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10 Pesos

Issuer Banco Nacional
Year 1877
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Value 10 Pesos
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Obverse description The obverse is divided by a central allegorical vignette showing two classical female figures in an outdoor setting, with a large numeral '10' in ornate guilloche medallions at left and right. The upper border carries repeated denominational text, while the lower portion bears a handwritten promissory clause in Spanish, the place and date of issue 'Bogotá, 20 de Julio de 1877,' and a manuscript signature above the title 'EL GERENTE.' The legends 'EL BANCO' and 'POPULAR' flank the central vignette in bold letterpress, with 'DIEZ PESOS' and 'En Moneda Corriente' printed in the body text.
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Reverse description The reverse is printed in a uniform blue-grey ink and dominated by two large guilloche rosettes bearing the numeral '10' and the word 'DIEZ PESOS,' set against a dense lathe-work underprint of repeated denominational text. A central oval cancellation stamp reads 'BANCO POPULAR / MINISTRO DEL TESORO' and is overlaid with multiple manuscript signatures. A heading inscription references authorization under Decreto Número 517, and the lower margin carries the designations 'EL CAJERO' and 'JUNTA DE EMISIÓN,' with the printer's imprint of the Colombian Bank Note Company.
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Comments

The Banco Nacional was established by Colombia's 1880 banking reform, which makes a Banco Nacional note dated 1877 an immediate point of interest — this predates the institution's formal legal existence as most historians define it, suggesting either an anticipatory issue, a predecessor entity using the same name, or a cataloguing ambiguity that has never been fully resolved in the Pick literature.

The Compañía Colombiana de Billetes de Banco was one of the few domestic printing operations in nineteenth-century Latin America capable of producing security paper in-country rather than contracting to European houses — a deliberate policy choice in a period when Colombian authorities were acutely aware of how much political leverage foreign printers could exert over note supply.

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