Catalog
10 Pesos
| Issuer | Banco Nacional de la República de Colombia |
|---|---|
| Year | 1886 |
| Type | Log in to see details |
| Value | 10 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO NACIONAL DE LA REPÚBLICA DE COLOMBIA Nº PAGARAÁ AL PORTADOR A LA VISTA DIEZ PESOS BOGOTÁ SEPTIEMBRE 15 DE 1886 Serie |
| Reverse description | The reverse is printed in a blue-green tone with a large central vignette repeating the allegorical composition of two flanking figures and the Colombian arms, enclosed within an elaborate guilloche frame. The denomination 'DIEZ PESOS' is inscribed in large letters across the upper portion, with the numeral '10' at the lower right corner. Decorative rosette and lathe-work panels fill the left and right margins. |
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| Comments |
The Banco Nacional de la República de Colombia was established by Law 39 of 1880 as a state-owned institution with the exclusive privilege of issuing currency — a direct move by the Núñez administration to centralize monetary control away from the private regional banks that had dominated Colombian finance for decades. This note belongs to the bank's early emission period, when the American Bank Note Company supplied the printed sheets from New York and the Bogotá office completed the authorization details by hand.
By 1886 the bank's forced-currency decrees were already generating serious resistance from merchants and foreign creditors. The peso quickly depreciated, and later emissions of the same series were produced in vastly larger quantities as the government monetized its deficits — making the 1886-dated notes considerably scarcer than the run of the type suggests.