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| 正面铭文 | 20 VEINTE EL BANCO DE VALPARAISO PAGARÁ Á LA VISTA AL portador en Valparaiso VEINTE PESOS MONEDA CORRIENTE VALPARAISO, Julio 2 de 1877 (Translation: Twenty. The Bank of Valparaiso. Will pay to bearer at sight in Valparaiso, twenty pesos in current currency. Valparaiso, July 2, 1877.) |
| 背面描述 | Black intaglio print on orange guilloche underprint. Central vignette shows a seated allegorical woman with a child and a condor at her feet, framed by two large denomination counters — "20" at left and "XX" at right — set within intricate lathe-work rosettes. Bank and republic names appear in the upper and lower margins. |
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The Banco de Valparaíso was one of Chile's early private issuing banks, operating under the 1860 Ley de Bancos that allowed authorized commercial banks to issue their own notes — a system that persisted until the Banco Central de Chile absorbed those privileges in the 1920s. The American Bank Note Company handled much of the prestige printing work for South American banking houses during this period, and Chilean private bank issues from the 1870s are among the more attractive products of that relationship.
Valparaíso's status as Chile's primary port city and commercial hub made its bank's paper relatively well-traveled regionally. Surviving examples from 1877 are uncommon.