10 Pesos

Venezuela's pre-federal period banking infrastructure was essentially nonexistent in 1860, and the República issued these notes under considerable fiscal strain — the country was still recovering from the Federal War, which erupted that same year and would grind on until 1863. Whether notes of this emission actually reached meaningful circulation during active hostilities is doubtful; wartime hoarding and destruction account for the extreme scarcity of surviving examples across the entire early Venezuelan paper series.

Pick 21 is among the rarest catalogued Venezuelan issues of the nineteenth century. Authentication is the primary concern with any example that surfaces.