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50 Pesos
| Issuer | Banco Nacional del Salvador |
|---|---|
| Year | 1911 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Printed in dark green on a dense guilloche underprint, the reverse mirrors the ornamental layout of the obverse with the bank title EL BANCO NACIONAL DEL SALVADOR across the upper field and the large central numeral 50 within a scrollwork vignette. The inscription SAN SALVADOR appears in the lower panel, and the note bears a manuscript countersignature across the centre. A black ink cancel stamp is visible at the upper left, indicating a redeemed or cancelled example. |
| Reverse lettering | EL BANCO NACIONAL DEL SALVADOR 50 SAN SALVADOR |
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| Comments |
Banco Nacional del Salvador was the dominant note-issuing institution in El Salvador during the early republic period, though it operated in persistent competition — and occasional conflict — with other concession-holding banks that were also authorized to issue currency. By 1911, that multi-bank issuance system was already under strain; a sweeping banking reform in 1934 would eventually consolidate note issue under the newly created Banco Central de Reserva, rendering all earlier private bank notes obsolete.
Waterlow & Sons had a deep footprint across Latin American note contracts by this period. The 50 Pesos denomination within this series is among the higher face values, and high-denomination notes from Salvadoran private banks of this era routinely saw limited actual circulation — held in interbank settlement rather than retail use — which affects surviving populations in ways that don't always match wear patterns.