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1 Peso Banco de Valparaiso
| Issuer | Banco de Valparaíso |
|---|---|
| Year | 1876 |
| Type | Log in to see details |
| Value | 1 Peso |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Black on orange guilloche underprint. Central vignette shows the Banco de Valparaiso building in intaglio engraving, flanked by ornate numeral "1" medallions at left and right. The denomination "UN PESO MONEDA CORRIENTE" appears to the right in a decorative panel, with the issuing bank's title across the top and handwritten date and serial number at lower left. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in green. Central vignette portrays Mercury seated atop a globe, rendered in fine intaglio engraving, surrounded by an intricate guilloche border. Large script numeral "1" panels appear at left and right, with the bank title arched above and the republic name and printer's imprint below. |
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| Comments |
The Banco de Valparaiso was one of Chile's major private banks operating under the 1860 Ley de Bancos, which permitted note issuance backed by metallic reserves. American Bank Note Company in New York handled the printing for several Chilean private banks during this period — a common arrangement when domestic printing infrastructure couldn't meet the security demands of fiduciary currency. ABNC plates were expensive to commission but virtually impossible to counterfeit locally, which made the relationship attractive despite the logistical distance.
The bank collapsed following Chile's 1878 financial crisis, triggered in part by the silver price crash. Notes from this issue had a correspondingly short circulation window.