1 Peso

Banco de Concepción was one of several regional Chilean banks authorized under the 1860 Ley de Bancos, which permitted private note issuance with only minimal reserve requirements — a deliberately loose framework that produced a proliferation of competing provincial currencies through the 1870s. Concepción's notes circulated primarily in the Biobío region, well south of Santiago, where the capital's own issues were often scarce in daily trade.

The American Bank Note Company printed the bulk of Chile's private bank series during this period, frequently recycling plate elements across multiple clients. Whether this note shares vignette components with contemporaneous issues from other Chilean banks is worth examining against the ABNC archives.