Catalog
5000 Pesos 500 Condores
| Issuer | Banco Central de Chile |
|---|---|
| Year | 1932 |
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| Value | 5000 Pesos = 500 Condores |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE CHILE QUINIENTOS CONDORES CONVERTIBLES EN ORO CONFORME A LA LEY SANTIAGO, 1º de Febrero de 1932. CINCO MIL PESOS TALLERES DE ESPECIES VALORADAS. SANTIAGO, CHILE. (Translation: Central Bank of Chile Five Hundred Condores Convertible into Gold in Conformity with the Law Santiago, February 1st., 1932. Five Thousand Pesos) |
| Reverse description | Brown on orange underprint. A large underprint numeral 5.000 dominates the center of the note, set within an elaborate guilloche border framework with ornamental corner devices. The issuer's name appears in a banner across the top, with denomination numerals repeated in each corner. |
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| Comments |
The dual denomination — 5000 Pesos and 500 Condores simultaneously — reflects the short-lived Condor monetary unit introduced in Chile in 1925 at a fixed rate of 10 Pesos to 1 Condor. By 1932, the system was already in collapse; Chile had abandoned the gold standard that February under severe pressure from the global depression and a catastrophic fall in copper and nitrate revenues. Notes of this series circulated during one of the most unstable fiscal periods in Chilean republican history.
Talleres de Especies Valoradas, the Chilean state security printer, handled the entire run domestically — unusual for high-denomination paper at this level, where foreign security printers were typically preferred.