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20 Centavos / 2 Reales Banco Nacional de Colombia

Issuer Banco Nacional de Colombia
Year 1887
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Currency Peso decimalized (1847-date)
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Obverse description Black intaglio print on gold underprint, with a portrait vignette of President Rafael Núñez at left and the Colombian Arms at right. Red serial number printed in letterpress. The overall layout is framed with fine lathe-work borders typical of late 19th-century American bank note engraving.
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Reverse description Printed in brown, the reverse is dominated by two large interlocking guilloche rosette medallions side by side, with a red overprinted seal at center overlapping both. The denomination "DOS REALES" appears in the upper corners flanking the central design, and a cashier's signature panel with an ornate cartouche is positioned at the bottom, above the printer's imprint of Homer Lee Bank Note Co., N.Y. The entire composition is enclosed within a finely engraved decorative lathe-work border.
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The Banco Nacional de Colombia was established by the Colombian government in 1880 specifically to hold a monopoly on paper money issuance, displacing the private banks that had dominated during the earlier free-banking period. This note's dual denomination — centavos on one face, reales on the other — reflects the awkward transitional arithmetic of the 1871 decimalization, which had not yet fully displaced the old real-based accounting in everyday commerce sixteen years later.

Homer Lee operated out of New York during a relatively brief window before being absorbed into larger consolidations. Their Colombian work from this period is among the more obscure corners of their output.

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