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2 Pesos

Issuer República de Chile (Treasury)
Year 1880-1881
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Value 2 Pesos
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Obverse description Black on green underprint. At left, an intaglio portrait vignette of Admiral Manuel Blanco Encalada; at centre-right, a finely engraved landscape vignette of a village scene; the National Arms of Chile appear at lower right. Two official handstamps are applied: Type III 'SUPERINTENDENCIA DE LA CASA DE MONEDA' and Type IV 'CONTADURIA MAYOR'.
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Reverse lettering 2 REPUBLICA DE CHILE ESTE BILLETE ES MONEDA LEGAL PARA LA SOLUCION DE TODA ESPECIE DE OBLIGACIONES CUALES QUIERA QUE SEAN SU FECHA I LOS TERMINOS EN QUE ESTEN OTORGADOS. LEI DE 10 DE ABRIL DE 1879. American Bank Note Company, New York
(Translation: 2 Republic of Chile This banknote is legal tender for the settlement of all classes of obligations, whatever their date and the terms in which they are granted. Law of April 10, 1879.)
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Comments

Chile's Treasury issued this series during a period of acute fiscal stress — the War of the Pacific (1879–1884) had stretched government finances severely, and paper emissions from the Treasury rather than a commercial bank reflected the state's direct need for emergency liquidity. The American Bank Note Company contract was not unusual for South American governments of this period; ABNC held relationships across the continent and produced notes for multiple belligerents simultaneously.

The P#2 designation within the Chilean Treasury series suggests a very limited emission run, and surviving examples are genuinely scarce.

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