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500 Bolívares

Issuer Banco de Venezuela
Year 1924
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Value 500 Bolívares
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Reverse description The reverse is engraved in a monochromatic blue-green palette with an elaborate guilloche framework forming ornate corner cartouches, each bearing the numeral '500'. A central vignette presents the Venezuelan national coat of arms — comprising the quartered shield with horse, sheaf, and crossed arms, surmounted by flags and weapons — within a circular frame. The inscriptions 'BANCO DE VENEZUELA' and 'VENEZUELA' arc above and below the central arms in bold serif lettering.
Reverse lettering BANCO DE VENEZUELA
VENEZUELA
500
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Comments

Banco de Venezuela was a private commercial bank, not a central bank — Venezuela had no central bank until 1940. Notes like this one circulated as commercial paper backed by the bank's own reserves, operating under government concession. The 500 Bolívares denomination was substantial for the period, placing this note firmly in the realm of business and interbank transactions rather than everyday commerce.

American Bank Note Company's work for Venezuelan issuers during the 1920s is well documented. The single watermark security feature reflects the era's modest expectations for high-value commercial notes in South American markets — intaglio printing was considered the primary deterrent to counterfeiting.

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