Signature Set Detail: 7p BANCO NACIONAL DE CUBA ISSUED NOTES - QUINIENTOS 500 PESOS - 1950

Set Category:

World

Owner:

EMO COLLECTION 

Set Theme:

BANCO NACIONAL DE CUBA

Set Description:

During 1949 the US Treasury yielded to the pressures that private printing banknote companies were excersing upon them to discontinue Government supplied printing of Cuban notes and to allow the private segment to compete for this work. Their argument was Cuba no longer needed the US Government assistance, as it did back in 1934, and that when the time came to engrave new plates to issue new notes, the US BEP should not be involved in this endeavour. The Cuban Government thus requested offers from three private printing houses, each prepared and submitted Essays and/or Printer's Specimens of the UN PESO note; American Banknote Company (ABNC) and Security Banknote Company (SBNC) from the USA, and Thomas DeLa Rue (TDLR) from England.
The winner was ABNC, who probably had the "inside track" since they had been printing Cuban Silver Certificates since 1944 along with the US BEP. While ABNC continued printing notes for Cuba until 1960, TDLR was able to gain a foothold contract in 1956 and also continued printing notes for Cuba until 1960.

Signature Set Details:

Slot Name	Slot Comment	Certification #	Note Info	Country	Grade	Photo
1950...P83s	ABNC SPECIMEN stamped SPECIMEN S/N 00000	2501393-023	Cuba Banco Nacional De Cuba ""SPECIME 500 Pesos	Cuba	64 EPQ
950...P83	ISSUED NOTE A000172A Low Serial Number	8004684-002	Cuba Banco Nacional De Cuba 500 Pesos	Cuba	AU 55 EPQ
1950...P83	ISSUED NOTE A002822A	1401253-002	Cuba Banco Nacional De Cuba 500 Pesos	Cuba	67 EPQ

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