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| 正面铭文 | CINCO CENTAVOS Billete del Tesoro Municipal Vale cinco centavos QUE LA TESORERIA MUNICIPAL PAGARÁ AL PORTADOR EL ALCALDE 1º CINCO CENTAVOS (Translation: Five Cents Municipal Treasury Bill Value of five cents That the Municipal Treasury will pay to the bearer The 1st Mayor Five Cents) |
| 背面描述 | Plain red-printed underprint of wave-pattern guilloche covers the entire field. At centre, a large oval official rubber stamp in dark purple ink reads "JUZGADO 1° CONSTITUCIONAL / MANAGUA / de / NICARAGUA", applied as a validation mark. |
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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.