10 Pesos

The Banco Popular de Medellín was a regional private bank operating during Colombia's so-called "free banking" period, when the 1880 banking legislation allowed departmental and private institutions to issue their own currency. The American Bank Note Company supplied engraved notes to dozens of Latin American issuers during this period, and the Medellín bank was among the smaller Colombian clients — which makes surviving examples proportionally scarcer than issues from the larger Bogotá-based banks.

Colombia's chaotic monetary unification in the 1880s and 1890s eventually rendered all such private issues obsolete, and many were recalled and destroyed rather than allowed to circulate to exhaustion.