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50 Pesos

Issuer República de Nicaragua
Year 1909
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Currency Peso (1878-1912)
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Obverse description Black letterpress on red underprint. A portrait vignette of President José Santos Zelaya appears on the note. The design is printed by Tipografía Gutemberg of Managua, reflecting a locally produced issue of the period.
Obverse lettering República de Nicaragua VALE POR CINCUENTA PESOS QUE EL TESORO NACIONAL RECIBIRÁ EN CALIDAD DE MONEDA DE CURSO LEGAL. Decreto del 24 de Noviembre de 1909.
(Translation: Republic of Nicaragua Value of Fifty Pesos Which The Nacional Treasury will receive as legal currency. Decree of November 24, 1909.)
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Tipografía Gutemberg — a local Managua print shop, not one of the established security printers — produced this note entirely in-country, which was unusual for Nicaraguan paper money of the period. The result was predictably modest in terms of security features and print quality, and the series is known for significant variation in impression consistency across surviving examples.

1909 was a turbulent year for Nicaragua: U.S. political pressure was intensifying against the Zelaya government, and by year's end José Santos Zelaya had resigned. Whether notes from this series saw meaningful circulation before the political collapse is an open question, and the issuing authority effectively ceased to function in the chaos that followed.

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