50 Pesos 5 Condores

Chile's dual-denomination system of this period — where notes carried values expressed in both pesos and condores simultaneously — reflected the 1925 monetary reform that created the condor as a unit equal to 10 pesos. The Banco Central, itself founded in 1925 under pressure from the Kemmerer Commission's restructuring mission, used both units in parallel on circulating notes for over a decade before the condor designation was quietly dropped.

Otto Meyerholz Gallardo's signature appears across all three known date variants, spanning eight years — an unusual continuity of office through a period that included the brief socialist republic of 1932 and the political turbulence surrounding it. Guillermo Subercaseaux Pérez, who signed the 1933 date, was an economist of some prominence, author of an early treatise on Chilean monetary theory.