50 Pesos Moneda Boliviano

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.