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20 Pesos

发行方 Banco Español de Puerto Rico
年份 1889-1890
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印刷机构 American Bank Note Company, New York, United States
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正面描述 Black intaglio on orange and yellow underprint, produced by the American Bank Note Company. A vignette of the Paschal lamb occupies the left panel, with a central upper vignette of three male figures hoisting a crate, alluding to commerce and labor; elaborate guilloche patterning fills the remaining field. Denomination and issuer inscriptions are arranged in the typographic style characteristic of late nineteenth-century colonial bank note production.
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背面描述 Printed in orange, the reverse centres on the crowned Spanish royal arms as its principal vignette, rendered against a restrained plain field consistent with the austere aesthetic of late nineteenth-century colonial issues. The composition relies on the heraldic device alone to convey sovereign authority, with minimal decorative support.
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The Banco Español de Puerto Rico was the island's sole authorized bank of issue under Spanish colonial administration, established in 1888 — meaning this note appeared almost immediately after the bank opened. The American Bank Note Company contract was typical of Spanish colonial issuers in this period; Madrid had no objection to using a New York printer for Caribbean currency, and ABNC had long experience with Spanish-language issues throughout Latin America.

Puerto Rico's financial system was overhauled entirely after 1898, and Spanish-issued paper was withdrawn following American annexation. Survivor notes from this series owe their existence largely to collections rather than hoarding — circulating examples were redeemed and destroyed.