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5 Pesos

Issuer Banco Occidental
Year 1891-1915
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Reference(s) P#S176
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Reverse description The reverse is printed entirely in green, with an elaborate guilloche lathe-work border and a central oval vignette bearing the 'BANCO OCCIDENTAL' circular inscription around what appears to be the bank's coat of arms or seal. The overall surface is covered with fine engine-turned geometric patterns, and the numeral '5' appears in large outline form at the right. A large circular cancellation stamp is visible at left, consistent with a redeemed or cancelled note.
Reverse lettering BANCO OCCIDENTAL
AMERICAN BANK NOTE COMPANY NEW YORK
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Comments

Banco Occidental was a regional Colombian bank headquartered in Cali, operating under the free banking legislation that allowed private institutions to issue their own currency during the late nineteenth and early twentieth centuries. The long date range on this series — spanning nearly a quarter century — reflects how stubbornly provincial banks clung to their existing plate stocks rather than commissioning new designs, particularly as the political and monetary climate grew increasingly unstable after the Thousand Days War ended in 1902.

ABNC printed for dozens of Latin American private banks during this period, and the Banco Occidental relationship was one of the smaller contracts in their Colombian portfolio. Colombia's national government ultimately absorbed private bank note issuance rights in 1909 under the Banco Central, though some institutions continued redeeming old paper well past that date — which accounts for the series running to 1915.

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