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| 正面铭文 | EL BANCO POPULAR DE MEDELLIN PAGARÁ AL PORTADOR Y Á LA VISTA, LA CANTIDAD DE 10 DIEZ PESOS 10 DE LEY EN MONEDAS CORRIENTES Medellín, de 18 EL DIRECTOR EL CAJERO DIEZ |
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| 背面铭文 | DIEZ PESOS 10 DIEZ 10 AMERICAN BANK NOTE COMPANY, NEW YORK |
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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.