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100 Pesos
| Issuer | Banco Nacional del Salvador |
|---|---|
| Year | 1907 |
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| Reference(s) | P#S166 |
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|---|---|
| Obverse lettering | EL BANCO NACIONAL DEL SALVADOR AMERICA CENTRAL Pagará al portador moneda á la vista y en efectivo CIEN CIEN PESOS SAN SALVADOR ABRIL 20, DE 1907 100 |
| Reverse description | Printed in blue ink, the reverse carries the bank title 'BANCO NACIONAL DEL SALVADOR' in bold lettering across the upper field, with 'SAN SALVADOR' inscribed at the lower centre; the central vignette repeats the large numeral '100' set within an intricate guilloche medallion, flanked by elaborate lathe-work ornaments and scrollwork at the corners, all enclosed within a decorative border consistent with American Bank Note Company engraving style. |
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| Comments |
Banco Nacional del Salvador was the dominant note-issuing institution in El Salvador from its founding in 1891 until the creation of the Banco Central de Reserva in 1934, which absorbed its functions and terminated outstanding circulation. By 1907, the bank operated under concession from the Salvadoran government and faced increasing competition from other chartered banks also printing ABNCo notes — making the physical similarity between competing issues a genuine problem for merchants at the time.
At the 100 Pesos denomination, surviving examples are rare. High-value notes in small economies tend to spend little time in ordinary hands and more time in commercial settlements, often returning to the issuing bank quickly and being cancelled or destroyed rather than recirculating.