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5 Pesos Provisional Issue

Issuer Tesoro Nacional de Nicaragua
Year 1910
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Value 5 Pesos
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Obverse description Black letterpress on beige guilloche underprint. An oval vignette at left contains a photographic-style portrait of President Dr. José Madriz, identified by a caption below. The denomination CINCO PESOS appears in a central panel with decorative border, beneath the heading REPÚBLICA DE NICARAGUA, with the decree text, serial number, and three manuscript signature lines arranged across the lower portion of the note.
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Reverse description Black letterpress on beige guilloche underprint, with a repeated 'cinco pesos' text pattern forming the background. At center, the Nicaraguan Coat of Arms is set within an ornamental rectangular frame, encircled by a round official stamp inscribed TESORO NACIONAL REP. DE NICARAGUA. The bold denomination words CINCO and PESOS flank the central vignette at left and right respectively, with the printer's imprint at the bottom margin.
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Comments

Nicaragua's Tesoro Nacional issued this provisional series in 1910 during a period of acute fiscal instability, when the government lacked both the hard currency and the time to commission notes abroad. Printing locally at the Tipografía Gutenberg in Managua was an expedient choice — the press was primarily a commercial job printer, not a security printing house, and the notes reflect that plainly in their production quality.

The "provisional" designation was not decorative. These circulated under genuine emergency conditions, and the Zelaya government had already fallen by late 1909, leaving the incoming administration to manage a currency in no better shape than the treasury itself.

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