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10 Pesos overprint on P#S308 - Banco Mobiliario

Issuer Banco Mobiliario (Chile)
Year 1898
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Printer American Bank Note Company, New York, United States
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Reverse description Printed in dark blue, the reverse carries a richly detailed guilloche pattern across the entire surface, with two large numeral medallions reading "10" positioned symmetrically at left and right. A central ornate cartouche bears the text "BANCO MOBILIARIO. CHILE." in bold lettering, framed by elaborate lathe-work scrollwork. The printer's imprint "American Bank Note Co. New-York" appears twice in the lower margin, and a black "EMISION FISCAL" overprint is applied over the design.
Reverse lettering BANCO MOBILIARIO, CHILE EMISION FISCAL LEI 1.054 DE 31 DE JULIO DE 1898 American Bank Note Co., New-York
(Translation: Mobiliario Bank, Chile Fiscal Emission Law 1,054 of July 31, 1898)
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Comments

Banco Mobiliario was one of several Chilean private banks authorized to issue notes under the 1860 banking law, and by the 1890s the system was visibly straining. This note exists because the bank needed a 10 Pesos denomination and chose the expedient of overprinting existing S308 stock rather than commissioning a fresh order from ABNC — a cost-saving measure that also compressed the turnaround time considerably.

Chilean private bank emission ended abruptly with the 1898 Ley de Conversión, which transferred note-issuing authority to the state. Many overprinted transitional notes like this one never saw prolonged circulation before being called in.

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