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1 Sol 1/10 Libra, Gold Certificate
| Issuer | Junta de Vigilancia de Emisión de Cheques Circulares |
|---|---|
| Year | 1917 |
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| Composition | Log in to see details |
| Size | 107 × 60 mm |
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|---|---|
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| Reverse description | The Peruvian coat of arms is centrally placed within a circular guilloche frame, with the country name arching above in a curved legend. The denomination appears in both numerals and words in all four corners, and repeated in letters over numerals on the lateral panels; a redemption clause is set in text below the central device. |
| Reverse lettering | REPÚBLICA PERUANA UN SOL/1 UN SOL/1 CONVERTIBLE A SU PRESENTACION EN MONEDA SELLADA DE ORO EN LAS OFICINAS DE LA JUNTA DE VIGILANCIA Y A RAZON DE DIEZ CERTIFICADOS POR LIBRA (Translation: Peruvian Republic One Sol/1 One Sol/1 Convertible, at presentation into gold sealed currency at Vigilance Joint offices and at rate of ten certificates for each pound.) |
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| Comments |
Peru's Junta de Vigilancia de Emisión de Cheques Circulares was a supervisory body established to manage the country's circulating check system — an arrangement that emerged because commercial banks, rather than a central bank, were supplying the country's paper currency. These cheques circulares were guaranteed by gold reserves held against them, hence the "gold certificate" designation, which was a meaningful contractual claim rather than decorative wording.
The American Bank Note Company handled the bulk of Peru's quality banknote production during this period, and the 1917 series was printed entirely in New York while Peru lacked a functioning central monetary authority. The Banco de Reserva del Perú was only established in 1922, five years after this note's issue.