Catalog
8 Centavos de Córdoba on P#44b
| Issuer | Tesoro Nacional de Nicaragua (National Treasury of Nicaragua) |
|---|---|
| Year | 1912 |
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| Composition | Log in to see details |
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| Reference(s) | P#51 |
| Obverse description | Black on orange-brown underprint, with a portrait vignette of Christopher Columbus at left and three manuscript signatures below. A vertical red overprint reading 'ESTE BILLETE VALE OCHO CENTAVOS DE CÓRDOBA' is applied across the face of the underlying P#44b 1 Peso note. Order numbers are printed in red, establishing the revaluation of this note in the new Córdoba currency system. |
|---|---|
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| Reverse lettering | TESORO NACIONAL REPÚBLICA DE NICARAGUA UN 1 PESO AMERICAN BANK NOTE COMPANY, NEW YORK (Translation: National Treasury Republic of Nicaragua One 1 Peso American Bank Note Company, New York) |
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| Comments |
Nicaragua's 1912 currency reform introduced the córdoba to replace the peso, and this 8-centavo value was one of the more awkward denominations born of that transition. The "de córdoba" phrasing in the denomination reflects early nomenclature still being worked out — later issues dropped this construction entirely. The Tesoro Nacional, rather than a central bank, remained the issuing authority because Nicaragua had no functioning central bank at this point; fiscal management sat directly with the treasury, partly a consequence of the 1911 Knox-Castrillo Convention that placed customs revenues under American receivership.
The overprint origin — applied on stock from Pick 44b — means the underlying plate predates the córdoba itself.