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50 Pesos Moneda Boliviano
| Issuer | Banco J. Benites é Hijo |
|---|---|
| Year | 1868 |
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| Currency | Peso Boliviano (1864-1963) |
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| Obverse description | The obverse is dominated by a central oval portrait vignette of a bearded gentleman in formal attire, flanked by two denomination numerals '50' set within ornate circular guilloche frames. To the left, an allegorical female figure stands in classical drapery, while to the right a vignette of a laborer at work appears within an elaborate engraved border. The bank title 'BANCO J. BENITES é HIJO' is inscribed across the upper portion in bold letterpress, with the promise text 'Pagará al portador y a la vista Cincuenta Pesos Moneda Boliviana o su equivalente en moneda legal' displayed across the lower centre. |
|---|---|
| Obverse lettering | BANCO J. BENITES é HIJO CINCUENTA 50 PESOS Pagará al portador y a la vista CINCUENTA PESOS MONEDA BOLIVIANA o su equivalente en moneda legal por J. Benites é Hijo |
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| Comments |
Banco J. Benites é Hijo was a private Bolivian commercial bank operating under the liberal banking legislation of the 1860s, which briefly allowed private institutions to issue their own currency before the state moved to consolidate that authority. The American Bank Note Company in New York handled the plate work, as it did for virtually every respectable South American private bank of the period — the prestige of a New York-engraved note mattered enormously to both issuers and depositors.
PS#1560 is among the rarer entries in the South American private bank series. Benites & Son was not a long-lived institution, and surviving issued examples are difficult to locate outside specialist auctions.