| Slot: |
20,000 Cordobas On 20 Cordobas 1997 ND Provisional Issue P147 |
| Item: |
Nicaragua, Banco Central
20,000 Córdobas on 20 Córdobas 1987 |
| Grade: |
PMG 65 EPQ |
| Cert #: |
2507146-052
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Owner Comments
These 20,000 Cordoba banknotes were overprinted during the hyper-inflationary period of the mid to late 1980s in Nicaragua. This particular banknote was an overprint of the Series F 20 Cordobas banknote from 1984 that never made it into circulation. This banknote (the 20 Cordobas Series F) is not listed in the Standard Catalog however there are specimens that do exist and I do have a specimen as part of my collection. A fellow collector from Nicaragua has a banknote from series F that doesn't have any overprints, however I believe this to be either a double error that didn't get overprinted or a banknote that was simply kept by a bank or printer employee before it had the opportunity to be overprinted. There are errors that do exist where either the obverse or reverse of the banknote may not have been overprinted, or possibly could have been inverted or a combination of the two. I have one of these error notes as part of my collection.
These overprints were part of a central bank resolution from the 6th of August 1987 authorising the overprinting of 15 million series F 20 cordobas banknotes with the new 20,000 Cordoba denomination. These notes were placed into circulation of the 14th of October 1987. I have banknotes in my collection from relatively low numbers from 1200 up to high numbers 14 million 900 thousands such as this example.
The design of this banknote is a continuation from the previous series E 1979 20 Cordobas banknotes featuring the portrait of Sandino on the obverse. And the popular Sandinista Milita marching on the reverse.
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| Slot: |
20 Cordobas 1985 (1988) Issue P152 |
| Item: |
Nicaragua, Banco Central
20 Córdobas 1985 (ND 1988) |
| Grade: |
PMG 66 EPQ |
| Cert #: |
2507770-036
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Owner Comments
These new issue notes were part of the then Sandinista covert Central Bank operation called Bertha (Operacion Berta), this was in part to help stem the problem of hyper inflation but was also a huge blow to those that held the old currency particularly those in business or had farms and dealt with large sums of cash. These notes are dated 1985 but weren't actually introduced into circulation until the president announced a decree demonetising the old Cordoba on a Sunday which happened to be Valentines Day 14th of February 1988. The general public only had 3 days in which to change over the old currency at official change tables set up throughout the country. The exchange rate was set at 1000 old cordobas for 1 new cordoba and there was a maximum of 10,000,000 old cordobas that could be exchanged per person or business entity. Those that held more than that amount were left with worthless pieces of paper that could be surrender to the central bank for nothing or could be kept as souvenirs, I recall reading a story that some business owners actually got together and had organised a bonfire to burn the old currency!
These notes that were issued have several different prefixes from FA, FB, FC, FD and the replacement notes were ZA. None of these prefixes were used for a 500,000 cordoba overprint note (p163) only unused prefixes FE, FF and ZB (replacement notes). I don't have any information on how many were produced but its quite possible there was up to 10,000,000 for each prefix (as I have seen serial numbers from 0-9) so quite possibly up to 40 million were produced and issued.
These banknotes feature designs from previous 20 Cordoba issues. The obverse features Commander German Pomares Ordoñez a revolutionary and considered a national hero. He was one of the founders of the Frente Sandinista (FSLN), he fought against the ruling Somoza government and was killed only months before the Sandinistas claimed victory. The reverse of the banknote features a demonstration on agrarian reform with a banner that translates to "We are not birds to live off the air, we are not fish to live off the sea, we are men to live off the land".
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| Slot: |
20 Cordobas 2006 Issue P197 |
| Item: |
Nicaragua, Banco Central
20 Córdobas 2006 |
| Grade: |
PMG 65 EPQ |
| Cert #: |
1821131-003
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| Slot: |
10 Cordobas 2007 Polymer Issue P201 |
| Item: |
Nicaragua, Banco Central
10 Córdobas 2007 (ND 2012) - Polymer |
| Grade: |
PMG 67 EPQ |
| Cert #: |
8022737-065
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Owner Comments
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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| Slot: |
20 Cordobas 2007 Polymer Issue P202 |
| Item: |
Nicaragua, Banco Central
20 Córdobas 2007 (ND 2012) - Polymer |
| Grade: |
PMG 67 EPQ |
| Cert #: |
8041504-009
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| Slot: |
500 Cordobas 2007 Polymer Issue P206 |
| Item: |
Nicaragua, Banco Central
500 Córdobas 2007 - Wmk: A.C. Sandino |
| Grade: |
PMG 67 EPQ |
| Cert #: |
1963018-011
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Owner Comments
These newly designed 500 Cordobas were released initially on the 13th of January 2010 (P206a) which featured a thin security strip and a matte bank logo on the top right hand corner. The updated design the P206b (this note) had a wider security thread and a holographic bank logo was released on the 22nd of May 2012. Both of these notes featured the prefix A/1.
This is is the regular issue and there is also a replacement note which was only seen as the updated design (P206b) with the prefix Z/1.
The obverse of the note features Sandinos modest childhood home. Which was previously featured on the 1000 Cordobas notes from 1979-1985.
The revolutionary leader Augusto César Sandino, the rebellious guerrilla leader that fought against the United States involvement and military presence in Nicaragua. He was later executed at the hands of the national guard under orders of General Anastasio Somoza who would later become president and dictator of Nicaragua.
The reverse of the banknote features Indigenous Statues or Totem poles.
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