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5 Pesos
| Issuer | Banco de Valparaíso |
|---|---|
| Year | 1891 |
| Type | Log in to see details |
| Value | 5 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed on plain paper with show-through of the obverse text visible in the centre. The denomination 'CINCO PESOS' is printed twice in large bold red letterpress type, one instance running vertically along the left margin and the other along the right margin, framing a central text block in black that references the Banco de Tarapacá y Londres Limitado and the Banco de Valparaiso. |
| Reverse lettering | CINCO PESOS CINCO PESOS SE ACEPTAR sin necesidad de todos los endos, moneda corriente por el Banco de Tarapacá y Londres Limitado en el Banco de Valparaiso |
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| Comments |
Banco de Valparaiso was one of Chile's major private issuing banks operating under the 1860 banking law, which permitted provincial banks to issue their own notes against metallic reserves. The year 1891 places this note squarely in the middle of the Chilean Civil War — a brutal conflict between Congressional forces based largely in Valparaíso and President Balmaceda's government in Santiago. Banking operations in the port city were severely disrupted, and the status of privately issued notes became genuinely uncertain during the fighting.
Pick S512 is scarce in any grade, which is consistent with the chaotic redemption environment that followed the Congressional victory later that year.