Catalog
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| Issuer | Banco de Quito |
|---|---|
| Year | 1880 |
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| Reference(s) | P#S241 |
| Obverse description | Black and orange intaglio note with a central guilloche underprint. At left, a classical allegorical female figure is seated beside a column, while at right a vignette depicts a coastal landing scene with several figures, likely a historical or exploratory subject. The Ecuadorian coat of arms appears in the upper centre, flanked by the bank title and denomination inscription, with the date 'Quito, Enero 2 de 1880' in manuscript below and two signature lines labelled 'El Gerente' and 'El Director' at the bottom. |
|---|---|
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| Reverse description | Entirely engraved in green, the reverse presents an elaborate symmetric guilloche design with dense lathe-work rosettes and interlocking scroll patterns filling the field. The bank name 'BANCO DE QUITO' is set within a bold central panel, with the numeral '100' repeated at the upper left corner in reverse orientation. The border consists of an ornate engine-turned frame with scalloped edges and star motifs at intervals. |
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| Comments |
The Banco de Quito was one of several Ecuadorian provincial banks granted note-issuing rights under the 1871 banking law — a period when Ecuador had no central bank and private institutions filled the void, each issuing their own circulating currency backed by specie reserves of wildly varying credibility. The Banco de Quito was among the more solvent of these, though its notes were not universally accepted outside the capital.
American Bank Note Company's involvement was a deliberate credibility signal. Ecuadorian banks of this period frequently contracted ABNC precisely because the imprint carried weight with a note-handling public that had seen too many locally printed issues fail.