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20 Soles

Issuer Banco Nacional del Perú
Year 1877
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Reference(s) P#S325
Obverse description Printed in blue-grey tones, the obverse centres on a pastoral Andean vignette of a drover with llamas set against a mountain landscape, with a standing female allegorical figure at the upper left and a reclining animal vignette at the lower right. Denomination numeral '20' appears within guilloche medallions at the lower left and upper right corners, while the issuer's title 'EL BANCO NACIONAL DEL PERU' arches across the top of the note. A manuscript date inscription 'Lima, 11 de Setiembre 1877' is entered at the foot of the note, with the payment obligation legend below the central vignette.
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Reverse description Printed in rose-red, the reverse is enclosed within an elaborate lathe-work guilloche border, with the denomination numeral '20' repeated in ornate medallions at each of the four corners. A large central oval cartouche set within intricate geometric lathe-work patterns contains an overprinted ink stamp or cancellation mark.
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The Banco Nacional del Perú was a private commercial bank that received note-issuing privileges in the 1870s, operating during a period when Peru's fiscal position was deteriorating sharply despite — or partly because of — its guano export revenues. The bank collapsed in the financial crisis that deepened around the War of the Pacific, and note redemption became increasingly chaotic after 1879.

American Bank Note Company produced the plates in New York, as they did for numerous Latin American issuers of this period. ABNC's work for Peruvian banks from this era is among the more sought-after in South American notaphily, largely because so little survived the monetary upheaval of the war years.

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