10 Pesos

Honduras declared independence from the Central American Federation in 1838, and by 1848 the state government was issuing its own paper currency — a relatively early move for Central American fiscal administration. The Pick 3 is one of the genuinely scarce early Honduran issues; few examples have surfaced at auction, and survivorship is poor given the country's political instability through the mid-nineteenth century and the indifference to archival preservation that accompanied it.

Almost nothing is documented about the printer. Attribution remains open.