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10 Pesos

Issuer República de Chile
Year 1899-1911
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Reference(s) P#20
Obverse description Black on red-brown underprint, reduced format similar to earlier issues. A vignette of the Cal y Canto bridge over the Mapocho River in Santiago occupies the left portion, while an intaglio portrait of President José Joaquín Pérez is placed at right. Various handstamp varieties are known on this type.
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Reverse description Printed in brown, the reverse is entirely composed of intricate lathe-work guilloche patterns arranged symmetrically across the full field. The denomination numeral "10" appears in ornate circular guilloche cartouches at both the left and right extremities, while the country name is set within a bold central panel flanked by arrow-shaped ornaments. The imprint "American Bank Note Co. New-York" appears twice along the lower margin.
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Comments

Chile's fiscal situation in the 1890s was dominated by the aftermath of the 1891 Civil War and the ongoing monetization of nitrate revenues, which created persistent pressure on the peso's convertibility. These notes circulated under a suspension of specie payments that had been in place since 1878 and would not be meaningfully resolved until the 1925 monetary reforms.

The American Bank Note Company held Chile's printing contract through this entire period. ABNC's New York plant produced the full run of the P#20 series across its twelve-year issue span, with date and serial completion applied before shipment to Santiago.

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