Catalog
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| Issuer | Banco de la Unión |
|---|---|
| Year | 1882 |
| Type | Log in to see details |
| Value | 1 Peso |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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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.