1 Peso

The Banco de Caupolican was one of several provincial Chilean banks that emerged following the 1860 law permitting note-issuing banks outside Santiago. Caupolican — a province in central Chile — generated enough agricultural and mining commerce to sustain a private bank of issue, though the institution remained modest by any measure. The American Bank Note Company in New York supplied the printing for most Chilean provincial banks of this period, producing plates shared or adapted across multiple clients, which occasionally creates attribution headaches for researchers working across the Pick catalog.

Pick 136 is poorly documented in terms of surviving population, and Chilean provincial bank notes from the 1880s were subject to forced redemption and consolidation pressure well before the 1898 Ley de Conversión effectively ended private note issue in the country.