100 Pesos

Banco Agrícola Mercantil was a Guatemalan private bank operating under the liberal banking legislation of the 1870s and 1880s, which allowed multiple commercial institutions to issue their own currency — a period of plural note issue that ended definitively with the nationalization reforms of the early twentieth century. The American Bank Note Company was the prestige choice for Central American issuers of this period, and Guatemalan private banks leaned on ABNC heavily to project financial credibility to a skeptical public.

The S-prefix designation in the Pick catalog flags this as a privately issued commercial note rather than a government obligation — technically scrip, though it circulated as currency in practice.