Nicaragua Complete Set # 5
10 Cordobas 2007 Polymer Issue P201

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
10 Córdobas 2007 (ND 2012) - Polymer
Grade: 67 EPQ
Country: NIC
Note Number: NIC201a
Signatures/
Vignettes:		 - Embossed 10 in Window
Certification #: 8022737-065  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 5  Score: 41
Date Added: 11/15/2020
Research: See PMG's Census Report for this Note

Owner's Description

The 2007 10 Cordobas banknote together with the 20 Cordobas banknotes were Nicaragua's first emissions in polymer, these undated notes were actually released to the public on the 14th of May 2009. The 10 Cordoba note in the new series replaces the now ageing 2002 Serie A paper banknotes as well as a very short lived 10 Cordobas coin that only lasted 6-12 months before it was withdrawn from circulation.

There are 5 known variations:
The first released notes which feature the serial number prefix A/1 and have the number 10 embossed in the transparent window, these are identified as the Pick 201a I don't have the exact figures but I have seen examples in the 24 millions range (I am guessing there was between 25-30 million). The Central Bank initially put C$44.6 million Cordobas into circulation accounting for 4,460,000 banknotes of 10 cordobas.

The replacement notes for this same release which have the serial number prefix A/R and the same embossed 10 in the transparent window and are pick 201r1. The third variety which is this one featured here is the second release with the same serial number prefix A/1 these would be continued on from the first emission from 25-30 million and onward. I have seen examples in the 30 millions all the way through to 99 million + the later seen in circulation in early to mid 2019. These notes are identical except that the 10 is now in white letters in the transparent window, these are identified as Pick 201b. The replacement notes have the same prefix as the first emission A/R and the difference now being the same number 10 is in white print in the transparent window these are identified as Pick 201r2.

A fifth variety was discovered by a fellow Nicaragua collector in some change he received at the supermarket in May 2019. This time the notes were the same as the second emission however the prefix was now A/2. This was an interesting discovery as these notes although they were still in circulation another whole series had replaced these notes several years prior. I believe the central bank had a large stockpile of these notes that hadn't circulated and had decided to put them into circulation in 2018/19.

The colour green is the continuation of the previous 10 Cordoba banknotes dating back to 1990. The obverse of the banknotes feature the Fortress of the Immaculate Conception (Castillo Inmaculada Concepcion). This fortress is a World Heritage listed site that was originally constructed in 1675 along the banks of the San Juan River in El Castillo in Southern Nicaragua. The purpose of this fort was to protect the city of Granada from Pirate attacks. A scene depicting the Fortress is also present on the reverse of the 50 Cordobas banknotes from series A & B from 2002 & 2006.

The reverse features Hacienda San Jacinto a farm located in the municipality of Tipitapa about 30 mins away from the capital of Managua. This farm was home to the battle of San Jacinto which took place on the 14th of September 1856. This scene was first depicted on the Series C 10 Cordobas banknote from 1972. Later it was featured on both the series A & B 2002 & 2006 500 Cordobas banknotes. The same Hacienda was also featured on the short lived emergency issue notes of 1989-90 on the 50,000 Cordobas and 10 million Cordobas with a slightly different design.

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