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10 Pesos
| Issuer | Tesoro Nacional de Nicaragua |
|---|---|
| Year | 1894 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in black on white paper, the obverse bears a portrait vignette of Máximo Jerez at right, with the Nicaraguan coat of arms at lower centre applied in red as a seal. The face carries extensive letterpress text detailing the legal tender decree of October 12, 1894, including series and amortisation provisions. |
|---|---|
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| Reverse description | Printed entirely in black, the reverse is dominated by an elaborate engine-turned guilloche pattern composed of multiple interlocking circular lathe-work medallions filling the entire field. At centre, a large circular vignette frames the Nicaraguan national coat of arms, encircled by the legend TESORO NACIONAL / REPÚBLICA DE NICARAGUA; the denomination 10 / DIEZ PESOS appears in each corner within ornate cartouches. |
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| Comments |
Payot, Upham & Co. handled a notable share of Latin American government printing from their San Francisco operation in the latter half of the nineteenth century, positioning themselves as a regional alternative to the established eastern firms and European houses. Nicaragua's Tesoro Nacional turned to them repeatedly during the 1890s for this series.
The firm ceased operations in 1906, which makes provenance attribution on undated or ambiguously dated Central American fiscal paper from this period worth attention — their output is sometimes misattributed to competitors.