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10 Pesos 1st. issue

Issuer Banco Nacional de la República de Colombia
Year 1900
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Obverse description Black letterpress on orange-brown underprint, with a miners' labour vignette at left showing figures at work with equipment. The Colombian national arms appear as a central medallion surrounded by guilloche ornaments, with the denomination DIEZ PESOS in large bold letters below. A repeated denomination underprint in orange-brown runs along the top and bottom borders, and a red official seal of the Banco Nacional is applied at lower centre alongside manuscript signatures.
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Reverse lettering DIEZ PESOS
BANCO NACIONAL DE LA
10
REPUBLICA DE COLOMBIA
(Translation: The National Bank of Republic of Colombia
Ten Pesos)
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Comments

The Banco Nacional de la República de Colombia had a troubled final chapter. Established in 1881, the bank became the exclusive issuer of paper currency in Colombia, but by the late 1890s its notes were circulating at steep discounts against specie — the result of chronic over-emission to finance government deficits. The 1900 date places this note squarely within the Thousand Days War, the ruinous civil conflict that ran from 1899 to 1902 and drove Colombia's paper money into near-total collapse.

Printed domestically by Litografía Nacional rather than sent abroad to a European security printer, the note reflects wartime economic isolation as much as anything else. The Banco Nacional was formally liquidated in 1904.

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