1 Peso

Banco Internacional de Guatemala was one of several private commercial banks operating under the 1874 banking law that allowed note-issuing privileges in Guatemala. Waterlow & Sons handled the printing, as they did for a substantial portion of Latin American private bank paper during this period — their Guatemala work was largely interchangeable in quality with their output for neighboring issuers.

The long dating window reflects the bank's survival through the Estrada Cabrera dictatorship, which ultimately nationalized note-issuing authority in 1926. Earlier-dated examples within this series are considerably harder to place than the later ones, and the S-prefix in the Pick reference flags this as a specimen or private bank issue rather than a central government emission.