Catalog
50 Soles de Oro Overprinted on P#50
| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1935 |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DE RESERVA DEL PERU PAGARÁ AL PORTADOR 5 CINCO LIBRAS PERUANAS DE ORO DE ACUERDO CON LAS DISPOSICIONES DE LA LEY Nº 4500 LIMA, 12 DE ABRIL DE 1922. (Translation: Reserve Bank of Peru Will pay the bearer Five Libras Peruanas de Oro in accordance with the provisions of Law # 4500 Lima, April 12th., 1922.) |
| Reverse description | Dark blue intaglio design with two allegorical figures at centre. A red letterpress overprint, applied by the Banco Central de Reserva del Perú, restates the denomination as Cincuenta Soles Oro, revaluing the original 5 Libras Peruanas note for continued circulation under the reformed monetary system. |
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| Comments |
P#58 is a transitional note — the underlying P#50 plate design was overprinted to convert existing stock into a new denomination or authorization series rather than commissioning an entirely new printing run. This was a cost-saving measure the Banco Central de Reserva employed during the mid-1930s, a period when Peru was still adjusting to the monetary restructuring that followed the Depression-era collapse of the Sol's external peg.
The American Bank Note Company had a long relationship with Lima through this period, supplying engraved intaglio work of consistently high quality. The overprint itself, however, is the detail worth examining — its registration and ink consistency vary enough between surviving examples to suggest the application was done in smaller batches rather than as a single unified run.