20 Bolívares

Banco de Venezuela was chartered in 1890 — the same year this note was issued — making this among the earliest paper the institution ever put into circulation. The American Bank Note Company handled the production in New York, which was standard practice for Venezuelan private banks at the time; domestic printing infrastructure simply did not exist at a scale capable of meeting the security demands of banknote production.

Pick 261 is genuinely scarce. The bank's early issues suffered heavy attrition through Venezuela's turbulent 1890s, a decade marked by chronic political instability and at least one significant monetary disruption under President Andueza Palacio's failed constitutionalist uprising of 1892, which badly strained the banking system.