25 Pesos

The Banco Herediano was one of several provincial banks operating in Costa Rica during the free banking period of the 1860s–1880s, before the government moved to consolidate and eventually nationalize note-issuing authority. Based in Heredia — the country's fourth city, not its commercial capital — the bank operated on a modest regional scale, which kept circulation of its higher denominations genuinely limited.

The American Bank Note Company held the contract for much of Central America's private banking paper during this period, producing plates that were frequently reused or adapted across issuers. The P#S183 designation places this squarely in the speculative/private bank series, meaning surviving examples are catalogued from a very thin population.