| Slot: |
1 Peso 1900 Issue P29 |
| Item: |
Nicaragua, Billete del Tesoro Nacional
1 Peso 1900 |
| Grade: |
PMG AU 55 |
| Cert #: |
2074682-045
|
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| Slot: |
50 Centavos 1906-08 Issue P34 |
| Item: |
Nicaragua, Billete del Tesoro Nacional
50 Centavos 1906 |
| Grade: |
PMG VF 25 |
| Cert #: |
2193566-013
|
Owner Comments
These banknotes of 50 Centavos and 1 Peso for 1906 were placed into circulation on the 2nd of August 1906 (as quoted from the Flores Book). I couldn't find any information on how many notes were produced for this year. However there was an executive decree from the 2nd of November 1907 authorising this issue to replace the ageing and damaged banknotes currently in circulation. A further decree on the 26th of August 1908 limits the total amount of the emission to 1,750,000 pesos.
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| Slot: |
1 Peso 1906-08 Issue P35 |
| Item: |
Nicaragua, Billete del Tesoro Nacional
1 Peso 1906 |
| Grade: |
PMG F 12 |
| Cert #: |
1857599-002
|
Owner Comments
These banknotes of 50 Centavos and 1 Peso for 1906 were placed into circulation on the 2nd of August 1906 (as quoted from the Flores Book). I couldn't find any information on how many notes were produced for this year. However there was an executive decree from the 2nd of November 1907 authorising this issue to replace the ageing and damaged banknotes currently in circulation. A further decree on the 26th of August 1908 limits the total amount of the emission to 1,750,000 pesos.
The only information I could find was the authorisation to swap over 30,000 pesos in value of incinerated notes from previous emissions to the new 1906 1 peso notes serial numbers # 50001 through to 80000 on the 2nd of August (from the Cuadra Book).
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| Slot: |
50 Centavos 1911 Issue (dated 1910) P43 |
| Item: |
Nicaragua, Tesoro Nacional
50 Centavos 1910 - Printer: ABNC |
| Grade: |
PMG VF 35 |
| Cert #: |
2181524-019
|
Owner Comments
These notes for 1910 have two different signature varieties. The banknotes all feature Christopher Columbus on the obverse of the notes.
From what I could find these notes were originated through a contract from the Government with a wealthy businessman by the name of Alfredo Pellas (his descendants are still very prominent business owners running several successful businesses within Nicaragua including the famous Nicaraguan Rum Flor de Caña) on the 9th of January 1910. For the 50 Centavos notes there was to be 1.5 million printed with a face value of 750,000 pesos.
There was an executive decree #122 on the 27th of March 1911 under the new government authorising to print the same amount of notes but this time they were printed with the signature new President Juan Estrada. Based on the serial numbers they continued this series from 1500000 through to 3000000.
This particular note is of the B type with the second signature variety. In the other sets you will find the other signature variety.
Later some of these notes were overprinted in 1912 to have a new face value of 4 centavos (P50).
Christopher Columbus was of course the famous Italian explorer that mistakenly had discovered the Americas.
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| Slot: |
1 Peso 1911 Issue (dated 1910) P44 |
| Item: |
Nicaragua, Tesoro Nacional
1 Peso 1910 - Printer: ABNC |
| Grade: |
PMG F 12 |
| Cert #: |
2184330-095
|
|
| Slot: |
5 Pesos 1911 Issue (dated 1910) P45 |
| Item: |
Nicaragua, Tesoro Nacional
5 Pesos 1910 - Printer: ABNC |
| Grade: |
PMG F 15 |
| Cert #: |
1526781-009
|
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| Slot: |
10 Centavos Ley de 20 de Marzo de 1912 P52 |
| Item: |
Nicaragua, Banco Nacional
10 Centavos 1912 (ND 1922) - Printer: ABNC |
| Grade: |
PMG VF 25 |
| Cert #: |
1859973-013
|
Owner Comments
These new Fractional 10 Centavo notes were printed by ABNC for the new National currency the Cordoba. They were dated 1912 but the first notes were actually printed in October 1914.
There was a total of 5.75 million notes produced from 1914 through to 1926, broken down over multiple (6) emissions with different signatures and Prefixes. The particular note the Prefix C was produced in July 1922 and there was 2 million notes produced for this and prefix D combined.
The design was used again in 1937 and 1938 before being phased out and replaced with coins.
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| Slot: |
25 Centavos Ley de 20 de Marzo de 1912 P53 |
| Item: |
Nicaragua, Banco Nacional
25 Centavos 1912 (ND 1914) - Printer: ABNC |
| Grade: |
PMG F 15 |
| Cert #: |
8066966-006
|
Owner Comments
These new Fractional 25 Centavo notes were printed by ABNC for the new National currency the Cordoba. They were dated 1912 but the first notes were actually printed in October 1914.
There was a total of 950,000 notes produced from 1914 through to 1918, broken down over two emissions. This being the first issue with 750,000 with a red serial number and the 2nd issue with an A prefix and a blue serial number had only 200,000 issued.
The design was used again in 1937 and 1938 before being phased out and replaced with coins.
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| Slot: |
50 Centavos Ley de 20 de Marzo de 1912 P54 |
| Item: |
Nicaragua, Banco Nacional
50 Centavos 1912 (ND 1918) - Printer: ABNC |
| Grade: |
PMG F 12 |
| Cert #: |
8065633-001
|
Owner Comments
These new Fractional 50 Centavo notes were printed by ABNC for the new National currency the Cordoba. They were dated 1912 but the first notes were actually printed in October 1914.
There was a total of 500,000 notes produced from 1914 through to 1918, broken down over two emissions. The first issue with 300,000 with no prefix and this the 2nd issue with an A prefix and had only 200,000 issued.
The design was used again in 1937 and 1938 before being phased out and replaced with coins.
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| Slot: |
1 Cordoba 1927-39 Issue P63 |
| Item: |
Nicaragua, Banco Nacional
1 Córdoba 1937-39 |
| Grade: |
PMG 64 |
| Cert #: |
1204761-005
|
Owner Comments
Just like the fractional banknotes the 1938 1 Cordoba had two different design releases in the same year.
These banknotes had the same design as those issued previously in 1932 and 1937. They were printed by ABNC (American Bank Note Company). They feature the effigy of woman (believed to be French) with an exposed breast on the obverse and the national coat of arms on the reverse.
I believe there to have been 600,000 1 Cordoba banknotes produced. Released via two decrees into circulation.
The first executive decree number 96 on the 14th of November 1938 authorised the release of 200,000 with serial numbers 000001 through to 200000.
The second executive decree number 105 on the 22nd of December 1938 authorised a further release of 400,000 banknotes from serial number 200001 through to 600000.
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| Slot: |
2 Cordobas 1927-39 Issue P64 |
| Item: |
Nicaragua, Banco Nacional
2 Córdobas 1939 |
| Grade: |
PMG F 12 |
| Cert #: |
8067116-001
|
Owner Comments
These 2 Cordobas notes were authorised to enter circulation through the executive decree # 14 on the 9th of November 1939 as part of the larger order from the 2nd of June 1939.
A total of 500,000 notes were issued from serial number 000001 through to 500000 with a face value of 1 million cordobas.
These were a new completely different design that would be carried forward to the 1941 and 1945 issues.
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| Slot: |
5 Cordobas 1927-39 Issue P65 |
| Item: |
Nicaragua, Banco Nacional
5 Córdobas 1938-39 |
| Grade: |
PMG AU 50 |
| Cert #: |
2084377-002
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| Slot: |
1 Cordobas 1934 ND Revalidation P71 |
| Item: |
Nicaragua, Banco Nacional
1 Córdoba 1932 (ND 1934) - Printer: ABNC |
| Grade: |
PMG VF 35 |
| Cert #: |
1744144-040
|
Owner Comments
With these re-validated notes from 1934 Luis Flores mentions in his book that the loss of an unknown quantity of paper notes had forced the government to recall the circulating currency to be counted and re-validated with the word REVALIDADO in red ink across the face of each note. I had also read somewhere of a theft of some of these notes but I can't find any further information to back this up, maybe this was just the same information that was lost in translation from Spanish to English (perdida = loss could have been translated to theft).
The executive decree # 2 from the 3rd of January 1934 says that a large amount of time has past since the emission and circulation of the banknotes from the Banco Nacional de Nicaragua, Inc currently circulating. And during this time an unknown quantity of notes have been lost or destroyed and it is necessary to know exactly how many notes were lost to organise replacements and to know precisely how many are still circulating.
For me I take it that the Bank had poor record keeping or possibly had lost the records as to how many notes had been destroyed for being unfit for circulation. Only a few months later they did the same thing with circulating 50 Centavos coins, that were to be surrendered and exchanged. They were then released for circulation the following year in 1935.
The population that held banknotes had from the 10th of February to the 31st of May 1934 in order to exchange their existing banknotes for the new re-validated ones. And from the 10th of June existing banknotes could no longer circulate. There were also provisions that allowed banknotes to be exchanged after this period.
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| Slot: |
10 Centavos 1935-38 Issue P79 |
| Item: |
Nicaragua, Banco Nacional
10 Centavos 1938 |
| Grade: |
PMG VF 30 |
| Cert #: |
2107732-046
|
Owner Comments
1938 was a busy year for fractional currency in Nicaragua. This note which was an all new design produced by Hamilton Bank Note Co, and the other issue for the year P87 which was similar to the previous 1912 issue (P52). These notes featured the previous Finance Minister's signature from Don Jose Benito Ramirez.
I believe there was a total of 1,00,000 of these notes produced and authorised for circulation in several decrees.
The first executive decree was number 70 on the 10th of May 1938 for 150,000 notes from 000001 through to 150000.
Then I don't know why exactly there is a discrepancy for executive decree 76 for a further 216,000 from 144001 through to 360000. Then on the 21st of July through executive decree 79 a further 108000 notes issued from 378001 through to 486000.
Then a further 3 releases through executive decree 82 on the 9th of August 1938 as follows:
168000 notes from 486001 to 654000
168000 notes from 654001 to 822000
178000 notes from 822001 to 1000000
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| Slot: |
25 Centavos 1935-38 Issue P80 |
| Item: |
Nicaragua, Banco Nacional
25 Centavos 1938 |
| Grade: |
PMG AU 55 EPQ |
| Cert #: |
8065183-003
|
Owner Comments
1938 was a busy year for fractional currency in Nicaragua. This was the second of 3 different 25 Centavos issued for the year. The first was the 2nd printing of the undated 1937, this note which was an all new design produced by Hamilton Bank Note Co, and finally P88 which was similar to the previous 1912 issue (P53). These notes featured the previous Finance Minister's signature from Don Jose Benito Ramirez.
I believe there was a total of 400,000 of these notes produced and authorised for circulation in three separate decrees. The first issuance of 60,000 notes from serial number 000001 through to 060000 was through Executive Decree # 72 on the 26th of May 1938. Then a further 155,000 from serial numbers 060001 through to 215000 through executive decree # 78 on the 18th of July 1938. And finally a further 185,000 notes were authorised from serial numbers 215001 to 400000 through executive decree # 79 on the 22nd of July 1938.
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