Catalog
2 Pesos
| Issuer | Banco Consolidado de Chile |
|---|---|
| Year | 1877 |
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| Value | 2 Pesos |
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| Obverse description | The obverse is printed in black and orange-red, with the bank title 'EL BANCO CONSOLIDADO DE CHILE' arched across the top in bold letterpress. Two intaglio allegorical vignettes flank a central guilloche medallion bearing the numeral '2': at left, a female figure in classical dress with laurel wreath, and at right, a helmeted figure in the manner of Mercury or a Roman warrior. A central text panel reads 'GARANTIDO POR BONOS DEL GOBIERNO DE CHILE Y DE LA CAJA DE CREDITO HIPOTECARIO DEPOSITADOS EN ARCAS FISCALES'. The denomination 'DOS PESOS' and place and date of issue 'Valparaiso, Enero 3 de 1877' appear in the lower register, with the printer's imprint 'American Bank Note Co. New York' at the bottom margin. |
|---|---|
| Obverse lettering | EL BANCO CONSOLIDADO DE CHILE Pagará al portador á la vista en Valparaiso DOS PESOS MONEDA CORRIENTE GARANTIDO POR BONOS DEL GOBIERNO DE CHILE Y DE LA CAJA DE CREDITO HIPOTECARIO DEPOSITADOS EN ARCAS FISCALES Valparaiso, Enero 3 de 1877 POR EL CONTADOR SUPERINTENDENTE DE LA CASA DE MONEDA DIRECTOR / JENTE American Bank Note Co. New York |
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| Comments |
Banco Consolidado de Chile was one of several private Chilean banks authorized to issue notes under the 1860 Ley de Bancos, which permitted commercial institutions to circulate their own paper currency — a system that persisted until the Estado finally consolidated note-issuing authority in the early twentieth century. The American Bank Note Company handled engraving and printing for a significant portion of Chile's private bank notes during this period, supplying institutions that lacked any domestic high-security printing infrastructure.
The S-prefix in the Pick reference reflects its private issuer status. Survivor rates for low-denomination Chilean private bank notes from the 1870s are generally poor — small values circulated hardest and were redeemed or destroyed in higher proportions than larger denominations.