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500 Pesos Oro
| Issuer | Banco de la República |
|---|---|
| Year | 1968-1971 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The central vignette presents a finely engraved intaglio interior view of the underground salt cathedral of Las Salinas de Zipaquirá, with dramatic arched rock columns and a cross visible at the altar; to the left, a circular guilloche medallion bears the Banco de la República seal with a female allegorical figure. The denomination appears in large lettering at upper right and lower left, and the legend IGLESIA SUBTERRÁNEA DE LAS SALINAS DE ZIPAQUIRÁ is inscribed at the base of the central vignette. |
| Reverse lettering | Quinientos Pesos Oro Iglesia Subterránea de las Salinas de Zipaquirá (Translation: Five Hundred Pesos Oro / Underground Church of the Salt Mines of Zipaquirá) |
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| Comments |
The Banco de la República had relied on the American Bank Note Company for high-denomination printing through much of the mid-twentieth century, and this 500 Pesos Oro continues that relationship into the late 1960s. At the time of issue, 500 pesos represented a significant sum in Colombia — roughly equivalent to several weeks' wages for an urban worker — which kept this denomination largely out of everyday retail circulation and concentrated it in commercial and interbank transactions.
The watermark security was relatively modest for a note of this value, reflecting ABNC's standard approach for the series rather than any particular Colombian specification. Examples that did circulate tend to show wear concentrated along the vertical fold lines.