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5 colones 1974

America › Central America › El Salvador
P-1171974Banco Central de Reserva de El SalvadorUNC
5 colones 1974 from El Salvador, P-117 (1974) — image 1
5 colones 1974 from El Salvador, P-117 (1974) — image 2

4.11.74

About This Note

This is a circulated 5 colones banknote from El Salvador issued by the Banco Central de Reserva, featuring the historically significant vignette of José Matías Delgado addressing the people, accompanied by other national leaders. The note exhibits typical circulation wear with visible creases, folds, and age-related foxing, though the fine engraving details remain legible. The dual-date nature (October 24, 1972 on front, November 4, 1974 on back) reflects a reissue or printing designation typical of Central American currency from this era.

Rarity

Common. The 5 colones denomination from this period was part of El Salvador's standard circulation currency, and the 1974 reissue represents a substantial printing run by the Banco Central de Reserva. No evidence of limited mintage, recall, or short-lived status. The note's circulated condition and moderate wear further support its common status, as extensive circulation indicates large numbers remain extant. This series is readily available to collectors.

Historical Context

This 1974 issue commemorates El Salvador's national heritage through the depiction of José Matías Delgado, a key figure in the nation's independence movement, shown addressing the populace in a dramatic historical scene. The reverse features Christopher Columbus, connecting El Salvador to broader New World colonial history. The Banco Central de Reserva's 1974 reissue reflects the institution's role in managing El Salvador's monetary policy during a period of significant political and economic transition in Central America.

Design

The obverse features a dramatic historical vignette depicting José Matías Delgado, the prominent Central American independence advocate and religious leader, gesturing dynamically while addressing a gathered crowd before a colonial-era building with a church tower. The composition emphasizes his leadership role during El Salvador's formative period, with multiple period-dressed figures surrounding him in a carefully composed scene. The reverse displays a formal portrait of Christopher Columbus in profile facing left within an oval decorative frame, rendered in the classical numismatic style. The left side of the reverse features the national coat of arms of El Salvador within a circular seal. Both sides employ ornate geometric borders and security patterns in multiple colors (black, white, blue, green, and mauve tints), with the denomination '5' repeated in all four corners.

Inscriptions

FRONT SIDE: 'EL BANCO CENTRAL DE RESERVA DE EL SALVADOR' (The Central Reserve Bank of El Salvador); 'PAGARÁ EN EFECTIVO AL PORTADOR' (Will pay in cash to bearer); 'SAN SALVADOR, 24 DE OCTUBRE DE 1972' (San Salvador, October 24, 1972); 'SERIE VE' (Series VE); 'CINCO COLONES' (Five Colones); 'DELGADO, ACOMPAÑADO DE OTROS PROCERES, ARENGANDO AL PUEBLO' (Delgado, accompanied by other leaders, addressing the people); 'DIRECTOR' (Director); 'PRESIDENTE' (President); 'GERENTE' (Manager); Serial number 3317931. BACK SIDE: 'BANCO CENTRAL DE RESERVA DE EL SALVADOR' (Central Reserve Bank of El Salvador); 'CRISTÓBAL COLÓN' (Christopher Columbus); 'CINCO COLONES' (Five Colones); 'San Salvador, 4 de Noviembre de 1974' (San Salvador, November 4, 1974); 'THOMAS DE LA RUE & COMPANY LIMITED' (printer attribution); 'SUPERINTENDENCIA DE INSTITUCIONES FINANCIERAS' (Superintendency of Financial Institutions).

Printing Technique

Intaglio engraving (line engraving) executed by Thomas De La Rue & Company Limited, the renowned London-based security printer. The fine line work visible throughout the note, intricate geometric background patterns, multi-colored security tints, and the detailed rendering of the historical vignette and portrait are characteristic of high-security currency production. The decorative oval frame and concentric security circles surrounding the Columbus portrait demonstrate the sophisticated anti-counterfeiting techniques employed by this printer during the 1970s.

Varieties

Series VE with serial number 3317931. The note exhibits the dual-date characteristic of this issue: the original date of October 24, 1972 on the obverse and the reissue date of November 4, 1974 on the reverse, indicating a later printing or revalidation by the central bank. The handwritten notation visible on the reverse may represent a bank clerk mark or collector annotation, but the series designation VE is the primary variety identifier for this specific printing.