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1 Peso

Issuer Banco de la Unión
Year 1882
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Value 1 Peso
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Obverse description Green and black note with a central vignette of a large classical building set against a mountain backdrop, framed by fine guilloche work. The denomination "UN PESO" appears twice flanking the central vignette, with large ornate "1" numerals at left and right corners; a bust of Mercury in profile occupies the lower right corner. The bank title "EL BANCO DE LA UNION" arcs across the top, with the Quito date line and payment text "Pagará al Portador" in the lower centre field, above the large underprint legend "U.N.O."
Obverse lettering EL BANCO DE LA UNION
UN PESO
UN PESO
Pagará al Portador
EN MONEDA CORRIENTE
U.N.O.
Quito
DIRECTOR
GERENTE
American Bank Note Co. New York
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Comments

Banco de la Unión was one of several private Colombian banks chartered under the 1880 banking law, which allowed provincial commercial banks to issue their own circulating notes. The American Bank Note Company handled a significant share of this work — not because Colombian institutions had any particular loyalty to New York printers, but because ABNC was aggressively marketing its services across Latin America during this period and could offer security printing that local facilities simply couldn't match.

The Banco de la Unión itself was short-lived. Colombia's chaotic monetary history of the 1880s and the eventual nationalization pressures of the following decade pushed most private issuing banks into dissolution, making surviving notes from this series genuinely uncommon in any grade.

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