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5 Pesos 1/2 Condor - overprint on P# 61
| Issuer | Banco Central de Chile |
|---|---|
| Year | 1925 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 140 × 74 mm |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Printed in blue by offset letterpress. A large white star-shaped guilloche forms the central watermark area, flanked by two allegorical vignettes: a seated female figure representing Agriculture at left, and a standing male figure representing Industry at right. The face value in words is inscribed above and below the central guilloche area. |
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| Protection type | Watermark |
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| Comments |
When Chile restructured its monetary system in 1925 under the reforms overseen by Edwin Kemmerer — the American economist hired to modernize the country's finances — the new Banco Central required immediate circulating stock before fresh notes could be printed. The solution was pragmatic: existing Banco de Chile and other commercial bank notes were overprinted with the new issuing authority's name. P#71 results directly from that transitional moment, a P#61 base note pressed back into service under a different institutional identity.
The Kemmerer mission also put Chile on the gold standard that same year, which is why the denomination reads in both pesos and condors — the condor being the gold unit introduced alongside the reform.