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25 Pesos

Issuer Banco de Londres y Sud America
Year 1872
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Currency Peso (1826-1985)
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Obverse description Printed in blue on white cotton paper, the obverse carries the bank title BANCO DE LONDRES Y SUD AMERICA in an arched inscription across the upper border, with the denomination $25 stated in each upper corner. A central guilloche frame encloses the written denomination VEINTE CINCO PESOS, flanked on either side by the serial number, while a manuscript date and place of issue appear below. The lower margin bears the English issuing authority legend FOR THE LONDON & SOUTH AMERICAN BANK, LIMITED, followed by manuscript signatures and a cancellation overprint across the face.
Obverse lettering BANCO DE LONDRES Y SUD AMERICA
VEINTE CINCO PESOS
$25
For the London & South American Bank, Limited
En esta su Casa en Lima pagará Nd la vista al portador
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Banco de Londres y Sud América was a British-owned commercial bank operating across South America in the nineteenth century, with branches in Buenos Aires, Montevideo, Valparaíso, and Lima. This 25 Peso note dates from a period when privately issued bank paper dominated Argentine circulation — the Banco Nacional wouldn't arrive until 1872, the same year this note was printed, and a unified national currency was still over a decade away.

The S-prefix in the Pick reference places this firmly in the Specialized catalogue's private and commercial bank section, distinct from government issues. Cotton substrate was standard for the British-connected houses of the period, generally sourced through London suppliers.