10 Venezolanos

The Compañía de Crédito was one of several private Venezuelan banking institutions chartered in the early 1870s under legislation that briefly opened the country to commercial banking after decades of government monopoly. It did not survive long — Venezuelan private banking of this period was chronically undercapitalized, and most of these institutions collapsed or lost their issuing privileges before the end of the decade.

ABNC produced the plates in New York, as they did for the majority of Latin American private bank issues of the period. The S-prefix Pick reference signals unissued or specimen status in most surviving examples, which raises the real question of how much actual paper from this series ever reached circulation at all.