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Nicaragua Complete Set # 5
20,000 Cordobas On 20 Cordobas 1997 ND Provisional Issue P147

Next: 20 Cordobas 1985 (1988) Issue P152

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Note Details

Set Details

Note Description:	Nicaragua, Banco Central 20,000 Córdobas on 20 Córdobas 1987
Grade:	65 EPQ
Country:	NIC
Note Number:	NIC147
Signatures/ Vignettes:	- Printer: TDLR - Ovpt. on Nicaragua#135
Certification #:	2507146-052
Owner:	Love Collection

Sets Competing:	Nicaragua- Thomas de la Rue Set Score: 28 Nicaragua Complete Set # 5 Score: 28
Date Added:	5/1/2019
Research:	See PMG's Census Report for this Note

Owner's Description

These 20,000 Cordoba banknotes were overprinted during the hyper-inflationary period of the mid to late 1980s in Nicaragua. This particular banknote was an overprint of the Series F 20 Cordobas banknote from 1984 that never made it into circulation. This banknote (the 20 Cordobas Series F) is not listed in the Standard Catalog however there are specimens that do exist and I do have a specimen as part of my collection. A fellow collector from Nicaragua has a banknote from series F that doesn't have any overprints, however I believe this to be either a double error that didn't get overprinted or a banknote that was simply kept by a bank or printer employee before it had the opportunity to be overprinted. There are errors that do exist where either the obverse or reverse of the banknote may not have been overprinted, or possibly could have been inverted or a combination of the two. I have one of these error notes as part of my collection.

These overprints were part of a central bank resolution from the 6th of August 1987 authorising the overprinting of 15 million series F 20 cordobas banknotes with the new 20,000 Cordoba denomination. These notes were placed into circulation of the 14th of October 1987. I have banknotes in my collection from relatively low numbers from 1200 up to high numbers 14 million 900 thousands such as this example.

The design of this banknote is a continuation from the previous series E 1979 20 Cordobas banknotes featuring the portrait of Sandino on the obverse. And the popular Sandinista Milita marching on the reverse.