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10 Pesos
| Issuer | Banco del Ecuador |
|---|---|
| Year | |
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| Currency | Peso (1884-1898) |
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| Obverse description | Black intaglio print on pale paper with overall guilloche underprint. The centre bears two adjoining oval vignettes — a portrait bust of a military figure at left and an allegorical seated figure at right — framed by crossed rifles or lances. The bank title BANCO DEL ECUADOR arcs diagonally across the upper field in large bold lettering, flanked by four diamond-shaped corner medallions each inscribed DIEZ PESOS. The denomination DIEZ PESOS appears in large letterpress text across the lower centre, with the place of issue GUAYAQUIL and date line below, and the legend GERENTES at the foot. |
|---|---|
| Obverse lettering | BANCO DEL ECUADOR DIEZ PESOS GUAYAQUIL GERENTES 10 |
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| Comments |
Banco del Ecuador was one of several private banks of issue operating in Ecuador during the free banking period that ran, turbulently, from the 1860s through to 1898, when the government moved to consolidate currency authority. The ABNC printed multiple series for this issuer across several decades, and the P#141C falls within a sequence distinguished primarily by signature and date combinations rather than any redesign — the plates themselves were expensive and reused extensively.
Worth knowing: Ecuador's free banking era ended badly. The 1895–98 Liberal Revolution and subsequent monetary reforms under Eloy Alfaro collapsed the multi-bank note system, and surviving notes from Banco del Ecuador were either redeemed at discount or simply never presented. That redemption history is why circulated survivors are more common than uncirculated ones — the notes that stayed in pockets outlasted the ones locked in vaults.