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1 Peso 2nd. issue
| Issuer | Banco Nacional de la República de Colombia |
|---|---|
| Year | 1900 |
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| Reference(s) | P#271, Hernández#768 |
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|---|---|
| Obverse lettering | EL BANCO NACIONAL DE LA REPUBLICA DE COLOMBIA pagará al portador á la vista UN PESO en moneda corriente BOGOTÁ 30 de SEPTIEMBRE de 1900. (Translation: The National Bank of Republic of Colombia Pay to bearer at sight One Peso In currency Bogota, September 30, 1900.) |
| Reverse description | Printed in purple. The centre is dominated by a large ornate guilloche medallion with radiating lathe-work patterns and a decorative foliate finial, with the numeral "1" at its centre and "UNO" inscribed on flanking panels. The composition is enclosed within a dense guilloche border incorporating repeated "UNO" and "1 PESO" lettering, with corner medallions each bearing the numeral "1"; the printer's imprint "Litografía Nacional, Bogotá" appears at the foot. |
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| Comments |
The Banco Nacional de la República de Colombia had a turbulent existence — Congress voted to liquidate it in 1894, but the institution lingered in a legal and operational twilight as the country slid toward the Thousand Days War, the devastating civil conflict that began in October 1899. Notes issued in 1900 circulated under those conditions: erratic redemption, rampant inflation, and a government printing money to fund a war it was losing.
Printing in-house at the Litografía Nacional in Bogotá, rather than contracting abroad, was both a cost decision and a necessity — foreign credit was not available.