50 Pesos

Banco San Fernando was one of the private commercial banks authorized to issue currency under Chile's 1860 banking law, which allowed note-issuing privileges without a central bank to regulate them. The system ran for decades but was effectively dismantled after Chile's 1925 monetary reforms established the Banco Central de Chile and terminated private issuance.

The American Bank Note Company printed for dozens of Latin American issuers in this period, and the San Fernando series is not among its more commonly encountered commissions. Fifty-peso denominations from provincial Chilean banks of this era survive in far smaller numbers than the lower values, which circulated harder and longer.