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| 表面の銘文 | REPÚBLICA DE NICARAGUA VALE POR CINCUENTA CENTAVOS que el Tesoro Nacional recibirá en calidad de moneda de curso legal. 1º DE ENERO DE 1906. Waterlow Bro. & Layton Limited Londres, Inglaterra (Translation: Republic of Nicaragua Value of Fifty Cents Which The Nacional Treasury will receive as legal currency. January 1st., 1906. Waterlow Bro. & Layton Limited London, England) |
| 裏面の説明 | Printed entirely in blue, the reverse is dominated by an intricately engraved guilloche framework with large numeral 50 counters at left and right. The Nicaraguan Coat of Arms is centrally positioned within a circular guilloche medallion, flanked by the curved legends CINCUENTA and CENTAVOS in the upper and lower margins respectively, with the numeral 50 repeated at the base. The printer's imprint appears at the very foot of the note. |
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Waterlow Bros. & Layton handled this contract before the firm's 1920 merger into Waterlow & Sons — placing this note in the earlier, less-documented chapter of that printer's long history of Latin American commissions. Nicaragua in 1906 was operating under the Zelaya government, which had been aggressively modernizing state finances since the 1890s, and fractional treasury notes like this one were part of an effort to address chronic small-denomination coin shortages that plagued commerce in the region.
Tesoro Nacional issues of this period are genuinely scarce in any grade; most saw hard use in daily transactions and few survived intact.