100 Pesos overprint on P#25 - Republica de Chile

Pick 25 was Chile's standard 50 Pesos note; when the government needed 100 Pesos notes in a hurry, the simplest solution was to overprint existing stock rather than commission an entirely new plate. The American Bank Note Company had printed the underlying notes anyway, so the overprint work stayed in the same hands.

The 1898 timing coincides with Chile's ongoing monetary instability following the suspension of gold convertibility in 1878 — a suspension that dragged on for decades and repeatedly forced improvised stopgap measures like this one.