50 Centavos Certificado de deposito de oro

The Junta de Vigilancia de la Emisión de Cheques Circulares was a short-lived supervisory body established during Peru's monetary turmoil of the mid-1910s, when a shortage of hard coin forced improvised fractional currency into everyday commerce. These gold deposit certificates — certificados de depósito de oro — were not banknotes in the conventional sense but receipts against a gold reserve, a legal distinction that mattered enormously at the time and was widely ignored by the public that used them as change.

Lithografía Seghem in Lima handled production, which kept this entirely a domestic operation. Small-format fractional issues from this body are scarce; the 50 centavos denomination saw heavy transactional use and survived poorly.