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2 Pesos El Banco de La Compañia de Crédito de Puerto Plata
| Issuer | El Banco de la Compañía de Crédito de Puerto Plata |
|---|---|
| Year | 1880 |
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| Value | Log in to see details |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Intaglio-printed in blue and brown over a light blue and light brown geometric underprint, with the face value numeral "2" occupying all four corners and repeated as a large central underprint element. An allegorical vignette at left personifies Literature, while the issuer's name arcs across the upper field and the denomination appears in both text and underprint form at center; a single-letter series identifier and a red six-digit serial number are positioned at lower center and center-right respectively. Manuscript spaces for date and two signatures appear above printed designations for the Treasurer and President, with the printer's imprint at the lower margin. |
|---|---|
| Obverse lettering | 2 EL BANCO DE LA Compañía de Crédito de PUERTO PLATA PAGARÁ al portador Á presentacion DOS PESOS EN MONEDA CORRIENTE Série E Nº 016233 Puerto Plata _____188_ EL TESORERO EL PRESIDENTE American Bank Note Co. N. Y. (Translation: The Bank of the Credit Company of Puerto Plata will pay to the bearer on presentation two Pesos in current currency. Puerto Plata ____ 188_ The Treasurer, the President.) |
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| Comments |
El Banco de la Compañía de Crédito de Puerto Plata was one of several short-lived private banks chartered in the Dominican Republic during the 1870s and 1880s, a period when the central government lacked both the infrastructure and the political stability to anchor a national currency. Puerto Plata, as the Republic's principal northern port, had enough commercial activity to support private note issue — at least in theory.
The American Bank Note Company held the contract, as it did for much of Latin American private banking paper of this period. Whether this note saw meaningful circulation before the bank's closure is unclear; Dominican private bank failures of this era were rapid and redemption rarely guaranteed.