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500 Pesos 50 Condores

Issuer Banco Central de Chile
Year 1929
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Obverse description Green intaglio print on grey paper. A finely engraved vignette of a condor with spread wings occupies the left field, perched on rocky ground. The centre bears a guilloche-framed panel with the denomination in large ornate lettering, flanked to the right by the numeral 500 within an elaborate lace-work cartouche. A cursive gold-convertibility clause runs across the lower portion above the date and two manuscript signatures, with BILLETE PROVISIONAL noted at lower right.
Obverse lettering BANCO CENTRAL DE CHILE QUINIENTOS PESOS CINCUENTA CONDORES Convertibles en oro conforme a la ley. SANTIAGO 29-1-1929 BILLETE PROVISIONAL
(Translation: Central Bank of Chile Five Hundred Pesos Fifty Condores Convertible into Gold in Conformity with the Law Provisional Note)
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Comments

The 500 Pesos / 50 Cóndores dual denomination reflects a specific transitional moment in Chilean monetary history: the 1925 banking reform under Arturo Alessandri introduced the Cóndor as a parallel unit valued at 10 Pesos, and notes of this period carried both expressions simultaneously to ease public transition. The Banco Central itself was only established in 1926, making this 1929 issue among the earliest productions of the new institution.

Printed domestically by the Talleres de Especies Valoradas — Chile's own security printing works — rather than contracted abroad to Bradbury Wilkinson or American Bank Note Company as earlier Chilean issues had been. That self-sufficiency was a deliberate policy choice.

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