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1 Peso

Issuer República de Chile
Year 1883-1898
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Size 155 × 70 mm
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Obverse description Black on red-orange underprint. The obverse is centered by a vignette of a palace flanked on the left by the Chilean national arms and on the right by a portrait of President Federico Errázuriz Zañartu. The issuer's name runs across the top, with the face value rendered in numerals at all four corners and in letters along the upper register on either side of the central vignette. Two overprinted circular seals appear to either side of the central image, with an overprinted date at the foot of the note.
Obverse lettering 1 UN PESO UNO 1 República de Chile VALE POR Un Peso convertible en oro ó plata por el Estado conforme á la lei. Santiago Sbre. 26 del 94 American Bank Note Co., New York
(Translation: 1 One Peso One 1 Republic of Chile Worth for One Peso Convertible to gold or silver by the state, accordingly to the Law. Santiago September 26, 1894 American Bank Note Co., New York)
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Comments

Chile's 1880s peso notes were issued during a period of sharp monetary instability — the War of the Pacific (1879–1884) had forced the government to suspend convertibility in 1878, and paper currency circulated under a inconvertibility regime that persisted well beyond the war's end. The ABNC contract for this series was part of a broader effort to impose standardized, difficult-to-counterfeit printing on a note-issuing environment that had previously tolerated considerable variation among private banks.

The fifteen-year issue window (1883–1898) is wider than it first appears — individual notes within this Pick type can differ in signature combinations, series letters, and handwritten date completions, making date attribution a more involved exercise than the bracket suggests.

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