Catalog
5 Pesos
| Issuer | República de Chile (Fisco de Chile) |
|---|---|
| Year | 1922-1925 |
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| Size | 140 × 74 mm |
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| Obverse description | Blue intaglio printing on yellow-orange underprint. A seated female figure with a shield appears at left as the central vignette, with the issuer title REPUBLICA DE CHILE across the top and the face value rendered both numerically at right and in letters across the note. The date is printed in one or two lines, and two circular handstamps are applied: Type I (DIRECCION DEL TESORO-SANTIAGO) and Type II (DIRECCION DE CONTABILIDAD-SANTIAGO). |
|---|---|
| Obverse lettering | REPUBLICA DE CHILE CINCO PESOS 2 de Octubre de 1923 5 VALE POR CINCO PESOS Convertibles en Oro por el Estado conforme a la lei SANTIAGO (Translation: Republic of Chile Five Pesos October 2, 1923 Worth Five Pesos Convertible in gold by the State according to the Law Santiago) |
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| Comments |
Chile's Fisco — the state treasury — rather than a bank issued this note, a distinction that mattered politically. Following the collapse of the Banco de Chile's note-issuing monopoly and a decade of monetary instability rooted in inconvertible paper, the government took direct control of currency emission. These fiscal notes circulated alongside a banking system still struggling to re-establish credibility after the country abandoned the gold standard in 1878 and never cleanly returned to it.
Printed domestically by the Imprenta Fiscal, this is one of the few Chilean issues of the period not contracted to a foreign security printer. Quality control on domestic runs of this era was inconsistent.