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1 Peso
| Issuer | Banco de Quito |
|---|---|
| Year | 1874-1878 |
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| Currency | Peso (1856-1884) |
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| Obverse description | Black intaglio on a light orange guilloche underprint. A central panel carries the text 'PAGARÁ AL PORTADOR UN PESO EN MONEDA CORRIENTE' below an Ecuadorian coat of arms flanked by an eagle at the top center. Two oval portrait vignettes are placed at left and right, each showing a figure of indigenous dress. The denomination 'UN PESO' appears in all four corners within decorative cartouches, and the issuer's name 'BANCO DE QUITO' is set in large bold lettering across the center. A date line reading 'Quito de de 18' and signature lines with a perforated 'COBPER' cancellation are visible at the bottom. |
|---|---|
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| Reverse description | Printed entirely in green intaglio, the reverse is dominated by a large central oval vignette of a Quito street scene with a church and colonnaded building. The oval is surrounded by an elaborate scrollwork border incorporating four smaller circular guilloche rosettes at the cardinal points and additional ornamental lathe-work medallions at the corners, creating a richly decorative frame with no additional text. |
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| Comments |
Banco de Quito was one of several private Ecuadorian banks granted note-issuing privileges under the 1871 banking law — a deliberately liberal framework that left the country without a central bank until 1927. Charles Skipper & East, the London firm responsible for printing, handled a significant volume of Latin American provincial bank work during this period, often producing runs for institutions whose operational lifespans proved short.
Banco de Quito itself failed in 1894, a casualty of the political and financial turbulence that preceded the Liberal Revolution. Notes from the 1874–1878 issue window survived in small numbers; the bank's collapse ensured most of its paper never returned for redemption.