Nicaragua - The Land of Lakes and Volcanoes
50 Cordobas 1953-54 Issue P103

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Note Details

Set Details
Note Description: Nicaragua, Banco Nacional
50 Córdobas 1959-60
Grade: VF 20
Country: NIC
Note Number: NIC103b
Signatures/
Vignettes:		 - Printer: TDLR
Certification #: 8066943-002  
Owner: Love Collection
Sets Competing: Nicaragua - The Land of Lakes and Volcanoes  Score: 439
Nicaragua- Thomas de la Rue Set  Score: 439
Date Added: 11/29/2019
Research: See PMG's Census Report for this Note

Owner's Description

The banknotes from the series 1959/1960 were authorised through an executive decree # 16 on the 22nd of October 1959. The order was for a total of 39,050,000 banknotes in denominations of 1, 5, 10, 20, 50 & 100 Cordobas, with a total face value of C$250,000,000 by the English company Thomas de La Rue. The issue was divided into 2 emissions with the first emission being "Serie de 1959" and the 2nd emission authorised under executive decree # 14 on the 27th of September 1960 for the further 50% showing "Serie de 1960". These banknotes will keep the same design, shape and size for the banknotes authorised under executive decree #21 on the 19th of September 1953.
For the 50 Cordoba note there was an order of 300,000 notes, divided between each year. So there was 150,000 notes issued with serial numbers starting from 000001 and onwards for each of the series. Meaning that this banknote is extremely scarce to find in any condition based on the small quantity issued.

The obverse of the notes is interesting as it features 2 portraits the only other Nicaraguan notes that I know of that have done this is the 1912 Cordoba series. On the left hand side is the effigy of Maximo Jerez a Nicaraguan politician and military leader from the mid 19th century. He is featured on many 50 Cordoba banknotes through to 1978. And on the right hand side is Tomas Martinez he was promoted to become president of Nicaragua after the filibuster William Walker was run out of the country in 1857 until 1867. He would be later featured on the 1962/68 20 Cordobas banknotes.

The reverse is quite unique as it shows a waving Nicaraguan national flag, again the only note that I am aware of that features the national flag.

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