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2 colones 1964

America › Central America › El Salvador
P-1011964Banco Central de Reserva de El SalvadorF
2 colones 1964 from El Salvador, P-101 (1964) — image 1
2 colones 1964 from El Salvador, P-101 (1964) — image 2

Market Prices

4 sales
Catalogue (2019)
VF$15
UNC$75
F$38.752025-08-12(20 bids)
F$66.852024-02-12(1 bid)
F$272020-11-22(23 bids)
F$20.52020-06-14(11 bids)

About This Note

This is a 2 Colones banknote from El Salvador issued on June 9, 1964 by the Banco Central de Reserva de El Salvador, printed by Thomas de La Rue of London. The note displays the characteristic agricultural theme of early Central American currency, featuring a coffee bush and field workers on the obverse, with a portrait of Christopher Columbus on the reverse in burgundy-red tones. In Fair (F) condition, this example shows significant wear with multiple creases, folds, and handwritten markings throughout, consistent with heavy circulation use typical of this denomination and era.

Rarity

Common. The eBay market data shows consistent sales activity with F-grade examples selling in the $20-67 range from 2020-2025, indicating steady collector interest and adequate supply. The catalog value for this grade (VF: $15, 2019 reference) and the regular circulation evidence on this specimen suggest a substantial original print run typical of a regular issue from a major central bank. This is not a commemorative, short-run, or recalled issue.

Historical Context

This 1964 issuance reflects El Salvador's economy during the early 1960s, a period focused on agricultural production and export. The prominent depiction of coffee cultivation and field workers on the obverse directly references El Salvador's primary export commodity and economic driver of the period. The inclusion of Christopher Columbus on the reverse honors the colonial heritage and European connections that shaped Central American commerce and development.

Design

The obverse features an agricultural landscape scene centered on a coffee bush at the left, with field workers depicted at left-center engaged in harvest or cultivation activities. The composition is framed by ornate decorative borders incorporating scrollwork and geometric patterns in all four corners, with a central rosette design featuring a radiating sunburst pattern. Dominant colors are brown, tan, and gray with black ink line work. The reverse presents a formal portrait of Christopher Columbus in 18th-century dress, centered within an ornate oval frame with elaborate scrollwork. The portrait is flanked by ornamental corner medallions displaying the numeral 2 in decorative frames. A circular institutional seal appears on the left side of the reverse. The back design palette shifts to red-burgundy and cream tones, creating visual distinction between obverse and reverse.

Inscriptions

FRONT: 'EL BANCO CENTRAL DE RESERVA DE EL SALVADOR' (The Central Reserve Bank of El Salvador) | 'PAGARÁ AL PORTADOR' (Will pay to bearer) | 'DOS COLONES' (Two colones) | 'SAN SALVADOR' (San Salvador) | '9 DE JUNIO DE 1964' (June 9, 1964) | 'SERIE NE' (Series NE) | Serial number: 4035133 | 'DIRECTOR' (Director). BACK: 'BANCO CENTRAL DE RESERVA DE EL SALVADOR' (Central Reserve Bank of El Salvador) | 'DOS COLONES' (Two colones) | 'Salvador, 21 de Diciembre de 1967' (Salvador, December 21, 1967) | 'SUPERINTENDENTE DE BANCOS Y OTRAS INSTITUCIONES FINANCIERAS' (Superintendent of Banks and Other Financial Institutions).

Printing Technique

Intaglio engraving, as evidenced by the fine line work, intricate border patterns, ornamental corner medallions, and the detailed portrait of Christopher Columbus. The security features—including the complex filigree designs, fine engraving throughout, and the precision of the decorative elements—are characteristic of Thomas de La Rue's high-quality security printing standards. The multicolored underprint visible in the visual analysis indicates chromatic separation typical of late 20th-century intaglio production.

Varieties

This note is cataloged as Pick P-101 with one documented variant (P-101a) in the PMG population report. The specimen shown carries Series NE designation with serial number 4035133. The date on the obverse is 9 DE JUNIO DE 1964, while the back carries a later date of 21 DE DICIEMBRE DE 1967 (December 21, 1967), which is characteristic of this issue and may indicate the printing/authorization date versus the regulatory approval date. No overprints or unusual markings beyond expected circulation wear and handwritten annotations are evident.