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10 Pesos

Issuer República de Chile
Year 1918-1925
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Size 150 × 80 mm
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Obverse description Brown on green underprint, with a condor vignette at left and a seated allegorical female figure holding a shield at center. Two stamped seals of the Treasury Directorate and the Accounting Directorate appear on the note, alongside a single block letter in the serial number. Multiple signature varieties are known.
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Protection type Watermark
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Comments

Chile's fiscal printing house — the Imprenta Fiscal — handled this series domestically at a time when most Latin American governments still relied on European firms like Bradbury Wilkinson or the American Bank Note Company. That decision reflected the relative stability of Chilean state finances in the early 1920s, not a lack of access to foreign printers.

The watermark is the sole mechanical security measure, which left the series somewhat vulnerable. Chile suffered a serious counterfeit problem during the nitrate boom's decline, when peso depreciation created incentives and the government's ability to police currency was stretched thin.