The P#120 corresponds to the final years of the old peso before the 1960 monetary reform replaced it with the escudo at a rate of 1,000 to 1 — one of the more extreme revaluations in Chilean monetary history.