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2 Sucres

正面描述	Central vignette of a three-masted sailing vessel under steam in a harbor setting, framed within an arched guilloche border. Denomination numeral '2' appears in large ornate rosettes at left and right, with the bank title 'BANCO DEL ECUADOR' in a bold ribbon across the top. Lower panel carries the legend 'VALE DOS SUCRES' with place and date inscriptions, and two handwritten gerente signatures below.
正面铭文	BANCO DEL ECUADOR COMPAÑIA ANÓNIMA CAPITAL S/2.000.000 VALE DOS SUCRES GUAYAQUIL 12 Dic. 1901 GERENTES DOS
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备注	The Banco del Ecuador was a private commercial bank operating under Ecuador's free banking period, when multiple competing institutions had note-issuing authority. This arrangement collapsed dramatically in 1914 when the government suspended convertibility and effectively handed monetary control to the Banco Comercial y Agrícola de Guayaquil — a crisis that ultimately spelled the end for institutions like the Banco del Ecuador as independent issuers. The American Bank Note Company's work for South American clients in this period was extensive, and the S152 series reflects their standard contracted output for the region. Pick S152 is scarce in any grade; surviving examples are few enough that auction appearances remain infrequent.