100 Soles de Oro

By the early 1960s, Peru's Banco Central de Reserva had settled into a long-running relationship with Thomas De La Rue for its higher denominations, and this note belongs to a series that remained in issue well into the inflationary pressures of the late 1960s and early 1970s. The Sol de Oro itself had replaced the old Libra Peruana back in 1931 and by 1964 was already under slow erosion from chronic fiscal deficits — the 100-Sol note would eventually look modest against the denominations forced into circulation before the Inti replaced the currency altogether in 1985.

Pick 86 is a relatively common survivor in circulated grades, though lightly used examples are harder to find than the catalogue frequency might suggest.