10 Pesos

Honduras declared independence from the Central American Federation in 1838, but reliable paper currency took decades to materialize. The Estado de Honduras issues of 1862 predate any formal central banking structure — these were effectively quasi-official instruments, circulating on the strength of government authority rather than any banking reserve system.

The wax seal as the primary security feature is telling. By 1862, most contemporary issuers had moved toward printed signatures, serial numbering, or engraved anti-counterfeiting devices. A wax seal suggests either limited access to printing infrastructure or deliberate continuity with colonial-era document authentication practices — possibly both.

P#6D implies a known plate variant within the series, though documented survivors are few.