5 Pesos

Banco de Honduras was one of several private Honduran banks granted note-issuing privileges under the 1889 banking law — a short-lived experiment in decentralized currency that collapsed within two decades as the government progressively tightened control over monetary affairs. The American Bank Note Company, the dominant supplier to Latin American issuers throughout this period, produced the plates in New York.

Surviving examples from this issue are genuinely uncommon. Honduras was not a wealthy circulation economy in the 1880s, and private bank paper in Central America suffered high attrition through humidity, insect damage, and the informal handling typical of rural commerce.