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25 Pesos

Issuer Junta Nacional de Amortización
Year 1904
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Printer Waterlow & Sons Limited, United Kingdom (1810-1961)
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Reverse description Printed entirely in green. A central oval intaglio vignette presents the Observatorio Astronómico de Bogotá, framed by dense lathe-work guilloche panels and ornate scrollwork corners, each carrying the numeral "25" in stylized lettering. A facsimile signature of the Secretario de la Junta Nacional de Amortización appears below the vignette, with the printer's imprint "Waterlow & Sons Ld. Londres, Inglaterra" at the foot.
Reverse lettering OBSERVATORIO DE BOGOTÁ
SECRETARIO DE LA JUNTA NACIONAL DE AMORTIZACIÓN
Waterlow & Sons Ld. Londres, Inglaterra
25
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Comments

The Junta Nacional de Amortización was not a central bank but a debt-management body — its note-issuing role in early twentieth-century Bolivia was a stopgap arrangement, filling a vacuum that no proper national bank occupied at the time. Waterlow & Sons handled the printing in London, as they did for a significant portion of Latin American fiscal paper during this period.

Hernández 787 is the more useful reference here; Pick's coverage of this series is thin on variety distinctions that Bolivian specialists consider meaningful for attribution.