20 Pesos

Issuer	Banco de Valparaiso
Year	1877
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Printer	American Bank Note Company
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Obverse description	The obverse presents a horizontal format with an intricate guilloche underprint in pink and black. At the left, an oval vignette contains a portrait of a spaniel dog in fine intaglio engraving, while the central composition shows two allegorical female figures flanking the Chilean coat of arms, set against a lightly etched landscape vignette. The denomination numeral "20" appears at the upper right, with the bank title "EL BANCO DE VALPARAISO" arched across the upper centre, place and date of issue inscribed at the bottom, and serial number panels printed in red at both left and right margins.
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Reverse description	The reverse is printed in red-orange and black intaglio on a cream paper ground. Two large circular guilloche medallions occupy the left and right fields, bearing the numeral "20" and the Roman numeral "XX" respectively. The central vignette, rendered in fine intaglio, depicts an allegorical female figure wearing a floral wreath and holding a banner, accompanied by a child and a large condor at her feet, set before a curtained background. The legends "BANCO DE VALPARAISO" are distributed across the upper margin and "REPÚBLICA DE CHILE" across the lower, with the printer's imprint "American Bank Note Co. New York" at the bottom centre.
Reverse lettering	BANCO DE VALPARAISO REPÚBLICA DE CHILE American Bank Note Co. New York 20 XX
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