Nicaragua Complete Set # 3
500 Cordobas Decreto 27.4.1972 P127

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
500 Córdobas 1972
Grade: 65 EPQ
Country: NIC
Note Number: NIC127
Signatures/
Vignettes:		 - Printer: TDLR
Certification #: 5001891-007  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 3  Score: 546
Date Added: 7/22/2017
Research: See PMG's Census Report for this Note

Owner's Description

Along with the rest of the series C issues for 1972 the 500 cordobas banknote featured a whole new layout and design from the earlier 1962 series A 500 Cordobas note. They did use the same colour black as with the previous issues, however this was then changed to blue for the subsequent 1979 series E release. It will also be the last time that a banknote is issued in Nicaragua in black.

These banknotes were of a fairly high face value for the time and roughly worth $71 USD with the exchange rate pegged at 7:1 during this period. There are both 5 digit and 6 digit serial number variations that exist, this being the later and given the serial number its more than likely a left over note from the vaults of the central bank. I also have a 5 digit serial number variety as part of my collection however it is heavily circulated and a much lower grade, as well as a specimen note that is in uncirculated condition.

These notes feature a black background with the effigy of legendary Nicaraguan poet Ruben Dario on the obverse who had now been featured on the 500 Cordobas notes since their inception in 1945, and the subsequent releases in 1953, 1954 & 1962. and a view of the Ruben Dario National Theatre on the reverse.

These banknotes of Quinientos (500) Córdobas were issued under two separate decrees.
The first the Executive Decree 73-MEIC approved on the 27th of April 1972 authorised the issuance of a new Series C banknotes. For the 500 Córdobas there was 50,000 banknotes authorised with a total face value of C$25,000,000

The serial numbers commence with 00001 until completion (50000).

There was a second Executive Decree 76-MEIC approved on the 13th of March 1974 that authorised a further issuance of another 600,000 Quinientos Córdobas banknotes with a total face value of C$300,000,000

These banknotes will continue from the original first issuance of serial numbers from 50001 - through to completion (650000). This new decree has created a variety of both five & six digit serial numbers. Given the high face value and the fact that a new issue was released about 5 years later a there was a portion of these banknotes that did not end up in circulation and the central bank still has these left over banknotes for sale.

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