2 Soles

Banco del Perú was one of several private commercial banks licensed to issue notes under Peru's 1869 banking legislation, which opened the field to private issuance during a period of guano-driven fiscal expansion. The American Bank Note Company handled the printing — a common choice for South American institutions of the period, whose governments and private banks alike preferred the security features and prestige that ABNC's New York production carried.

The S-prefix in Pick places this firmly in the private bank series, distinct from government-issued Peruvian notes. By 1877, following repeated bank failures and currency instability, Peru moved to consolidate and restrict private note issuance — effectively ending the brief era of competing commercial bank paper that this note belongs to.