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10 Pesos 1 Condor - overprint on P#63
| Issuer | Banco Central de Chile |
|---|---|
| Year | 1925 |
| Type | Standard circulation banknote |
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| Obverse description | Brown intaglio on green guilloche underprint. A condor vignette occupies the left panel, while a seated allegorical female figure holding a shield fills the center. The face carries a red oval overprint seal of the Banco Central de Chile, with additional overprinted legends reassigning the bank name at top, restating the face value in Condores below the original denomination, and a bar overprint reading "por el Estado"; the legend "BILLETE PROVISIONAL" appears along the lower margin, and a single or double block-letter prefix precedes the serial number. |
|---|---|
| Obverse lettering | Republica de Chile BANCO CENTRAL DE CHILE DIEZ PESOS Un Condor ORO 10 DE DICIEMBRE DE 1925. Convertibles en Oro por el Estado conforme a la lei SANTIAGO BILLETE PROVISIONAL (Translation: Republic of Chile Central Bank of Chile Ten Pesos One Condor Gold December 10th., 1925 Convertible by the State (bar overprinted) according to the Law Santiago Provisional note) |
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| Comments |
Chile's monetary reform of 1925 replaced the peso with the new condor at a rate of 10 pesos to 1 condor, part of a broader stabilization effort pushed through under Arturo Alessandri's government with direct input from the Kemmerer Mission — the team of American financial advisors led by Edwin Kemmerer that restructured the monetary systems of several South American countries during the 1920s. Rather than waiting for freshly designed stock, the Banco Central simply overprinted existing P#63 peso notes, converting them to condor denominations on the spot.
The Imprenta Fiscal in Santiago applied the overprint locally. Transitional issues of this kind tend to see heavy use before purpose-printed replacements arrive, and wear on surviving examples reflects that.