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10 Soles Compañia de Obras Públicas y Fomento del Perú

Issuer Compañía de Obras Públicas y Fomento del Perú
Year 1876
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Size 165 × 75 mm
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Obverse description Central vignette shows a worker in the foreground with a train emerging from a tunnel in the background, the whole framed by the issuer's title arched across the top. The face value "DIEZ" appears in large numerals at upper left and upper right corners, flanked by series letters and black serial numbers on each side. Signatures of the Director and President appear at lower left and right respectively, with the place and date of issue inscribed below the central vignette.
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Reverse lettering COMPAÑIA DE OBRAS PUBLICAS Y FOMENTO DEL PERU
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Comments

The Compañía de Obras Públicas y Fomento del Perú was a private infrastructure concessionaire, not a bank — its note-issuing authority derived from concession arrangements with the Peruvian government during the guano-boom years, when Lima was financing public works through a tangle of private contracts rather than direct state spending. By 1876, that boom had already collapsed, and Peru was sliding toward the fiscal crisis that would deepen into the catastrophic borrowing defaults of the late 1870s.

The National Bank Note Company's listed operational dates end in 1872, yet this note is dated 1876 — almost certainly printed from plates produced earlier and held in inventory, a common arrangement with American security printers of that period.

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