5 Soles

El Banco de Londres, México y Sud América was a British-chartered bank operating across multiple Latin American countries simultaneously, issuing locally denominated notes in each jurisdiction. The Peruvian branch — operating out of Lima — issued in soles, the currency Peru had adopted in 1863 to replace the old peso system. This note predates the catastrophic monetary disruption of the War of the Pacific by nearly a decade; by 1879, the bank's Peruvian operations would be severely compromised, and most of its earlier note issues were redeemed or destroyed in the chaos that followed.

Pick 283 is genuinely scarce in any condition, a direct consequence of that wartime disruption rather than limited original issue.