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50 Centavos

Issuer Banco Español de la Habana
Year 1872-1876
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Value 50 Centavos (0.50)
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Obverse lettering EL BANCO ESPAÑOL DE LA HABANA
SERIE L
Á LA PRESENTACION DE ESTE BILLETE
pagará al portador
Cincuenta Centavos
en efectivo.
Habana, 1º de Julio de 1872.
EL DIRECTOR
50 CINCUENTA CENTAVOS 50
Compañía Nacional de Billetes de Banco
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Variants P#32a - 01.07.1872
P#32b - 15.05.1876
Comments

The Banco Español de la Habana occupied an unusual position — it was a Spanish colonial institution operating in Cuba but routinely contracting American security printers for its paper issues. The National Bank Note Company, active in New York until 1872, produced this series before being absorbed into the American Bank Note Company merger that consolidated much of the U.S. banknote industry that same year. The plates likely remained in use after the merger, which explains the issue dates extending to 1876 despite the printer's nominal dissolution.

Cuba was deep in the Ten Years' War (1868–1878) during this period, and Spanish colonial finances in Havana were under considerable strain. The microtext underprint — a security measure NBNC employed across multiple colonial and foreign contracts — was considered cutting-edge anti-counterfeiting technology for the early 1870s.

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