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10 Pesos

Issuer Banco Salvadoreño
Year 1915
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Reference(s) P#S204
Obverse description Olive and black note with an intricate guilloche underprint. At left, a seated allegorical female figure with a torch; at centre, a sunburst medallion flanked by two oval vignettes — at left a standing male figure and at right the Salvadoran coat of arms; at right, a second seated allegorical female figure with a cornucopia. The bank title 'EL BANCO SALVADOREÑO' appears in a bold central band, with the denomination 'DIEZ PESOS' and place of issue 'SAN SALVADOR' inscribed below; serial number panels marked 'Nº 00000' appear at lower left and lower right, with 'SERIE A' at upper left and upper right. A diagonal 'SPECIMEN' overprint crosses the lower portion of the note.
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Reverse description Printed entirely in purple-violet on white paper, the reverse is dominated by elaborate symmetric guilloche patterns. Two large oval medallions bearing the numeral '10' are set at left and right, connected by dense rosette and lathe-work fillings. The bank name 'EL BANCO SALVADOREÑO' is inscribed in a central cartouche at the top, and the numeral '10' appears in a smaller ornamental panel at the bottom centre. The imprint of the American Bank Note Company, New York is present at the lower margin.
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Comments

Banco Salvadoreño was one of several private commercial banks operating in El Salvador during the era of free banking that preceded the 1934 establishment of the Banco Central de Reserva. These institutions issued their own circulating notes under government concession, and the American Bank Note Company in New York was the prestige choice for such commissions — the ABNC imprint carried real weight with a public that had seen plenty of poorly printed domestic currency from smaller regional issuers.

The S-prefix in the Pick reference places this firmly in the private commercial bank series, distinct from government-issue paper. By 1934, when the new central bank took over note issue and private bank currency was withdrawn, most of these Salvadoreño notes were redeemed and destroyed. Survivors at any grade are thin on the ground.

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