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25 Pesos

Issuer Tesoro Nacional de Nicaragua
Year 1910
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Reference(s) P#47
Obverse description Black on multicolour underprint. Intaglio portrait vignette of Christopher Columbus at left, the national coat of arms at centre right, with three manuscript signatures below. Red order numbers and Series E designation appear on the face.
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Reverse description Printed in olive. The central vignette presents the monument to Nicaraguan soldier Ramón Montoya — inscribed "NAMASIGUE 1907" on its pedestal — surrounded by a sculpted allegorical figure at its base and a lush tropical garden setting. Elaborate guilloche rosettes bearing the numeral 25 and the legend VEINTICINCO PESOS flank the central vignette at left and right, with TESORO NACIONAL across the top border and REPÚBLICA DE NICARAGUA along the lower border.
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Comments

The Tesoro Nacional issues of this period were treasury warrants in practical function — Nicaragua's banking infrastructure was thin enough that the national treasury itself served as the primary note-issuing authority rather than a dedicated central bank. The American Bank Note Company produced the series from its New York facilities, as it did for much of Central America during this period when regional governments consistently outsourced security printing rather than develop domestic capability.

Pick 47 is among the scarcer Nicaraguan issues of the pre-Federal Bank era, predating the Banco Nacional de Nicaragua's establishment by over a decade.

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