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500 Pesos 50 Condores

Issuer Banco Central de Chile
Year 1942-1943
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Value 500 Pesos = 50 Condores
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Reverse lettering BANCO CENTRAL DE CHILE QUINIENTOS PESOS
(Translation: Central Bank of Chile Five Hundred Pesos)
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Protection description Watermark area visible as an oval blank space to the left of the portrait on the obverse.
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Comments

Chile's 1931 monetary reform introduced the condor as a parallel unit of account — one condor equalled ten pesos — and for over a decade, high-denomination notes carried dual-denomination labeling as a result. This note's 500 Pesos / 50 Condores face value is a direct artifact of that transitional accounting convention, not a printing anomaly or error.

Talleres de Especies Valoradas, the Chilean state security printing works, handled production entirely in-house. By the early 1940s Chile had moved away from contracting foreign printers for most of its circulating currency, and TEV's output from this period shows it — the engraving is competent but lacks the fine intaglio detail of contemporary American Bank Note or Bradbury Wilkinson work.

The dual denomination was quietly dropped after 1943 as the condor unit fell out of practical use.

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