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10 Centavos
| Issuer | Tesoro Nacional de Nicaragua |
|---|---|
| Year | 1894 |
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| Printer | Payot, Upham & Co., San Francisco, United States (1854-1906) |
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| Obverse description | Black letterpress print on orange and green underprint, with red serial numbers. The Nicaraguan coat of arms appears as a vignette at upper left, accompanied by extensive text detailing the legal tender decree of October 12, 1894. The note is inscribed with series designation SERIE XI and carries the issuing authority designation TESORO NACIONAL. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | TESORO NACIONAL DIEZ CENTAVOS REPÚBLICA DE NICARAGUA Payot, Upham & Co. S.F. (Translation: National Treasury Ten Cents Republic of Nicaragua Payot, Upham & Co. S.F.) |
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| Comments |
Payot, Upham & Co. operated out of San Francisco from the mid-nineteenth century and handled a range of security printing for Latin American clients who lacked access to the major Eastern US or European banknote houses. Nicaragua's Tesoro Nacional turned to them at a moment when the country's monetary system was being reshaped under President Roberto Sacasa — the 1894 series coinciding with ongoing instability that would culminate in the Zelaya coup later that same year.
The political transition almost certainly interrupted normal distribution. P#17 is among the scarcer pieces from this Payot, Upham output.