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| 背面描述 | Printed in red-brown, with a standing allegorical Liberty figure holding a sword and shield at left, accompanied by an eagle above bearing a banner inscribed "LIBERTAD Y ORDEN"; the central vignette presents a panoramic view of Puerto Colombia with its pier and coastline. The face value "50" appears in large numerals within guilloche panels at right, with the issuer title in bold letters along the lower border and the printer's imprint at the foot of the note. |
| 背面铭文 | CINQUENTA PESOS 50 REPÚBLICA DE COLOMBIA LIBERTAD Y ORDEN PUERTO COLOMBIA Waterlow & Sons, Londres, Inglaterra (Translation: Fifty Pesos Republic of Colombia Liberty and Order Puerto Colombia Waterlow & Sons, London, England) |
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Colombia's finances in 1904 were in ruins following the Thousand Days War, which ended in November 1902 after killing an estimated 100,000 people and gutting the national treasury. Paper money had been printed in catastrophic quantities by both Liberal and Conservative factions during the conflict, leaving the peso essentially worthless by the armistice. Notes issued in this immediate postwar period were attempts to reestablish credible government currency rather than instruments of a functioning monetary system.
Waterlow & Sons brought the production quality that Bogotá could not supply domestically — the Colombian government had relied heavily on locally produced, poorly controlled emissions during the war years.