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1 cordoba 1960

America › Central America › Nicaragua
P-99c1960Banco Nacional de NicaraguaUNC
1 cordoba 1960 from Nicaragua, P-99c (1960) — image 1
1 cordoba 1960 from Nicaragua, P-99c (1960) — image 2

Market Prices

15 sales
Catalogue (2016)
VG$1.5
VF$7.5
UNC$35
PMG 25$12.992023-12-02(1 bid)
EF$252023-10-16(1 bid)
PMG 65$1002022-08-06(13 bids)
PMG 64$20.52022-01-30(6 bids)
VF$12.52021-12-13(10 bids)
F$4.252021-04-27(4 bids)
VG$1.562020-07-25(3 bids)
VF$3.52019-09-14(8 bids)
F$2.552018-09-22(5 bids)
F$8.32018-06-27(11 bids)
VF$3.252018-01-03(5 bids)
F$7.512017-12-02(13 bids)
F$7.12016-01-13(10 bids)
VF$12.52015-09-14(11 bids)
VF$8.52014-09-09(9 bids)

About This Note

This is a 1960 Nicaraguan 1 Córdoba note issued by Banco Nacional de Nicaragua, printed by Thomas de la Rue in London. The note features an elegant neoclassical design with a central portrait of an indigenous girl on the obverse and the iconic National Bank building on the reverse, both set within ornate decorative frames with fine engraved detail. While the catalog lists this as UNC condition, the visual analysis reveals the front shows a handwritten mark and visible wear including creases, suggesting this specimen is actually circulated rather than truly uncirculated.

Rarity

Common. The eBay price history shows consistent market values ranging from $1.56 to $100 depending on grade, with most circulated examples selling for $3-$15 and catalog values at $35 for UNC in 2016. This represents a standard circulation-era note with reasonable production volumes. No evidence of limited issue, recall, or scarcity exists in the catalog data or numismatic literature. The PMG population report showing limited graded examples reflects the age and modest collector demand for this denomination rather than inherent rarity.

Historical Context

This 1960 series note was issued during the latter years of the Banco Nacional de Nicaragua's management of the currency, operating under the authority of the Decree-Law of October 26, 1940 and subsequent legislation. The choice to feature an indigenous girl on the obverse reflects Nicaragua's cultural identity and indigenous heritage during the mid-20th century, while the neoclassical National Bank building on the reverse symbolized the nation's financial stability and institutional authority during this period.

Design

The obverse features a central oval portrait of a young indigenous Nicaraguan girl wearing a feather headdress, rendered in fine engraved detail typical of high-security currency production. The portrait is surrounded by an ornate geometric and floral border frame with corner shield or coat of arms symbols. The reverse displays a neoclassical architectural vignette of the Banco Nacional de Nicaragua's main building in Managua, featuring a symmetrical façade with prominent columns, regularly spaced windows, and a flag or pole atop the structure. Both sides employ extensive decorative scrollwork, intricate line work, and cross-hatching throughout the design field, with the entire composition rendered in black and gray tones on cream/beige paper with blue accents. Red serial numbers appear on the obverse. The design exemplifies the classical security printing standards of mid-20th century Latin American currency.

Inscriptions

FRONT: 'Banco Nacional de Nicaragua, Departamento de Emisión, Managua' (National Bank of Nicaragua, Department of Issuance, Managua); 'Serie de 1960' (Series of 1960); 'Un Córdoba' (One Cordoba); 'Vale Por' (Worth); 'Este billete ha sido emitido de conformidad con el Decreto-Ley del 26 de Octubre de 1940' (This note has been issued in accordance with the Decree-Law of October 26, 1940); Serial number: 44118012. BACK: 'Banco Nacional de Nicaragua' (National Bank of Nicaragua); 'Departamento de Emisión' (Department of Issuance); 'Un Córdoba' (One Cordoba); 'Thomas De La Rue & Co Ltd.' (printer attribution); Denomination marking '1'.

Printing Technique

Intaglio engraving (line engraving), characteristic of Thomas de la Rue's premium security printing methods. The note exhibits fine line work, complex geometric patterns, cross-hatching, and intricate detail work that would have been produced through traditional engraved steel plate printing. The high quality of the decorative borders, portrait work, and architectural rendering confirms the use of professional security printing techniques with multiple passes and careful registration.

Varieties

Pick number P-99c represents the 1960 series printing of this 1 Córdoba denomination. This note is part of the 1953-1960 date range series produced by Thomas de la Rue. The specimen examined bears the notation 'Serie de 1960' and serial number 44118012 with red printing. Varieties within this Pick number may include different serial number prefixes and signature combinations, though the visual analysis does not reveal sufficient detail to identify the specific signatories. No overprints or special markings beyond the handwritten notation visible on this example's front are apparent.