5 Pesos 1/2 Condor - overprint on P# 61

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.