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2 Pesos
| Issuer | Banco Dugand |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
| Value | 2 Pesos |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Blue-toned note with an ornate guilloche border framing the central composition. A central vignette presents a circular medallic device, flanked symmetrically by the denomination '$2.00 / MONEDA LEGAL' repeated on each upper corner and large numeral '2' at each side. The issuer's name 'BANCO DUGAND' appears in bold letterpress across the centre, beneath which 'SECCIÓN HIPOTECARIA' and a multi-line text identifying this as a Cédula Hipotecaria established under Law 24 of 1905 at 6% annual interest are printed; a bearer clause in script reads 'DOS PESOS — moneda legal colombiana' with place of issue given as Barranquilla. Overprinted 'SPECIMEN' in red appears twice across the lower portion, with serial numbers shown as '00000'. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Condiciones: 1° El capital del Banco y los créditos activos de su Sección Hipotecaria garantizan el pago del principal y los intereses de sus Cédulas. 2° Las Cédulas se amortizarán a la par por medio de sorteo. 3° Los intereses se pagarán al portador en las oficinas del Banco, mediante presentación de las Cédulas al Cajero, quien hará la anotación del caso al pie. 4° El pago se hará al portador de las respectivas Cédulas y no se admitirá oposición de terceros. 5° No es responsable el Banco del valor de las Cédulas que por cualquier motivo desaparezcan de la circulación. 6° La propiedad de las Cédulas se transmite por la simple tradición. SE PAGARON INTERESES HASTA EL 31 DE DICIEMBRE DE 19 SE PAGARON INTERESES HASTA EL 30 DE JUNIO DE 19 |
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| Comments |
Banco Dugand was a short-lived Colombian private bank based in Barranquilla, founded by the Dugand family — a commercial dynasty with deep roots in the Caribbean coast's import trade. The bank issued notes during the brief window when Colombian regional banks still enjoyed the right to circulate their own currency before tighter federal controls shut most of them down. By the early 1920s, Banco Dugand had ceased operations.
The American Bank Note Company contract for this series is consistent with Colombian private banking practice of the period — ABNC held most of the regional accounts. Pick 427 is genuinely scarce; the bank's limited geographic reach meant small print runs and minimal surviving stock.