5 Pesos

正面描述	Salmon-red and dark brown bicolour note with a standing female allegorical figure at left, rendered in intaglio. Central field carries the large serif legend "EL BANCO DEL ESTADO" above "CINCO PESOS" in a framed panel, with "pagara al portador a la vista" below. Three manuscript signatures appear in the lower half; outer guilloche borders carry corner numeral 5 medallions and "REPUBLICA DE COLOMBIA" at top and bottom.
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背面铭文	REPUBLICA DE COLOMBIA EL BANCO DEL ESTADO DEPARTAMENTO DEL CAUCA POPAYAN OCTUBRE 1° de 1900 El Cajero
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备注	Banco del Estado was one of several Chilean provincial banks authorized to issue notes under the 1860 Ley de Bancos, which allowed private and state-chartered institutions to circulate paper backed by metallic reserves. By 1900, that framework was already under serious pressure — Chile had suspended specie convertibility in 1878 and never fully restored it, meaning notes like this one circulated in a de facto inconvertible environment despite the legal fiction of backing. The S-prefix in the Pick reference places this squarely in the specialized category, reflecting its regional rather than national issuance.

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