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Signature Set Detail: 7. BANCO NACIONAL DE CUBA 1905 - SPECIMEN - ISSUED & CANCELLED NOTES



Set Category:

Owner:

Set Theme:
BANCO NACIONAL DE CUBA - 1905

Set Description:
This exceedingly rare set of 1905 PESO NOTES was printed by the AMERICAN BANKNOTE CO. New York acting by orders received from Banco Nacional de Cuba. The Bank was a private entity at the time, and the recipient of a Fiduciary Contract from the Cuban Government to secure financing in the USA for Cuban Government Public works.

The sets are composed of three sub-types, 1. the SPECIMEN set, 2. the Issued Notes set, and 3. the Cancelled Notes set. By far, the rarest is the Issued Notes set, because these notes were NEVER authorized by the Cuban Government and thus NEVER placed into circulation. They were incinerated shortly after their Cancellation. The second rarest is the Cancelled set, followed by the SPECIMEN set. Just a few examples of the issued and cancelled notes survived, and while the Specimen notes are found more often, they ae also very rare.

The Cuban Government did not learn of this private issue until it was ready to be released by the Bank. At the request of the Cuban President the issue was never placed into circulation, however some notes did escape the incinerator.

SPECIMEN NOTES show in all values (except 10 Pesos) the word SPECIMEN stamped once in Red ink and ONE round cancelation punch over each signature = 2 Punches. The 10 Peso note shows the word SPECIMEN stamped twice in Red ink and TWO round cancelation punches over each signature = 4 Punches. These notes had been circulated among the stockholders of the Bank and a few selected individuals.

ISSUED NOTES were never placed into circulation but some are extant.

CANCELED NOTES show in all values (except 10 Pesos) the word CANCELED perforated THREE times from the Reverse while the 10 Pesos the perforation is placed from the Obverse. After being rendered unusable, they were burned. A few survived, possibly taken as "souvenirs by the workers tasked with the job of destroying them.

Another parallel issue was ordered with the same values, but in U.S. DOLLAR denomination instead of the PESO. This issue is known to us only as Printer's Proofs. We are unaware of any such note in SPECIMEN or ISSUED condition.

It was not until 1934 that Cuba issued its first Banknotes which were printed by the U.S. Bureau of Engraving & Printing (BEP) with the authorization of Congress.


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Signature Set Details:

Slot NameSlot CommentCertification #Note InfoCountryGradePhoto
1-10P..P65/68 NL ABNC Progress Proof Vignette of

MORRO FORTRESS Reverse.

Used for ALL values. Proof

SPECIAL C-945 and V-43866
8004957-011 $1 United StatesN/A
1P...P65 NL ABNC Progress Proof Vignette of

D. MENDEZ CAPOTE Obverse.

Proof SPECIAL C-283 and V-42742
8004957-012 $1 United StatesN/A
1-10P..P65/68 NL ABNC Progress Proof Vignette of

proposed Reverse never used for

BANCO NACIONAL DE CUBA

Proof SPECIAL C-1119 and V-43695
8005300-001 $1 United StatesN/A
1 P...P65s SPECIMEN 00000 8022473-002 1 Peso ND (1905) Cuba66 EPQ
1 P...P65 ISSUED NOTE

S/N 000062
8003480-002 Cuba Banco Nacional De Cuba
1 Peso - Printer: ABNC
Cuba65 EPQ
1 P...P NL perforated CANCELED

S/N 017002
8003646-001 Cuba Banco Nacional De Cuba
1 Peso
CubaAU 55
2 P...P66s SPECIMEN 00000 8003795-002 Cuba Banco Nacional De Cuba ""SPECIME
2 Pesos
Cuba64
2 P...P66 ISSUED NOTE

S/N 00008
8003480-005 Cuba Banco Nacional De Cuba
2 Pesos - Printer: ABNC
Cuba64
2 P...P NL perforated CANCELED

S/N 49505
8003480-006 Cuba Banco Nacional De Cuba
2 Pesos - Printer: ABNC
CubaAU 55
5 P...P67 NL ABNC Progress Proof Vignette of

GARCIA MONTES Obverse.

Proof SPECIAL C-285 and V-42727
1535426-001 $1 United StatesN/A
5 P...P67s SPECIMEN 00000 8003635-001 Cuba Banco Nacional De Cuba ""SPECIMEN""
5 Pesos
Cuba64
5 P...P67 ISSUED NOTE

S/N 79904
8003481-002 Cuba Banco Nacional De Cuba
5 Pesos - Printer: ABNC
Cuba65 EPQ
5 P...P NL perforated CANCELED

S/N 20005
8003481-003 Cuba Banco Nacional De Cuba
5 Pesos - Printer: ABNC
CubaAU 55
10 P...P68 NL ABNC Progress Proof Vignette of

T.ESTRADA PALMA never used.

Proof SPECIAL C-405 and V-42581
8006172-001 $1 United StatesN/A
10 P...P68 NL ABNC Progress Proof Vignette of

T.ESTRADA PALMA Obverse.

Proof SPECIAL C-284 and V-42747
8005730-003 $1 United StatesN/A
10 P...P68s SPECIMEN 00000 8003635-002 Cuba Banco Nacional De Cuba ""SPECIMEN""
10 Pesos
Cuba64
10 P...P NL perforated CANCELED

S/N 24006
8003646-002 Cuba Banco Nacional De Cuba
10 Pesos
CubaAU 55


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