

This is a pristine 1974 specimen note from Banco de Guatemala for 50 quetzales, printed by Thomas de la Rue with exceptional detail and craftsmanship. The note features Guatemala's national bird, the quetzal, prominently displayed in the upper center, along with a portrait of Carlos O. Zachrisson (Minister of Treasury) on the obverse, while the reverse depicts a coffee harvest scene—reflecting Guatemala's economic reliance on this crucial export crop. As a specimen note in uncirculated condition with clear MUESTRA overprinting, this represents an important commemorative issue from a pivotal period of Guatemalan monetary reform.
Common. While this is a specimen note (a variant typically produced in smaller quantities than circulation issues), the eBay market data shows PMG 66 and PMG 64 examples selling in the $305 range in 2021 and 2023—modest prices consistent with collector interest in 1970s-era Latin American specimens but not indicative of scarcity. The 1974-1983 date range on banknote.ws suggests a sustained production run, and specimen notes from this period and printer are regularly encountered in the collector market. No evidence of printing irregularities, recall, or restricted distribution that would elevate rarity.
Issued in 1974 during a period of monetary and banking modernization in Guatemala, this note commemorates the fiscal leadership of Carlos O. Zachrisson, who served as Minister of Treasury and architect of the nation's monetary and banking reforms in the 1920s (1923-1926). The reverse's coffee harvest imagery underscores the central role of coffee production in Guatemala's economy and national identity during the late 20th century, while the Mayan design elements acknowledge the country's indigenous cultural heritage and pre-Columbian history.
The obverse prominently features the Resplendent Quetzal (Pharomachrus mocinno), Guatemala's national bird and currency namesake, depicted in flight in the upper center—a symbol of freedom and Guatemala's natural heritage. At right is a formal portrait of Licenciado Carlos O. Zachrisson, the Minister of Treasury credited with implementing Guatemala's monetary and banking reforms. Decorative Mayan-inspired motifs appear on the left side, including a stylized ceremonial staff with ornamental top, while Mayan glyph and calendar-style circular design elements border the right edge, reflecting Guatemala's pre-Columbian heritage. The reverse depicts 'CORTE DE CAFE' (coffee harvest), showing workers harvesting coffee beans beneath large trees with mountains visible in the background—an explicit reference to Guatemala's primary export commodity and economic foundation. Both sides feature the Mayan ornamental designs and glyph borders, creating a unified aesthetic celebrating Guatemala's cultural and economic identity. The note is predominantly rendered in red, pink, purple, and light tan/beige, with fine line work and engraving characteristic of security printing.
FRONT SIDE: 'BANCO DE GUATEMALA' (Bank of Guatemala); 'GUATEMALA, CENTRO AMERICA' (Guatemala, Central America); '50' and 'CINCUENTA QUETZALES' (Fifty Quetzales); 'MUESTRA' (Specimen); 'Nº 000129' (Number 000129); 'LICENCIADO CARLOS O ZACHRISSON' (Licensed Carlos O. Zachrisson); 'MINISTRO DE HACIENDA Y GESTOR DE LA REFORMA MONETARIA Y BANCARIA' (Minister of Treasury and Manager of Monetary and Banking Reform); '1923-1926'; 'PRESIDENTE' (President); 'GERENTE' (Manager); 'JEFE DE LA CONTROLORIA DE CUENTAS' (Chief of Accounts Control); 'ESTA DE LA RUE & COMPANY, LIMITED' (De La Rue & Company, Limited printer). REVERSE SIDE: 'BANCO DE GUATEMALA' (Bank of Guatemala); '50' and 'CINCUENTA QUETZALES' (Fifty Quetzales); 'MUESTRA' (Specimen); 'CORTE DE CAFE' (Coffee Harvest).
Intaglio engraving by Thomas de la Rue (TDLR), London, the world's premier security printer of the period. The note displays characteristic fine-line engraving with intricate detail work, especially evident in the quetzal bird rendering, facial portraiture, coffee harvest landscape, and Mayan design elements. The multicolored underprint and crisp registration visible in the specimen demonstrate the advanced offset lithography combined with intaglio techniques typical of De La Rue's production standards in the 1970s.
This note is catalogued as Pick P-63s (the 's' designation indicating specimen status). The visual analysis confirms this is the 1974 issuance variant, identifiable by the specific portrait of Carlos O. Zachrisson and the MUESTRA overprint in red diagonal text. Serial number 000129 places this among the lower-numbered specimens from the first printings. PMG population data indicates P-63b as a known variant for this Pick number, suggesting multiple sub-varieties exist; this specimen's specific characteristics (1974 date, design details, and overprint style) would require comparison with other documented variants to determine if it represents an additional recorded variety or falls within documented P-63s specifications.