Catalog
50 Pesos
| Issuer | Banco Hipotecario |
|---|---|
| Year | 1881 |
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| Reference(s) | P#S514 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO HIPOTECARIO PAGARÁ AL PORTADOR A LA VISTA CINCUENTA PESOS EN MONEDA CORRIENTE BOGOTÁ 1° DE OCTUBRE DE 1881 EL GERENTE EL PRESIDENTE DEL CONSEJO CINCUENTA NÚMERO SERIE |
| Reverse description | Uninscribed back printed as a mirror-image offset impression of the obverse in light tones, typical of a note printed on one side only, with the obverse design showing through the paper. The orange '50' guilloche panel is visible at lower right, and the faint outlines of the central vignette and text panels are discernible through the sheet. |
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| Comments |
The Banco Hipotecario was a mortgage bank, not a central or commercial institution — its notes were backed by real estate collateral rather than specie or government guarantees, a model common across Latin America in the 1870s and 1880s as land-rich but cash-poor economies tried to mobilize property as financial capital. Which country issued this note is unspecified in the catalog data, and several nations operated institutions under this name during the period, so attribution beyond the printer is not possible here.
American Bank Note Company's New York presses handled the job, as they did for a significant share of Latin American paper in this decade. The S-prefix Pick reference places it firmly in the speculative/private bank category.