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10 Pesos

Issuer Tesoro Nacional de Nicaragua
Year 1900
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Currency Peso (1878-1912)
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Obverse lettering REPÚBLICA DE NICARAGUA VALE POR DIEZ PESOS que el Tesoro Nacional recibirá en calidad de moneda de curso legal. 15 de Setiembre de 1900. Waterlow & Sons Ltd. Londres, Inglaterra
(Translation: Republic of Nicaragua Value of Ten Pesos Which The Nacional Treasury will receive as legal currency. September 15, 1900. Waterlow & Sons Ltd. London, England)
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Reverse lettering TESORO NACIONAL - REPÚBLICA DE NICARAGUA 10 DIEZ PESOS Waterlow & Sons Ltd. Londres, Inglaterra
(Translation: National Treasury - Republic of Nicaragua Ten Pesos Waterlow & Sons Ltd., London, England)
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Comments

The Tesoro Nacional de Nicaragua — the national treasury rather than a central bank — issued paper currency directly during this period, a reflection of Nicaragua's fragmented monetary infrastructure around the turn of the century. Waterlow & Sons handled a substantial portion of Central American government printing at this time, and their work for Managua followed the same commercial contract model used across the region.

Pick 31 is scarce. Nicaragua saw considerable political instability in the years immediately following 1900, and treasury notes of this type were frequently demonetized or simply lost to poor storage in the tropics.

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