2 Pesos

The Banco de Costa Rica was established in 1877 as a private commercial institution and held the government account, giving it substantial influence over national finances. By the mid-1890s it operated alongside two other note-issuing banks — the Banco de la Unión and the Banco de Crédito Hipotecario — in a plural banking arrangement that Costa Rica would not rationalize into a single state monopoly until decades later.

American Bank Note Company's work for Central American clients during this period was prolific, and the S-prefix Pick numbering reflects its status as a private bank issue rather than a government obligation. The "Pesos" denomination places this firmly before Costa Rica's 1896 monetary reform, which transitioned the official unit to the Colón.