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20 Pesos
| Issuer | Estado de Honduras |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ESTADO DE HONDURAS 1.a Clase Num. 614 VALE VEINTE PESOS Madrid Por el decreto de 19 de Julio de 1862 El Contador mayor El Mtro. de hacienda El Tresoro grl. |
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| Reverse lettering | Log in to see details |
| Signature(s) | Juan Bautista and Ram. Alvarado and Celer Mus |
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| Comments |
Honduras in 1862 had no central bank — the Estado de Honduras issued paper currency directly under government authority, an arrangement reflecting the fragmented monetary infrastructure common to Central American republics in the decades following independence from Mexico. These early Honduran issues are among the rarest of the region; political instability, repeated changes in administration, and the limited penetration of paper money into a predominantly subsistence economy meant survival rates were low even for notes that technically circulated.
The three-signature format — Juan Bautista, Ram. Alvarado, and Celer Mus — indicates manual countersignature at issue, a labor-intensive authentication method that itself hints at very small print runs.