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| 正面描述 | The obverse is printed in red on white cotton paper and carries the title REPÚBLICA DE HONDURAS in bold letterpress across the upper portion, with the subtitle BILLETE ADUANERO immediately below. An oval vignette to the left contains the national coat of arms of Honduras, surrounded by fine guilloche lathe-work. The central field is occupied by a detailed fiscal table specifying the proportional acceptance rates of the note at customs houses by fiscal year, per Decreto Legislativo No. 2 of October 1927, with the denomination DIEZ PESOS rendered in a decorative panel at the base. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | The reverse is printed entirely in red and presents a purely ornamental design of elaborate guilloche lathe-work, with a large central rosette medallion flanked by two symmetrical leaf-shaped cartouches containing additional rosette motifs, all framed within an intricate geometric border. The issuer's name REPÚBLICA DE HONDURAS appears in a rectangular panel at the top, and BILLETE ADUANERO is similarly inscribed in a panel at the base. The printer's imprint of the American Bank Note Company appears in small type at the lower margin. |
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Honduras issued this note under a monetary framework still heavily influenced by the 1922 loan agreement with the United States, which had effectively tied Honduran fiscal policy to American banking oversight throughout the 1920s. The American Bank Note Company held the printing contract for the entire Lempira-era transitional series, though Honduras was still denominating in Pesos at this point — the Lempira wouldn't replace the Peso until 1931.
P#165 is scarce in any grade. The 1927 Peso issues had short circulation windows, and surviving examples in collectible condition are consistently underrepresented at auction relative to the later Lempira series.