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100 Soles

Issuer Banco Nacional del Perú
Year 1877
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Printer American Bank Note Company
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Obverse description The horizontal note is divided into three principal design zones: at left, an engraved circular vignette contains a spaniel's head in fine intaglio; at right, an oval medallion carries a portrait of a young woman; and at centre, a black oval vignette bears a circular overprint stamp with the legend 'VISIÓN PAGADER / EMISIÓN PAGADER' alongside a date and government authorization text. The issuer's title 'BANCO NACIONAL DEL PERÚ' and the denomination 'CIEN SOLES' appear in bold letterpress across the central field, with counter panels bearing the numeral '100' at both left and right margins. A manuscript date and handwritten serial number appear in the lower register.
Obverse lettering CIEN SOLES
BANCO NACIONAL DEL PERÚ
CIEN SOLES
100
LIMITAD
VISIÓN PAGADER
EMISIÓN PAGADER
POR EL GOBIERNO
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The Banco Nacional del Perú was a private commercial bank, not a government institution — its notes circulated on the strength of its own reserves during a period when Peru was attempting to stabilize a chaotic monetary system heavily distorted by guano revenues and state debt. The bank's relationship with ABNC began in the mid-1870s, and this high-denomination note reflects the ambition, and fragility, of that project. Within a few years, the War of the Pacific had collapsed both the Peruvian economy and most of the private banking sector that had produced notes like this one.