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50 Centavos
| Issuer | Banco Hipotecario del Pacífico, Cali |
|---|---|
| Year | 1905 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | BANCO HIPOTECARIO DEL PACIFICO CALI - COLOMBIA PAGARA AL PORTADOR CINCUENTA CENTAVOS SERIE A PRESIDENTE GERENTE CAJERO AMERICAN BANK NOTE COMPANY |
| Reverse description | Green note with a row of ten coupon stubs across the top, each marked 'Cupón / Intereses / $0.01', above the central panel bearing the bank title 'BANCO HIPOTECARIO DEL PACIFICO'. A large stamped date 'JUNIO 15 DE 1920' appears across the face of the note. Two text blocks in Spanish explain the interest payment terms and the amortization conditions over 10 years by lottery, with the section heading 'SECCION HIPOTECARIA / ESTABLECIDA SEGÚN LEY 24 DE 1905'. A manuscript endorsement signature is visible in the lower central area, with the denomination 'CINCUENTA CENTAVOS' and the printer's imprint 'AMERICAN BANK NOTE COMPANY' at the foot. |
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| Comments |
The Banco Hipotecario del Pacífico was one of several regional Colombian banks operating under the 1880 banking law that permitted mortgage-based institutions to issue their own currency. By 1905, this was already borrowed time — the Law 33 of 1903 had set Colombia on a path toward centralizing monetary authority after the catastrophic paper peso inflation of the Thousand Days War, during which some state-backed issues lost virtually all value.
ABNC's involvement is unsurprising; they held a near-monopoly on South American bank note production at this period. Whether this note ever circulated meaningfully in Cali is doubtful given the monetary reforms closing in on private issuers.