| Descrição do anverso |
Black on light paper. To the left, an oval vignette of a crowned female portrait in three-quarter view, surrounded by ornamental guilloche borders. To the right, an intaglio vignette of a large classical building, likely a government or banking institution. The denomination numeral '5' appears in the lower-left corner, with the serial number printed twice — once at upper right and once at lower centre — flanked by three manuscript signatures. |
| Legenda do anverso |
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| Descrição do reverso |
Printed entirely in red, the reverse is dominated by a central vignette of two figures — one mounted on a donkey and one standing — set against a landscape, rendered in intaglio. Flanking the central scene are two large ornamental rosettes, each incorporating the denomination numeral '5' within an elaborate guilloche pattern. The word 'BOLIVIANOS' appears repeatedly within the decorative border elements. |
| Legenda do reverso |
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| Assinatura(s) |
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| Tipo de proteção |
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| Descrição da proteção |
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| Variantes |
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Banco de la Nación Boliviana was established in 1911, which creates an immediate puzzle for a note dated 1909 — this issue predates the bank's formal founding and was printed in anticipation of it, part of a transition away from the private commercial banks that had previously held note-issuing rights in Bolivia. Waterlow & Sons prepared the plates ahead of the institution's operational launch, a common arrangement when governments needed circulating paper ready at opening.
Waterlow's Bolivian work from this period is well-documented; the firm held numerous South American contracts simultaneously and recycled certain border and lathe-work elements across client issues, which occasionally makes attribution tricky without reference to the specific serial and signature configurations.