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20 Centésimos Banco Navia

Issuer Banco Navia y Cía.
Year 1865
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Currency Peso (1863-1975)
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Obverse lettering 20 F Montevideo, 4 de Novbre de 1865 EL BANCO NAVIA Y Ca. pagará a la vista VEINTE CENTESIMOS al portador, dando Un Doblon de Oro Sellado, ó su equivalente en la misma especie, por Cincuenta de estos billetes
(Translation: 20 F Montevideo, November 4th., 1865 The Navia & Co. Bank will pay at sight twenty Cents to bearer, giving one Doblón of sealed gold, or its equivalent in same specie for fifty of these notes.)
Reverse description Reverse is essentially plain, with a faint red micro-text guilloche underprint panel running horizontally across the lower-center portion of the note on an otherwise unprinted ground.
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Comments

Banco Navia y Cía. was one of several short-lived private commercial banks that briefly filled the vacuum before Chile established its formal banking law in 1860 — though enforcement and consolidation took years. The American Bank Note Company's involvement here is typical of the period, when South American issuers routinely contracted New York engravers rather than European houses, partly on cost and partly on turnaround.

The centésimo itself had only been introduced in 1851 as Chile decimalized, making this a relatively early private emission in the new unit.