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10 Pesos
| Issuer | Banco Hipotecario |
|---|---|
| Year | 1881 |
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| Printer | American Bank Note Company |
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| Obverse description | The obverse is printed in green and black intaglio. At center-left, a pastoral vignette portrays a seated shepherd with livestock including cattle and sheep in a rural landscape. To the upper right, a circular vignette contains a horse's head in fine engraved detail. The issuer's name "BANCO HIPOTECARIO" appears in bold lettering across the top, with the denomination "DIEZ PESOS" and date "Bogotá 1º de Octubre de 1881" inscribed in ornate script within the central field, flanked by guilloche borderwork and denomination numerals "10" at each corner. |
|---|---|
| Obverse lettering | BANCO HIPOTECARIO DIEZ Pagará al portador a la vista DIEZ PESOS EN MONEDA CORRIENTE Bogotá 1º de Octubre de 1881 EL GERENTE EL PRESIDENTE DEL CONSEJO 10 |
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| Comments |
The Banco Hipotecario was a mortgage bank, not a central or commercial institution — its notes were backed by real estate assets rather than specie reserves, an arrangement that attracted periodic scrutiny from investors and government regulators alike. By 1881, several Latin American countries had experimented with mortgage-backed paper, with mixed results, and Argentina's hypotecario system was no exception.
The American Bank Note Company imprint places production firmly in New York, where ABNC held long-standing contracts with numerous South American issuers throughout the latter half of the nineteenth century. Whether this series saw meaningful retail circulation or functioned primarily in property and credit transactions is not well documented.