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20 Pesos Banco de Santiago
| Issuer | Banco de Santiago |
|---|---|
| Year | 1886 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S415 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO DE SANTIAGO PAGARÁ AL PORTADOR A LA VISTA EN Santiago de Chile VEINTE 20 PESOS moneda corriente Santiago, 25 de Febrero de 1886. (Translation: The Bank of Santiago Will pay to bearer at sight Twenty Pesos Currency Santiago, February 25, 1886.) |
| Reverse description | Printed entirely in dark blue, the reverse is covered with dense, intricate guilloche lathe-work composed of interlocking rosettes and geometric medallions. A large central circle encloses the numeral "20" in ornate script, with the legend "EL BANCO DE SANTIAGO" arching around its circumference. The denomination numeral "20" also appears in the upper left and lower right corners within the overall pattern. |
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| Comments |
The Banco de Santiago was one of several Chilean private banks authorized under the 1860 Ley de Bancos, which permitted note-issuing institutions to operate with relatively light reserve requirements. By the mid-1880s, Chile's banking sector was crowded and competitive, and the Santiago institution was jostling for position alongside longer-established rivals like the Banco de Valparaíso.
American Bank Note Company handled the bulk of South American private bank printing in this period, and the Chilean private bank issues are among the more technically accomplished of the genre. The S415 designation within the Pick private bank supplemental series reflects surviving documentation rather than confirmed circulation volumes — actual distribution figures for this issue are not recorded.