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50 Soles de Oro Overprinted on P#54
| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1935 |
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| Currency | Sol (1863-1985) |
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| Obverse description | Black intaglio on blue guilloche underprint. A central vignette of elaborate lathe-work surrounds a large numeral '5', flanked by denomination numerals in each corner within ornate frames. To the right, an intaglio vignette portrays a young shepherdess holding a lamb, with sheep at her feet amid foliage. The bank title 'BANCO DE RESERVA DEL PERU' arches across the top, with 'PAGARA AL PORTADOR' below, serial numbers printed in red, and the denomination 'CINCO LIBRAS PERUANAS DE ORO' in a bold panel at the base, dated Lima, 11 de Agosto de 1926. |
|---|---|
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| Reverse lettering | BANCO DE RESERVA DEL PERU CINCO LIBRAS PERUANAS DE ORO Banco Central de Reserva del Peru Cincuenta Soles Oro (Translation: Reserve Bank of Peru Five Libras Peruanas de Oro Central Reserve Bank of Peru Fifty Soles Oro) |
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| Comments |
Pick 62 is a product of Peru's early 1930s fiscal turbulence — specifically the gap between when the Banco Central de Reserva needed higher-denomination notes in circulation and when new plates could be prepared and delivered from ABNC in New York. Rather than wait, existing 50 Soles stock from the Pick 54 series was overprinted to alter its authorization or series designation, a stopgap common enough in Latin American banking of the period but rarely pretty in execution.
The overprint itself is the collecting point here. Alignment and ink saturation vary considerably across surviving examples, a known characteristic of the series.