| Slot: |
50 Centavos 1911 Issue (dated 1910) P43 |
| Item: |
Nicaragua, Tesoro Nacional
50 Centavos 1910 - Printer: ABNC |
| Grade: |
PMG VF 25 |
| Cert #: |
8065183-001
|
Owner Comments
These notes for 1910 have two different signature varieties. The banknotes all feature Christopher Columbus on the obverse of the notes.
From what I could find these notes were originated through a contract from the Government with a wealthy businessman by the name of Alfredo Pellas (his descendants are still very prominent business owners running several successful businesses within Nicaragua including the famous Nicaraguan Rum Flor de Caña) on the 9th of January 1910. For the 50 Centavos notes there was to be 1.5 million printed with a face value of 750,000 pesos.
There was an executive decree #122 on the 27th of March 1911 under the new government authorising to print the same amount of notes but this time they were printed with the signature new President Juan Estrada. Based on the serial numbers they continued this series from 1500000 through to 3000000.
This particular note is of the B type with the second signature variety. In the other sets you will find the other signature variety.
Later some of these notes were overprinted in 1912 to have a new face value of 4 centavos (P50).
Christopher Columbus was of course the famous Italian explorer that mistakenly had discovered the Americas.
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| Slot: |
5 Pesos 1911 Issue (dated 1910) P45 |
| Item: |
Nicaragua, Tesoro Nacional
5 Pesos 1910 - Printer: ABNC |
| Grade: |
PMG VG 10 |
| Cert #: |
2089893-041
|
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| Slot: |
10 Centavos Ley de 20 de Marzo de 1912 P52 |
| Item: |
Nicaragua, Banco Nacional
10 Centavos 1912 (ND 1918) - Printer: ABNC |
| Grade: |
PMG VF 30 |
| Cert #: |
8065183-002
|
Owner Comments
These new Fractional 10 Centavo notes were printed by ABNC for the new National currency the Cordoba. They were dated 1912 but the first notes were actually printed in October 1914.
There was a total of 5.75 million notes produced from 1914 through to 1926, broken down over multiple (6) emissions with different signatures and Prefixes. The particular note the Prefix B was produced in October 1918 and there was 2 million notes for this prefix.
The design was used again in 1937 and 1938 before being phased out and replaced with coins.
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| Slot: |
1 Cordoba 1927-39 Issue P63 |
| Item: |
Nicaragua, Banco Nacional
1 Córdoba 1937-39 |
| Grade: |
PMG 64 |
| Cert #: |
1081776-195
|
Owner Comments
Just like the fractional banknotes the 1938 1 Cordoba had two different design releases in the same year.
These banknotes had the same design as those issued previously in 1932 and 1937. They were printed by ABNC (American Bank Note Company). They feature the effigy of woman (believed to be French) with an exposed breast on the obverse and the national coat of arms on the reverse.
I believe there to have been 600,000 1 Cordoba banknotes produced. Released via two decrees into circulation.
The first executive decree number 96 on the 14th of November 1938 authorised the release of 200,000 with serial numbers 000001 through to 200000.
The second executive decree number 105 on the 22nd of December 1938 authorised a further release of 400,000 banknotes from serial number 200001 through to 600000.
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| Slot: |
5 Cordobas 1927-39 Issue P65 |
| Item: |
Nicaragua, Banco Nacional
5 Córdobas 1938-39 |
| Grade: |
PMG VF 30 |
| Cert #: |
2170255-010
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| Slot: |
1 Cordobas 1934 ND Revalidation P71 |
| Item: |
Nicaragua, Banco Nacional
1 Córdoba 1932 (ND 1934) - Printer: ABNC |
| Grade: |
PMG F 15 |
| Cert #: |
8066450-002
|
Owner Comments
With these re-validated notes from 1934 Luis Flores mentions in his book that the loss of an unknown quantity of paper notes had forced the government to recall the circulating currency to be counted and re-validated with the word REVALIDADO in red ink across the face of each note. I had also read somewhere of a theft of some of these notes but I can't find any further information to back this up, maybe this was just the same information that was lost in translation from Spanish to English (perdida = loss could have been translated to theft).
The executive decree # 2 from the 3rd of January 1934 says that a large amount of time has past since the emission and circulation of the banknotes from the Banco Nacional de Nicaragua, Inc currently circulating. And during this time an unknown quantity of notes have been lost or destroyed and it is necessary to know exactly how many notes were lost to organise replacements and to know precisely how many are still circulating.
For me I take it that the Bank had poor record keeping or possibly had lost the records as to how many notes had been destroyed for being unfit for circulation. Only a few months later they did the same thing with circulating 50 Centavos coins, that were to be surrendered and exchanged. They were then released for circulation the following year in 1935.
The population that held banknotes had from the 10th of February to the 31st of May 1934 in order to exchange their existing banknotes for the new re-validated ones. And from the 10th of June existing banknotes could no longer circulate. There were also provisions that allowed banknotes to be exchanged after this period.
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| Slot: |
1 Cordoba 1935-38 Issue P82 |
| Item: |
Nicaragua, Banco Nacional
1 Córdoba 1935-38 DO NOT USE - USE VARIETIES |
| Grade: |
PMG VG 10 |
| Cert #: |
8065633-011
|
Owner Comments
There was two issues for this 1 cordoba note. The first dated 1935 such as this example and the second was dated 1938.
I don't have any details to how many notes were issued for the 1935 issue, however I believe that there was 360,000 notes issued for 1938. With 2 or more decrees, the later executive decree 76 on the 6th of July 1938 mentions issuing 200,000 notes from 160001 through to 360000.
This was part of a wider set of notes issued by HBNC rather than ABNC where the majority of the other notes were printed.
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| Slot: |
10 Centavos 1938 Issue P87 |
| Item: |
Nicaragua, Banco Nacional
10 Centavos 1938 |
| Grade: |
PMG 64 |
| Cert #: |
8062036-007
|
Owner Comments
The 10 Centavo banknote from the serie de 1938 was very short lived in circulation. It continues with the same design from the previously issued 1912 10 Centavos banknotes Pick 52.
They were printed by ABNC (American Bank Note Company)
There was also another earlier 10 centavo Serie de 1938 issue which featured a slightly different design it was banknote Pick 79 which was printed by HBNC (Hamilton Bank Note Company) also issued in 1938.
I believe these fractional notes weren't lasting very long in circulation as there was multiple releases within only 2 years and the decrees mentioned they were replacing incinerated banknotes that were in poor condition. Finally the fractional centavo notes of 10, 25 & 50 Centavos were to be withdrawn from circulation via decree Number 4 on the 25th of April 1939. These notes were to be replaced with the newly minted coins of the same year.
I believe there to have been 2,000,000 10 centavos banknotes produced. Released via three or more decrees into circulation.
The first executive decree number 96 on the 14th of November 1938 authorised the release of 400,000 with serial numbers 000001 through to 400000.
The second executive decree number 105 on the 22nd of December 1938 authorised a further release of 800,000 banknotes from serial number 400001 through to 1200000.
And An estimated 800,000 more were released through a subsequent decree(s).
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| Slot: |
1 Cordoba 1941-45 Issue P90 |
| Item: |
Nicaragua, Banco Nacional
1 Córdoba 1942-45 |
| Grade: |
PMG 64 |
| Cert #: |
8065183-005
|
Owner Comments
These banknotes from 1941 - 1945 used the same design as the previous 1939 issued notes changing the effigy to feature Lillian Somoza the daughter of the then dictator president Anastasio Somoza. She featured on the 1 Cordoba notes from 1941 - 1960. The reverse shows the National Coat of Arms as per the previous issues.
This particular 1945 issue there was 5 million banknotes issued. They were put into circulation through a couple of separate executive decrees. The first was # 54 on the 10th of December 1946 for serial numbers 000001 - 500000. There is a decree I couldn't locate which would have placed 500001 - 1000000 into circulation. And the decree # 7 on the 29th of July 1948 that placed a further 3.35 million 1 cordoba notes into circulation (1000001 - 4350000) and a further 650,000 (4350001 - 5000000) to be held in the bank vaults.
These have created 6 and 7 digit serial number variations for this year of issue.
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| Slot: |
2 Cordoba 1941-45 Issue P92 |
| Item: |
Nicaragua, Banco Nacional
2 Córdobas 1945 |
| Grade: |
PMG XF 45 |
| Cert #: |
8055425-011
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Owner Comments
The 2 Cordobas banknotes were only used and printed 5 times from the first Cordobas issues in 1912, then again in 1939, 1941 this issue in 1945 and they were not used during the 1950s and 1960s issues and was issued for the last time in 1972.
There was a total of 2.5 million 2 Cordobas banknotes printed for the 1945 Series that were released through several decrees, there is also two different serial number (6 & 7 digit) varieties. Initially there was only 200,000 authorised to be placed into circulation through executive decree #3 on the 10th of December 1946. The design was a continuation from the previous 1941 issue (P92a). Featuring a sugar refinery on the obverse in a light green colour and the national coat of arms in a red colour on the reverse. The refinery is more than likely Ingenio San Antonio located in Chichigalpa, it has been owned and operated by the Pellas family for over a century and it is where the famous Nicaraguan rum Flor de Caña is distilled and produced.
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| Slot: |
5 Cordobas 1953-54 Issue P100 |
| Item: |
Nicaragua, Banco Nacional
5 Córdobas 1954-58 |
| Grade: |
PMG AU 53 |
| Cert #: |
8067116-009
|
Owner Comments
This note is the second (P 100b) of three varieties of the 5 Cordoba Notes issued from 1953-60. The first is just for 1953, the second covers 1954, 1957 (this note) & 1958. And lastly (P 100c) is for the years 1959 & 1960.
This emission was authorised through executive decree # 29 on the 12th of March 1957. With an emission of 1.5 million 5 Cordoba banknotes with serial numbers 0000001 - 1500000. There was a total of 8 million 5 Cordoba banknotes issued from 1953-60.
The obverse of the banknote feature an effigy of Cacique Nicarao. Believed to be the chief of the tribe Nicarao, the indigenous population that inhabited the land on the South Western coast of modern day Nicaragua and North Western Coast of Costa Rica, that had made contact with Spanish explorers from Panama in the 1520s. The reverse of the note features an indigenous totem pole and the national coat of arms.
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| Slot: |
10 Cordobas 1953-54 Issue P101 |
| Item: |
Nicaragua, Banco Nacional
10 Córdobas 1953-58 - Printer: TDLR |
| Grade: |
PMG VF 30 EPQ |
| Cert #: |
8065183-008
|
Owner Comments
This note is the first (P101a) of two varieties for this issue from 1953-60. With emissions in 1953, 1954, 1957 & 1958 (this banknote). The Second (P101b) was issued in 1959 & 1960.
This emission was authorised through executive decree # 32 on the 26th of June 1958. With an emission of 1 million 10 Cordoba banknotes with serial numbers 0000001 - 1000000. There was a total of 7.5 million 10 Cordoba banknotes issued from 1953-60.
The front of the banknotes feature Miguel Larreynaga who was a Nicaraguan lawyer and writer but more well known for his part in Central America gaining independence from Spain. He travelled together with a group to Spain to ask the Spanish Monarchy for independence in 1818. And he was present at the drafting and signing of the Central American Independence Act celebrated in Guatemala City on the 15th of September 1821. The rear of the note depicts a scene from this reading the act of independence. Miguel would feature on subsequent 10 Cordoba banknotes until 1968. Before being replaced by Andres Castro. And returned to the 10 Cordoba banknote from 1990 - 2002.
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| Slot: |
20 Cordobas 1953-54 Issue P102 |
| Item: |
Nicaragua, Banco Nacional
20 Córdobas 1959-60 |
| Grade: |
PMG VF 25 |
| Cert #: |
8066943-001
|
Owner Comments
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 20 Cordobas note there was an order of 1.5 million notes, divided between each year. So there was 750,000 notes issued with serial numbers starting from 0000001 and onwards for each of the series.
The obverse of the banknotes feature Rafaela Herrera a Nicaraguan heroine that helped defend the fortress of the Immaculate Conception during the battle for the Rio San Juan in 1762.
The reverse of the banknote shows a map of the country with the proposed inter-oceanic canal route. This was mooted originally for Nicaragua but Panama became the favoured option.
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| Slot: |
1 Cordoba 1953-54 Issue P107 |
| Item: |
Nicaragua, Banco Central
1 Córdoba 1962 |
| Grade: |
PMG 66 EPQ |
| Cert #: |
2079836-002
|
Owner Comments
These new issue 1962 Series A banknotes were produced for the newly incorporated Banco Central de Nicaragua (Nicaraguan Central Bank). They were authorised on the 26th of April 1962 through Executive Decree # 71. The initial amount was for 6 million 1 Cordoba banknotes to be issued. This was then expanded through an executive decree # 68 on the 4th of April 1963 to include a total of 36 million 1 Cordoba banknotes. From Serial number 00000001 through to 36000000.
There is a variation known to exist with the lettering of Serie A that appears to have used a different font or different font size.
The obverse of this 1 Cordoba note shows the newly built Central Bank headquarters in downtown Managua. The design will be carried forward to the series B 1968 banknotes also.
The rear of the note shows Francisco Hernandez de Cordoba, the Nicaraguan currency's namesake. He was a Spanish explorer and the founder of the cities of Leon and Granada in Nicaragua.
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| Slot: |
50 Cordobas Decreto 26.4.1962 P111 |
| Item: |
Nicaragua, Banco Central
50 Córdobas 1962 |
| Grade: |
PMG VF 25 |
| Cert #: |
8066943-007
|
Owner Comments
These new issue 1962 Series A banknotes were produced for the newly incorporated Banco Central de Nicaragua (Nicaraguan Central Bank). They were authorised on the 26th of April 1962 through Executive Decree # 71. The initial amount was for 800,000 50 Cordobas banknotes to be issued. This was then expanded through an executive decree # 68 on the 4th of April 1963 to include a total of 1.8 million 50 Cordobas banknotes. From Serial number 000001 through to 1800000.
This has caused both 6 and 7 digit serial number variations those below 1 million with 6 digits and from 1000000 through to 1170000 with 8 digits.
The obverse of the notes feature 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.
The rear of the note shows Francisco Hernandez de Cordoba, the Nicaraguan currency's namesake. He was a Spanish explorer and the founder of the cities of Leon and Granada in Nicaragua.
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