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25 Pesos
| Issuer | Tesoro Nacional de Nicaragua |
|---|---|
| Year | 1900 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPÚBLICA DE NICARAGUA 15 de Setiembre de 1900. VALE POR VEINTICINCO PESOS que el Tesoro Nacional recibirá en calidad de moneda de curso legal. `SPECIMEN Waterlow & Sons Ltd` Waterlow & Sons Ltd. Londres, Inglaterra (Translation: Republic of Nicaragua September 15, 1900. Value of Twenty Five Pesos Which The Nacional Treasury will receive as legal currency. Waterlow & Sons Ltd. London, England) |
| Reverse description | Log in to see details |
| Reverse lettering | TESORO NACIONAL - REPÚBLICA DE NICARAGUA 25 VEINTICINCO PESOS Waterlow & Sons Ltd. Londres, Inglaterra (Translation: National Treasury - Republic of Nicaragua Twenty Five Pesos Waterlow & Sons Ltd., London, England) |
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| Comments |
Nicaragua's Tesoro Nacional operated as a state treasury issuing authority rather than a central bank — an arrangement that reflected the country's chronic difficulty in establishing stable banking institutions in the late nineteenth century. The note predates the Banco Nacional de Nicaragua by decades, and Waterlow & Sons in London handled the engraving and printing at a time when most Central American governments sourced their paper currency from British or American security printers rather than developing any domestic capacity.
Pick 32 is thinly documented. Surviving examples are infrequently encountered at auction, which may indicate limited original print runs or heavy attrition through the political instability of the early 1900s.