15 Pesos

Honduras had no central bank in 1862 — the Estado de Honduras issued paper currency directly as a government function, making these notes instruments of the state treasury rather than any banking institution. The three manuscript signatures reflect the bureaucratic authentication process typical of Latin American fiscal paper of this period, where multiple officials co-signed to distribute accountability and reduce fraud.

The embossed seal was the primary anti-counterfeiting measure, a low-tech but legally significant device: its absence could invalidate a note entirely.