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50 Pesos

Issuer República de Honduras
Year 1927
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Shape Rectangular
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Obverse description Green and black note with the title 'REPÚBLICA DE HONDURAS' in large letters across the upper portion, below which the subtitle 'BILLETE ADUANERO' appears within a decorative border. The Honduran national arms vignette occupies the left side, while the denomination '50' appears in large numerals at upper left, upper right, and at center right within an ornate guilloche panel. A central text block in Spanish states the terms of acceptance of the note as customs duty payment, with a fiscal year redemption schedule printed in tabular form; the word 'SPECIMEN' is overprinted diagonally in red across the center. Serial number positions are marked 'No 000000' and three signature lines for Contador Mayor, Ministro de Hacienda, and Director Gral. de Rentas appear at the bottom, with 'EMISION DE 1928' and 'SERIE B' noted at upper right.
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Reverse lettering REPÚBLICA DE HONDURAS
BILLETE ADUANERO
AMERICAN BANK NOTE COMPANY
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Comments

Honduras issued this note through the Banco Atlántida under government authorization rather than through a central bank — the country wouldn't establish the Banco Central de Honduras until 1950. The American Bank Note Company held a near-monopoly on Central American government printing in the 1920s, and their New York production quality stood in sharp contrast to the fiscal instability most of these states were actually experiencing at the time.

The P#165A designation suggests a plate or signature variety within a small series. High-denomination notes from Honduras in this period rarely survived in quantity — 50 Pesos was serious money in a country where the lempira wouldn't replace the peso until 1931.