5 Centavos

Beschrijving voorzijde	Black letterpress on a light-brown underprint, with the denomination numeral (5) repeated in each corner within a geometric guilloche border. The title "Billete del Tesoro Municipal" is set in large script lettering across the upper register, below which the serial number appears in red, followed by the promise-to-pay text and the manuscript signature of the Alcalde 1°. The word "MANAGUA" runs vertically along the left margin within the border frame.
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Opschrift keerzijde	JUZGADO 1° CONSTITUCIONAL MANAGUA de NICARAGUA (Translation: First Constitutional Court, Managua, Nicaragua)
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Opmerkingen	Municipal fractional currency from Nicaragua's capital in 1880 is extraordinarily rare in any form. Managua issued small-denomination notes during a period when coin shortages in Central America forced local governments — not just national treasuries — to produce their own circulating paper. These municipal emissions were essentially informal obligations, redeemable in theory but often ignored in practice once the immediate shortage passed. Provincial Latin American paper from this decade rarely survives. The low face value meant notes were used hard and discarded.