Catalog
5 Pesos
| Issuer | Tesoro Nacional de Nicaragua |
|---|---|
| Year | 1894 |
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| Shape | Rectangular |
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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. |
|---|---|
| Obverse lettering | REPÚBLICA DE NICARAGUA SERIE Nº III CINCO PESOS ESTE BILLETE será recibido en las oficinas Fiscales como moneda de Curso Legal (Art.1º) Desde el mês de ENERO de 1896. La Tesoreria amortizara no ménos de $15.000ºº MENSUALES DE BILLETES (Art.7º) Decreto de 12 de Octubre de 1894. (Translation: Republic of Nicaragua Series no. III Five Pesos This note will be received at the Fiscal Offices as Legal Tender currency (Art.1º) Since the month of January, 1896. The Treasury will amortize no less than $15,000 monthly of banknotes (Art.7) Decree of October 12, 1894.) |
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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.