20 Pesos

Banco de Talca was one of several Chilean provincial banks authorized under the 1860 Ley de Bancos, which allowed private institutions outside Santiago to issue their own currency. The American Bank Note Company handled engraving and printing for a significant number of these provincial Chilean issues during the 1870s and 1880s, producing plates of notably consistent quality across issuers that were, in practice, quite small regional operations.

Chile's banking law was overhauled in 1898, and the note-issuing privileges of private banks were progressively curtailed thereafter. Most Banco de Talca paper was retired and destroyed during that transition, which accounts for the genuine scarcity of surviving examples from the 1888 series.