1 peso 1970
“12.10.70”
About This Note
This is an exceptionally well-preserved uncirculated example of the Colombian 1 peso oro banknote from 1970 (Pick P-404e), dated October 12, 1970. The note exemplifies the ornate engraving style characteristic of mid-20th century Colombian currency, featuring a striking symmetrical design with dual portrait medallions flanking a central heraldic eagle, complemented by an allegorical winged female figure on the reverse. In pristine UNC condition with no signs of circulation, this note retains the full crispness of its original printing.
Common. The 1 peso denomination from the 1970 series was produced in substantial quantities by the Banco de la República for general circulation and remains readily available in the numismatic market. While UNC examples in pristine condition are more desirable than circulated specimens, this specific Pick number has no documented characteristics (short print run, recall, design error) that would elevate it beyond common status.
Issued by the Banco de la República during a period of relative monetary stability in Colombia, this 1970 peso represents the country's currency during a transitional economic phase. The design elements—including the heraldic eagle, classical allegorical figures, and dual male portraits—reflect Colombian national symbolism and institutional pride in the central banking system. The specific date of October 12 may reference a significant date in Colombian history or banking calendar.
The front features a sophisticated symmetrical composition with two male portraits in profile medallions—the left portrait depicting a military or government figure in formal dress, the right showing a dignitary in civilian formal attire with bow tie. Between them stands a heraldic spread-winged eagle with an ornamental sunburst headdress, positioned above a laurel wreath containing the numeral 1, symbolizing national authority and monetary value. The reverse showcases a classical allegorical female figure representing Colombia or Liberty, rendered with wings in a Greco-Roman style, positioned against a mountainous landscape. A circular seal at the top center contains a female portrait identified with the Colombian state. The entire design is framed by ornate geometric and floral border patterns in the characteristic Colombian style.
Front side: 'EL BANCO DE LA REPÚBLICA' (The Bank of the Republic), 'PAGARÁ AL PORTADOR' (Will pay to bearer), 'UN PESO ORO' (One peso gold), 'SANTA COLOMBA' (Saint Colombia), 'OCTUBRE 12 DE 1970' (October 12 of 1970), 'GERENTE' (Manager), 'SECRETARIO' (Secretary), Serial numbers: 3781419 and 2781419. Back side: 'BANCO DE LA REPÚBLICA' (Bank of the Republic), '1 PESO ORO' (1 peso gold), 'REPUBLICA COLOMBIANA' (Colombian Republic).
Intaglio engraving (recess printing), executed with fine line guilloche patterns and microprint-style detailed engraving throughout. The complex geometric patterns, elaborate border work, and high definition of all portrait and symbolic elements are consistent with professional security engraving practices. This note was produced by the Banco de la República's printing division or contracted security printer, utilizing traditional anti-counterfeiting engraving techniques standard for Colombian currency of this period.
This specimen is dated October 12, 1970 with serial numbers 3781419 and 2781419 (dual numbering visible). The note corresponds to Pick P-404e, which represents a specific printing or issue variety of the 1970 Colombian 1 peso. Collectors should note the 'PAGARÁ AL PORTADOR' (bearer clause) inscription and the 'ORO' (gold) designation on the denomination, which may distinguish it from other related varieties. The dual signatures for 'GERENTE' and 'SECRETARIO' positions are standard for this issue.
