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20 Soles

Issuer Banco La Providencia
Year 1877
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Reference(s) P#S232
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Obverse lettering PERU
BANCO LA PROVIDENCIA
VEINTE SOLES
VEINTE
Pagará / al portador / a la vista / en moneda
Lima
20
Reverse description The reverse is printed in brown on plain paper with a simple ornamental border of repetitive guilloche rosette elements forming the outer frame, with the numeral '20' repeated in each corner and at the top centre. A large oval handstamp in black at the centre reads 'EMISION PAGADERA POR EL GOBIERNO' with the date '1877', applied as a government validation overprint. The text 'BANCO LA PROVIDENCIA' is printed horizontally across the centre field.
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Comments

Banco La Providencia was a Peruvian private bank operating under the relatively liberal banking legislation of the early 1870s, which briefly opened the field to commercial note issuers before the War of the Pacific and subsequent fiscal collapse dismantled most of them. This note dates to a narrow window of Peruvian banking history that closed violently within a few years of issue.

The American Bank Note Company contract work for South American private banks in this period was extensive — Peru alone had several competing issuers placing orders in New York simultaneously. ABNC's intaglio printing gives these notes a quality that frequently outlasted the institutions that commissioned them.