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200 Reales de Vellón Banco de Málaga

Issuer Banco de Málaga
Year 1860
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Reference(s) P#S322
Obverse description Brown-toned note printed by intaglio, with a central vignette of a seated female allegorical figure beside the sea, a cornucopia overflowing with fruit at her side and a sailing vessel in the background. The bank title and denomination appear in letterpress text above and below the vignette, with manuscript spaces left for date and signatures. The overall layout is characteristic of mid-19th century Perkins, Bacon steel-engraved provincial bank issues.
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Reverse description Reverse is unprinted, showing the plain cream-white paper stock with no design, lettering or overprint of any kind.
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The Banco de Málaga was one of a clutch of provincial Spanish issuing banks chartered under the 1856 banking law, which briefly allowed regional banks to circulate their own notes. The experiment was short-lived — the Banco de España absorbed most of them by 1874, and the Málaga bank's notes were retired along with the rest. Very few provincial issues from this period survive in any quantity, partly because redemption was aggressive and partly because Andalusian commercial circulation was hard on paper.

Perkins, Bacon & Petch brought their steel intaglio engraving to this series, the same security printing technology they applied to postage stamps across the British Empire. The choice of a London firm for a southern Spanish provincial bank was entirely unremarkable by 1860 — Madrid and Barcelona banks were doing the same.

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