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25 Pesos

Issuer Junta Nacional de Amortización
Year 1904
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Composition Paper
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Obverse description Black print on orange guilloche underprint. Portrait of Francisco José de Caldas in an oval vignette at left, Colombian coat of arms at right. The issuer's title runs across the top; face value numerals occupy all four corners, with the denomination in words above a numeral at center, and place and date of issue at lower center.
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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.

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