10 Pesos

Colombia had no functioning central bank in 1900 — Banco Central was one of several private banks authorized to issue currency under the country's free banking arrangements of the late nineteenth century. The timing matters: 1900 falls squarely within the Thousand Days War, the brutal civil conflict between Liberal and Conservative factions that devastated the Colombian economy and triggered massive note overissues across every issuing bank in the country. Whether this particular issue circulated normally or was caught in the inflationary chaos of wartime is an open question, but survival rates for Colombian private bank notes from this period are generally poor.

ABNC printed for numerous Latin American issuers simultaneously, and the plates were often shared or adapted across institutions. Worth checking the margins for the engraver credit, which may indicate a borrowed vignette design.