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20 Pesos

Issuer Banco Nacional
Year 1899
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Shape Rectangular
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Obverse description Blue-tinted note with an elaborate engraved border of intertwined foliate and guilloche ornament. The central text reads VEINTE PESOS in large letterpress type, below which EN MONEDAS LEGALES DE PLATA Ú ORO is inscribed. A lower central vignette depicts a pastoral landscape scene within an oval frame, flanked by symmetrical decorative panels; the denomination numeral 20 appears in each upper corner, and a red oval Banco Nacional cancellation stamp is applied at centre-right.
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Reverse lettering MOBILIZACION DE LA PROPIEDAD RAIZ
BILLETE CON GARANTIA HIPOTECARIA
ESTE BILLETE CIRCULA PROVISIONALMENTE COMO BILLETE DEL BANCO NACIONAL DE ACUERDO CON EL DECRETO No 517 DEL 30 DE OCTUBRE DE 1899.
Bogotá, Octubre 30 de 1899
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Comments

Banco Nacional de Colombia was abolished by law in 1894, its note-issuing privileges revoked as part of a broader effort to rein in the chronic over-issuance that had been fueling inflation throughout the Regeneration period. The bank limped along in a liquidation phase for years afterward, which makes any note dated 1899 unusual — it falls well into that wind-down, when the institution had no legal authority to issue new currency yet paper continued to circulate under its name.

The "Printed: Colombia" attribution is worth treating with caution; most Banco Nacional issues of this period were printed abroad, and locally produced notes from this era are rare enough to warrant scrutiny of the imprint before accepting that provenance.

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