5 Soles de Oro Overprinted on P#52

Pick 60 is a transitional note — the Banco Central de Reserva del Peru applied a new denomination overprint to existing Pick 52 stock rather than commissioning a fresh print run from the American Bank Note Company. This kind of overprint solution was common when exchange rate adjustments or denomination restructuring outpaced the lead time for new plates. The Sol de Oro had replaced the old Libra Peruana only in 1931, and the system was still settling into practical use four years later.

Overprinted notes from this period are meaningfully scarcer than their base-issue counterparts, since surviving stock was often limited and the overprint process itself introduced additional rejection rates.