Nicaragua Complete Set # 2
100 Cordobas 1990; 1991-92 ND Issues P178

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Note Details

Set Details

Note Description: Nicaragua, Banco Central
100 Córdobas 1990
Grade: 64
Country: NIC
Note Number: NIC178
Signatures/
Vignettes:
- Printer: TDLR
Certification #: 8056530-066  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 2  Score: 282
Nicaragua- Thomas de la Rue Set  Score: 282
Date Added: 8/28/2019
Research: See PMG's Census Report for this Note

Owner's Description

These new 1990 100 Cordoba Oro banknotes were produced by De La Rue Co and feature on the obverse the effigy of the legendary Nicaraguan poet Ruben Dario. It is the first time Ruben Dario has featured on a 100 Cordoba banknote, having previously featured on multiple issues from 1945 through to 1985 on the 500 Cordobas banknotes. He will feature on further releases of the 100 Cordoba banknotes through to 2006, and also features on the 1000 Cordoba Commemorative issue in 2016. Also is the scene of cotton fields which is the same design that was used on the reverse of the 1972 2 cordobas banknotes. The reverse features the Nicaraguan Coat of Arms.

The design of these 100 Cordoba banknotes remain mainly unchanged for the subsequent Series B (1992), Series C (1997) & Series D (1999) issues. With only small differences notably with the series B issue they only used two signatures dropping the signature from the First Vice President of Central Bank and it was the only note in the series B that kept the wording Cordobo Oro in the border, the word Oro (Gold) was dropped for the series C issue keeping inline with the other denominations. The series C had a changing of wording for the quote from Ruben Dario from: "Si la patria es pequeño uno grande lo sueña" to: "Si pequeña es la patria uno grande lo sueña". The first version is the more well known version and both versions literally translates to if the homeland is small than one dreams it to be larger. And finally for the series D they included a horizontal security thread.

For the issue of 1990 there were three different printers used and there was not a very uniform design across the banknotes. De La Rue produced the 1, 10 & 100 cordobas denominations.

There are two different signature varieties for this banknote and a third variation is the 7 & 8 digit serial numbers for the second signature variety. Even though this is the first emission (low serial number) banknote I do have all three versions as part of my collection as well as a specimen that is shown in the first set. I don't have exact numbers issued however in the Flores book it states that the initial Central Bank resolution on the 23rd of May 1990 approved the quantity of 1 million 100 Cordoba banknotes. I believe this initial order was quickly followed up with a further 2 or 2.5 million banknotes, then there was a change in the central bank management and from issues that have serial numbers of approximately 3500000 onward feature the signature from the newly appointed president of the central bank. Which changed from Francisco Mayorga (April 1990 - October 1990) to Raul Lacayo Solorzano (October 1990 to January 1992). These banknotes still feature 7 digits, however a further release I believe was later required and they produced banknotes with a new 8 digit serial numbers. I have seen these from banknotes over 6 million and onward. The total exact number of banknotes produced is unknown I estimate there to have been at least 12 million printed. I have a banknote of over 11 million in my collection.

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