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5 Pesos
| Issuer | Banco Comercial de Chile |
|---|---|
| Year | 1890 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S153 |
| Obverse description | Intaglio vignette of a young girl in three-quarter portrait at left, with the Chilean coat of arms at center-right. Bank title in large ornate lettering across the top, with denomination CINCO PESOS in an oval guilloche underprint at center. Specimen punch-holes and cancellation oval stamp visible; printer's imprint of Waterlow & Sons at bottom. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in olive-brown, the reverse centers on an intaglio vignette of a classical female bust in laurel wreath within an oval frame, flanked by symmetrical guilloche rosette panels bearing the numeral 5 at each corner. The bank title arcs around the central vignette, with CINCO PESOS inscribed below; printer's imprint of Waterlow & Sons appears at the bottom margin. |
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| Comments |
Banco Comercial de Chile was one of several private commercial banks authorized to issue notes under Chile's 1860 banking law, which permitted note issuance up to 150% of paid-in capital. That arrangement held until the 1898 conversion crisis forced the state to absorb private bank circulation entirely — most surviving Banco Comercial notes date from the window between the bank's founding in the 1880s and that forced consolidation.
Waterlow & Sons produced the plates and printed the series in London, a common arrangement for South American private bank paper of the period. Chilean private bank notes of this era are chronically underrepresented in surviving collections; most circulated hard in a commodity-driven economy before redemption laws pulled them from use.