A pair of American Bank Note Company proofs: face S511p1 and back S511p2, both slabbed PMG 61 Uncirculated. Series Y, serial 00000.
Catalog facts
- Pick reference
- P# S511p1 / S511p2
- Serial number
- Y 00000
- Signatures
- Unsigned (printer’s proofs)
- Condition
- Face PMG 61 Uncirculated · Back PMG 61 Uncirculated
- Printage
- American Bank Note Company, New York. Printer’s mount dated February 1883; Series Y. Date printed on the face: Bogotá, 1 October 1881. No circulating printage is published.
Face
Back
The note
The Banco Hipotecario was established in Bogotá on 1 October 1881 — the same date printed on the face. EL TIEMPO places the founding there, with a ten-year term from the registration of the deeds. In June 1882 the State Executive approved the statutes and declared the bank in possession of the concessions that the laws of 14 January 1873 and 17 November 1875 granted to mortgage banks; the text was published in July 1882. The Standard Catalog of World Paper Money — Specialized Issues, through Numismondo’s index, numbers the series S511–S515: five to one hundred pesos of 1881. This record is the five-peso. The face, black on an ochre underprint, promises to pay the bearer on sight five pesos; at left, a seated agricultural allegory beside sheaves; at right, a ploughman with horses; above, an oval of field and homestead; below, a 5 in a medallion. The red serial is 00000; three cancellation punches cut the lower margin. The New York mount reads “February 1883” and, vertically, “Serie Y.” The spaces for the manager and the president of the board are blank. The sepia back is a guilloche frame with “EL BANCO” and “HIPOTECARIO” and the figures 5 at each flank. There are no signatures: these are plate proofs, not a note placed in circulation. It should not be confused with the Banco Hipotecario de la Mutualidad (S516 and later) or with the Pacífico bank. This record gathers the collection’s two PMG holders — face and back, separately slabbed.
Scarcity and printage
Numismondo records S511–S515 as the 1881 Banco Hipotecario series and flags the images as needed. The market for this Bogotá bank mostly sees New York plates: mounted, punch-cancelled proofs with zero serials. This record does not invent a circulating printage.
Population
The two pieces in this record are slabbed by PMG as 61 Uncirculated: the face S511p1 and the back S511p2. A population census for these holder numbers has not been independently verified.
Sources
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Numismondo — Colombia paper-money index, S511–S515
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Banco Hipotecario, 5 to 100 pesos, 1881; Specialized Issues P.S511–P.S515.
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EL TIEMPO — History of the Banco Hipotecario (2020)
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Founded in Bogotá on 1 October 1881; a ten-year term from the registration of the deeds.
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Cervantes Virtual — Banco hipotecario, July 1882
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Resolution of 19 June 1882: statutes approved and the concessions of the 1873 and 1875 laws.
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Banrepcultural Encyclopedia — Paper money in Colombia
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Free banking, Regeneración, Banco Nacional, the Kemmerer Mission, and the 1931 end of convertibility.
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Banrepcultural Encyclopedia — Financing independence
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Records the 1813 Cartagena 1-real signed by Gutiérrez de Piñeres.
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Banco de la República — History of the Bank
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Law 25 of 1923: 10 million gold pesos of capital and the monopoly of issue.
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Astrid Romero — La Regeneración and the Banco Nacional (1991)
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Established in 1881; final liquidation in 1896.
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Banrepcultural Encyclopedia — Money issue
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Forced tender, the Thousand Days’ War, and the 1909 Conversion Board (100 paper pesos = 1 gold peso).
- Bank Note Museum — Colombia (states, Republic, and Banco de la República) (opens in a new tab)