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20 Centavos
| Issuer | Tesorería General de Nicaragua |
|---|---|
| Year | 1885 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | DECRETO DE 20 DE MARZO DE 1885 BILLETE DEL TESORO NACIONAL REPÚBLICA DE NICARAGUA VALE VEINTE CENTAVOS SERIE VII QUE LA TESORERÍA GENERAL PAGARÁ AL PORTADOR. THE HOMER LEE BANK NOTE CO., N.Y. (Translation: Decree of March 20, 1885 Banknote from National Treasury Republic of Nicaragua Worth Twenty Cents Series VII Which the General Treasury will pay to the bearer. The Homer Lee Bank Note Co., N.Y.) |
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| Reverse lettering | TESSORERIA GENERAL - Nicaragua (Translation: General Treasury - Nicaragua) |
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| Comments |
The Tesorería General de Nicaragua — the national treasury, not a central bank — issued this note directly under state authority at a time when Nicaragua had no formal banking institution of its own. The Homer Lee Bank Note Company, active for barely a decade before being absorbed by the American Bank Note Company in 1891, handled a number of Latin American contracts during its short existence, and the Nicaraguan treasury series of 1885 sits among its last documented foreign commissions.
Small-denomination fractional notes like this one circulated hard and survived poorly. Attrition rates for the centavo values in this series are significantly higher than for the peso denominations.