5000 Pesos 500 Condores

Chile's dual-denomination system — where notes carried both a peso value and an equivalent in condores at a fixed 100:1 ratio — was introduced in 1925 when the condor was established as the theoretical monetary unit of account. By 1940, the condor had never fully displaced everyday peso usage, and the parallel labeling had become bureaucratic habit rather than practical necessity. The condor was eventually dropped from circulation vocabulary altogether in the 1960s.

Talleres de Especies Valoradas, the state printing works in Santiago, produced the entire domestic banknote output by this period, having supplanted foreign printers such as Waterlow and American Bank Note Company on most Chilean issues. The watermark is the sole listed security feature — no serial number prefix system or colored fiber inclusions documented for this pick number.