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1 peso oro 1959

America › Caribbean › Dominican Republic
P-801959Banco Central de la Republica DominicanaEF
1 peso oro 1959 from Dominican Republic, P-80 (1959) — image 1
1 peso oro 1959 from Dominican Republic, P-80 (1959) — image 2

Market Prices

1 sale
Catalogue (2016)
VG$2
VF$8
UNC$35
F$14.282015-04-19(5 bids)

About This Note

This is an exceptional example of the 1959 Dominican Republic 1 Peso Oro (Pick-80) issued by the Banco Central de la República Dominicana and printed by Waterlow & Sons Limited. The note presents in EF condition with crisp, pristine surfaces showing the characteristic fine line engraving of this security printer's work. The front features a dignified portrait of Juan Pablo Duarte y Díez, the founding father of Dominican independence, while the reverse displays Liberty in profile and the national coat of arms, making this a historically significant piece of Dominican numismatic heritage.

Rarity

Common. This is a regular issue banknote from a major issuing authority with substantial print runs typical of circulating currency from 1959. The market evidence strongly supports this assessment: catalog values show this note at only $8 in VF condition and $35 in UNC (2016 pricing), and actual eBay sales data indicates notes in F condition selling for approximately $14. These modest valuations are consistent with common-grade banknotes that were produced in volume. The Pick-80 designation reflects an established, well-documented issue with no known scarcity factors.

Historical Context

Issued in 1959 during the final years of the Trujillo regime in the Dominican Republic, this note represents a transition period in the nation's monetary history. The prominence given to Juan Pablo Duarte y Díez and Liberty imagery reflects Dominican national identity and aspirations for independence, while the reference to 'Ciudad Trujillo' on the obverse marks the political realities of the era. This series was eventually superseded, making these notes important artifacts of mid-20th century Dominican financial and political history.

Design

The obverse presents a formal portrait of Juan Pablo Duarte y Díez, the principal founding father of Dominican independence, depicted in three-quarter view with distinctive facial hair and formal attire including a bow tie, enclosed within an ornate oval frame. The design employs classical Renaissance-style decorative elements with elaborate scrollwork and floral motifs in all four corners, characteristic of late 19th/early 20th century banknote aesthetics. The reverse features a left-facing profile portrait representing Liberty wearing a classical headdress or Phrygian cap within a circular frame, balanced symmetrically with the Dominican coat of arms on the right bearing the national shield and the national motto 'DIOS PATRIA LIBERTAD' (God, Homeland, Liberty). Both sides employ extensive ornamental foliage, laurel wreaths, and botanical design elements executed with precision engraving, reflecting the note's security printer's expertise.

Inscriptions

FRONT SIDE: 'BANCO CENTRAL de la REPUBLICA DOMINICANA' (Central Bank of the Dominican Republic) | 'UNO' / 'UN PESO ORO' (One Gold Peso) | 'ESTE BILLETE TIENE FUERZA LIBERATORIA PARA EL PAGO DE TODAS LAS OBLIGACIONES PÚBLICAS O PRIVADAS' (This note has legal tender force for the payment of all public or private obligations) | 'CIUDAD TRUJILLO DISTRITO NACIONAL REPUBLICA DOMINICANA' (Ciudad Trujillo National District Dominican Republic) | 'SECRETARIO DE ESTADO DE BANCA Y CRÉDITO' (Secretary of State for Banking and Credit) | 'DIRECTOR DEL BANCO CENTRAL' (Director of the Central Bank) | 'SECRETARIO DE ESTADO DE FINANZAS' (Secretary of State for Finances) | 'WATERLOW & SONS LIMITED' (printer attribution) | Serial number: C508759C. REVERSE SIDE: 'BANCO CENTRAL DE LA REPUBLICA DOMINICANA' (Central Bank of the Dominican Republic) | 'UNO' / 'UN PESO ORO' (One Gold Peso) | 'DIOS PATRIA LIBERTAD' (God, Homeland, Liberty - national motto) | 'REPUBLICA DOMINICANA' (Dominican Republic) | 'WATERLOW & SONS LIMITED' (printer attribution)

Printing Technique

Intaglio (line engraving) executed by Waterlow & Sons Limited, a renowned London-based security printer. The note exhibits the hallmark characteristics of fine line engraving: intricate border patterns, detailed oval and circular portrait frames, precise cross-hatching, and complex decorative flourishes throughout. The exceptional crispness and definition visible in the security features and portrait work confirm the high-quality engraving standards maintained by this printer during this period.

Varieties

Serial number C508759C indicates this note belongs to the standard series with serial prefix C. No specific overprints, color varieties, or signature varieties are apparent in this example. The note conforms to the standard design parameters of Pick-80 (1959 issue) as printed by Waterlow & Sons. The 'W&S' printer attribution visible on the note corresponds with the London security printer's standard contract with the Banco Central during this period.