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2 Colones

Issuer Banco Salvadoreño
Year 1920
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Shape Rectangular
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Obverse lettering EL BANCO SALVADOREÑO
Pagará a la vista al portador
DOS COLONES
SAN SALVADOR, 1° DE JUNIO DE 1920
SERIE A
ADMINISTRADOR
DIRECTOR
AMERICAN BANK NOTE COMPANY
Reverse description Printed in brown on cotton paper, the reverse centres on a large guilloche medallion bearing the numeral '2', flanked by circular vignette panels containing allegorical figures. An intricate lathe-work border frames the entire composition, with the bank name and country name lettered across the central field.
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Comments

Banco Salvadoreño was one of several private commercial banks in El Salvador authorized to issue their own currency before the government consolidated note-issuing authority under the Banco Central de Reserva in 1934. The American Bank Note Company handled a significant portion of Latin American private bank printing during this period, and the quality of the intaglio work on these Salvadoran issues is characteristically sharp.

P#S173 carries the "S" prefix in the Pick catalog, indicating a private or semi-official issuer — not a central bank note. By 1920, the writing was already on the wall for El Salvador's multi-bank currency system, making late-date examples from institutions like Banco Salvadoreño progressively harder to attribute to specific circulation windows.

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