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5 Córdobas
| Issuer | National Bank of Nicaragua Incorporated (Banco Nacional de Nicaragua) |
|---|---|
| Year | 1912 |
| Type | Standard circulation banknote |
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| Obverse description | Black on beige underprint. Intaglio-printed face with portrait of Francisco Hernández de Córdoba at left and portrait of Miguel de Larreynaga at lower right, both set within ornate guilloche surrounds. The note carries extensive bilingual legal tender text in Spanish across the centre field. |
|---|---|
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| Reverse description | Printed in dark green on beige paper. The centre of the reverse is dominated by a vignette of the Nicaraguan Coat of Arms — a triangle enclosing five volcanoes beneath a radiating sun — set within an elaborate engine-turned guilloche framework. Large ornamental numeral '5' counters appear at left and right within interlocking lathe-work rosettes, with the denomination cartouche at the foot and the bilingual bank title across the top. |
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| Comments |
The Banco Nacional de Nicaragua Incorporado was established in 1912 under a concession granted to American banking interests — Brown Brothers & Company among them — as part of the broader U.S. financial intervention that would culminate in the Bryan-Chamorro Treaty of 1916. The bank held a monopoly on note issuance and effectively operated as a private American enterprise managing Nicaraguan currency, a situation that generated sustained political resentment throughout its early decades.
Hamilton Bank Note Company printed relatively few sovereign-issue series during this period compared to the larger American Bank Note Company, making their Nicaraguan commissions a minor but distinct chapter in their output. Pick 57 is among the earliest notes of the series and survivors in any condition are genuinely uncommon.