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2 Pesos

Issuer Banco Nacional
Year 1881
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Value 2 Pesos
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Obverse description Black intaglio print on white cotton paper. A central oval vignette contains a portrait bust of a distinguished gentleman in early 19th-century attire, flanked by two allegorical female figures in side vignettes — one to the left holding a palette and brush, the other to the right wearing a helmet. Large numeral 2 appears in ornate frames on either side of the central portrait, with the denomination DOS PESOS inscribed on a panel below, accompanied by the legend MONEDA NACIONAL ORO SEGUN LEY DE 5 DE NOVIEMBRE DE 1881. The upper portion carries the issuer name EL BANCO NACIONAL in bold lettering, with the place and date BUENOS AIRES, ENERO 1 DE 1881 at upper right, and the obligation PAGARÁ AL PORTADOR Y A LA VISTA across the upper field.
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Reverse description Printed in brown on plain paper, the reverse is composed of an intricate geometric lathe-work pattern with a symmetrical guilloche centre piece and multiple small rectangular vignettes arranged along the borders. The issuer name EL BANCO NACIONAL appears at the left, NACIONAL at the right, and BUENOS AIRES is inscribed along the lower central border. Large numeral 2 appears twice within the guilloche field, one on each side of the central ornamental design.
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Comments

Banco Nacional was one of several private banks operating in Colombia under concession during the 1880s — not the state central bank that would later carry a similar name. The distinction matters for attribution. This 2 Pesos note predates the government's move to monopolize currency issuance, which came with the founding of the Banco Nacional de Colombia in 1881 and the subsequent squeeze on competing private institutions.

The American Bank Note Company had a near-lock on Latin American commercial printing at this period, and Colombian private bank issues of this era were typically engraved and printed entirely in New York before shipment south. PS677 is a Krause Pick Specialized reference, placing this firmly in the private Colombian banking series rather than any national issue.

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