2 Pesos

Vorderseitenbeschreibung	Plain typeset note within a decorative border of repeated ornamental units. At centre, an oval wreath encloses the text VALE / DOS PESOS. and a circular legend referencing the legislative decree and date of September 1848. A vertical panel at left carries the inscription ESTADO DE HONDURAS in italic script. The serial number appears at upper centre above the heading NUMERO, with three signature lines at the base for El Director de rentas, El Contador mayor, and El tesorero jeneral.
Vorderseitenlegende	NUMERO ESTADO DE HONDURAS POR EL DECRETO DE LAS CAMARAS LEJISLATIVAS VALE DOS PESOS. DE SETIEMBRE DE 1848 El Director de rentas. El Contador mayor El tesorero jeneral.
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Anmerkungen	The Estado de Honduras issued paper currency in the 1840s under conditions of chronic fiscal stress — the republic had been independent for barely two decades, and institutional banking infrastructure was essentially nonexistent. Notes like this one were instruments of necessity, not policy confidence. P#2 is among the earliest documented Honduran paper issues. Surviving examples are extremely rare; most are known only from archival references or single institutional holdings.