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25 Pesos

Issuer El Banco Español de la Habana
Year 186x
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Obverse description Central vignette of a seated allegorical female figure with a harbour and industrial scene in the background, flanked by two large numeral '25' medallions within guilloche surrounds. The note carries the branch inscription 'Sucursal en Sagua la Grande' above the bank title in bold letterpress. Two detachable coupon stubs flank the central panel, each bearing serial number and series fields; three signature lines for El Director, El Administrador, and El Cajero appear at the foot.
Obverse lettering BANCO ESPAÑOL DE LA HABANA / SUCURSAL DE SAGUA LA GRANDE / LA SUCURSAL EN SAGUA LA GRANDE DE EL BANCO ESPAÑOL DE LA HABANA / VEINTE Y CINCO / SAGUA LA GRANDE / El Director / El Administrador / El Cajero / Número / Serie / Número de orden ó de emisión / Número de la toma de razon / Compañía Nacional de Billetes de Banco, Nueva York
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Comments

El Banco Español de la Habana was the dominant colonial banking institution in Cuba throughout the nineteenth century, operating under Spanish charter and deeply entangled with the island's plantation economy. This 25 Peso denomination was printed by the National Bank Note Company in New York — a practical arrangement common among Latin American and Caribbean issuers of the period who lacked domestic printing infrastructure capable of producing notes resistant to forgery.

The "186x" dating indicates the specific year was completed by hand or left variable across the print run, making precise issue-year attribution difficult without examining individual examples. Pick 38B likely distinguishes a signature combination or paper variant within the broader series.

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