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10 pesos 1919

America › South America › Colombia
P-S5761919Banco de la RepublicaF
10 pesos 1919 from Colombia, P-S576 (1919) — image 1
10 pesos 1919 from Colombia, P-S576 (1919) — image 2

Market Prices

UNC$65$4$450(4)
AU$2(1)
VG$7(1)
CIRC$35(1)

About This Note

This is a 1919 Colombian 10 pesos mortgage bond (Cédula Hipotecaria) issued by Banco de la República, printed by the American Bank Note Company. The note exhibits Fair condition with extensive punch-hole cancellation marks scattered across both sides, indicating it was formally canceled after use. The ornate engraved design features a mountainous landscape vignette on the reverse and detailed geometric patterns throughout, with distinctive corner ornaments bearing the denomination.

Rarity

Common. The eBay market data shows these notes trading across a wide price range ($1.99 to $477.88), with multiple circulated and uncirculated examples available, indicating reasonable availability in the market. The Banco de la República issued this denomination and type in quantity, and PMG cataloging shows only one variant for this Pick number, suggesting a straightforward issue without significant scarcity factors. The Fair condition grade of this particular specimen places it at the lower end of collector value.

Historical Context

Issued on May 1, 1919, this mortgage bond reflects Colombia's financial instrumentation in the early 20th century, specifically representing secured debt instruments used to fund development and infrastructure. The note's design emphasizes its legal tender status ('Moneda Legal') and specifies a 4% annual interest rate payable through annual drawings, representing a formalized credit mechanism used by the Colombian government during the post-WWI economic period. The printed years (1920-1927) on the reverse indicate the note's validity period and redemption schedule.

Design

This mortgage bond features a classical engraved design characteristic of early 20th-century Colombian financial instruments. The front displays a formal layout with 'X'-shaped corner ornaments containing the denomination '10' in each corner, surrounding a centered text block describing the bond's terms and issuing authority signatures. The reverse showcases a picturesque central circular vignette depicting a mountainous Colombian landscape, flanked by ornate decorative elements with green and red wavy patterns that frame the central image. The note employs a color palette of blue-gray, green, red, and cream/beige tones. The intricate geometric background patterns and fine line work throughout exemplify the security features of the period, designed to prevent counterfeiting.

Inscriptions

FRONT SIDE: 'CÉDULA HIPOTECARIA' (Mortgage Bond) | 'ESTA CÉDULA ES EMITIDA POR SORTEJOS ANUALES EN EL PLAZO OFRECIDO AÑOS, PARA INTERÉS DE CUATRO POR CIENTO ANUAL PAGADERO A SU AMORTIZACIÓN' (This bond is issued by annual drawings within the offered period years, for interest of four percent annual payable toward its amortization) | 'BOGOTÁ, MAYO 1° DE 1919' (Bogotá, May 1st, 1919) | 'EL PRESIDENTE' (The President) | 'EL SECRETARIO' (The Secretary) | 'EL CAJERO' (The Cashier) | 'DIEZ PESOS' (Ten Pesos) | 'MONEDA LEGAL' (Legal Tender) | 'AMERICAN BANK NOTE COMPANY' (American Bank Note Company) | BACK SIDE: 'DIEZ PESOS' (Ten Pesos) | Serial number 'A13400' (appearing twice) | Years marked: '1920, 1921, 1922, 1923, 1924, 1925, 1926, 1927'

Printing Technique

Intaglio engraving (line engraving and copperplate printing), executed by the American Bank Note Company (ABNC), one of the world's premier security printers. The fine geometric patterns, detailed borders, and the crisp vignette rendering visible in the image confirm the sophisticated engraving techniques employed. The multiple colors (blue, green, red) suggest multiple plate passes, typical of quality intaglio production for government and financial instruments.

Varieties

Serial number A13400 observed on this specimen. The note represents the standard 1919 issue dated May 1, 1919 (Bogotá). The extensive punch-hole cancellation pattern indicates this note was formally retired from circulation through institutional defacement—a common practice for bonds and mortgage instruments once their terms were fulfilled or they were no longer needed. No variants are currently recorded for Pick number P-S576 beyond the single base cataloging.