Nicaragua Complete Set # 2
10 Centavos 1938 Issue P87

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Note Details

Set Details
Note Description: Nicaragua, Banco Nacional
10 Centavos 1938
Grade: 64
Country: NIC
Note Number: NIC87a
Signatures/
Vignettes:		 - Printer: ABNC
Certification #: 8062036-007  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 2  Score: 1019
Date Added: 7/8/2019
Research: See PMG's Census Report for this Note

Owner's Description

The 10 Centavo banknote from the serie de 1938 was very short lived in circulation. It continues with the same design from the previously issued 1912 10 Centavos banknotes Pick 52.

They were printed by ABNC (American Bank Note Company)

There was also another earlier 10 centavo Serie de 1938 issue which featured a slightly different design it was banknote Pick 79 which was printed by HBNC (Hamilton Bank Note Company) also issued in 1938.

I believe these fractional notes weren't lasting very long in circulation as there was multiple releases within only 2 years and the decrees mentioned they were replacing incinerated banknotes that were in poor condition. Finally the fractional centavo notes of 10, 25 & 50 Centavos were to be withdrawn from circulation via decree Number 4 on the 25th of April 1939. These notes were to be replaced with the newly minted coins of the same year.

I believe there to have been 2,000,000 10 centavos banknotes produced. Released via three or more decrees into circulation.

The first executive decree number 96 on the 14th of November 1938 authorised the release of 400,000 with serial numbers 000001 through to 400000.

The second executive decree number 105 on the 22nd of December 1938 authorised a further release of 800,000 banknotes from serial number 400001 through to 1200000.

And An estimated 800,000 more were released through a subsequent decree(s).

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