50 Bolívares

The Banco de Maracaibo was a regional commercial bank operating out of Venezuela's principal oil-free export hub — in 1882, Maracaibo's economy ran on cattle, coffee, and contraband, not petroleum. Regional banks in Venezuela during this period issued their own notes under concession from the national government, a system that produced a genuinely fragmented currency supply before the Banco Central de Venezuela consolidated matters in the twentieth century.

American Bank Note Company's work for minor Venezuelan issuers in this period is well documented. This is a scarce survivor — Maracaibo's banking sector collapsed repeatedly in the late nineteenth century, and paper from failed institutions rarely made it out of the country intact.