Catalog
5 Pesos
| Issuer | Tesoro Nacional de Nicaragua |
|---|---|
| Year | 1894 |
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| Composition | Paper |
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| Obverse description | Black on pink and light blue underprint, with a portrait vignette of Dionisio de Herrera at left and the national coat of arms at lower right impressed in a black seal. The face carries extensive letterpress text citing the decree of October 12, 1894, establishing legal tender status and monthly amortization obligations, arranged within a guilloche-bordered frame. |
|---|---|
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| Reverse description | Printed entirely in green, the reverse is dominated by an elaborate guilloche pattern with the Nicaraguan coat of arms — featuring the triangle, volcanic landscape, and rainbow — centrally placed within a wreath vignette. Large numeral 5s and the letters V and N appear at the corners as denomination indicators, while bold lettering arcs across the top and bottom within a dense ornamental border carrying repeated "República de Nicaragua" micro-text. |
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| Comments |
The Tesoro Nacional de Nicaragua — the national treasury, not a central bank — issued notes directly in the early 1890s, a period when Nicaragua had no formal bank of issue. Payot, Upham & Co. of San Francisco handled currency and security printing for several Central American governments during this decade, a geography of convenience given Pacific coast trade routes and the relative scarcity of capable security printers in the region.
Pick 25 is scarce in any grade. Treasury-direct issues rarely achieved long or stable circulation.