50 Pesos

The Estado de Honduras issues of the early 1860s are among the rarest surviving paper obligations from Central American state governments of that period. Honduras had no functioning central bank in 1862 — these notes were issued directly by the state during a period of chronic fiscal instability and near-constant political turbulence under successive short-lived administrations.

Pick 6H is known in only a handful of examples. The survival rate for Honduran state paper from this decade is exceptionally poor, partly due to humid tropical storage conditions and partly because redemption was often never formally organized.