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50 Centesimos Overprint on 500 Pesos P#115
| Issuer | Banco Central de Chile |
|---|---|
| Year | 1960-1961 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE CHILE QUINIENTOS PESOS CINCUENTA CONDORES CONVERTIBLES EN ORO CONFORME A LA LEY TALLERES DE ESPECIES VALORADAS - SANTIAGO - CHILE (Translation: Central Bank of Chile Five Hundred Pesos Fifty Condores Convertible in Gold in Accordance with the Law Valued Species Workshops - Santiago - Chile) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE CHILE 50 CENTESIMOS DE ESCUDO QUINIENTOS PESOS (Translation: Central Bank of Chile 50 Centésimos de Escudo Five Hundred Pesos) |
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| Comments |
Chile's 1960 monetary reform slashed the peso by a factor of 1,000, creating the escudo and forcing the Central Bank to overprint existing stock rather than wait for freshly designed currency. This note is a direct product of that stopgap — a 500 Pesos note hand-stamped or mechanically overprinted to read 50 Centesimos de Escudo, reflecting the precise conversion ratio. The Talleres de Especies Valoradas handled both the original printing and the overprint work in-house, which kept the operation under state control but introduced noticeable inconsistencies in overprint placement across the series.
Overprint adhesion on these is worth scrutiny — ink separation from the base note is a documented issue on worn examples.