Difference between revisions of "Banknotes of the Banco Central de Guatemala"
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| − | As part of the currency reform of 1926, in which the peso was abandoned in favor of the quetzal, the private banks were deprived of the right of issue of banknotes. The Banco Central de Guatemala was established as the sole bank of issue. The bank, however, was still partly privately held. The old notes were redeemable at the rate of 1 quetzal = 60 pesos. | + | As part of the currency reform of 1926, in which the peso was abandoned in favor of the quetzal, the private banks were deprived of the right of issue of banknotes. The Banco Central de Guatemala was established as the sole bank of issue. The bank, however, was still partly privately held. The old notes were redeemable at the rate of 1 quetzal = 60 pesos. The quetzal was pegged to the dollar until 1987. |
== series of 1927 == | == series of 1927 == | ||
Revision as of 11:33, 9 August 2022
As part of the currency reform of 1926, in which the peso was abandoned in favor of the quetzal, the private banks were deprived of the right of issue of banknotes. The Banco Central de Guatemala was established as the sole bank of issue. The bank, however, was still partly privately held. The old notes were redeemable at the rate of 1 quetzal = 60 pesos. The quetzal was pegged to the dollar until 1987.
series of 1927
This specimen was lot 536 in Ponterio sale 149 (Chicago, April 2009), where it sold for $1265. The catalog description noted, "GUATEMALA. 1 Quetzal, 29.4.1927. P-6. FINE." The one quetzal note replaced the silver one quetzal minted in 1925 and rejected by the populace.
series of 1942
This specimen was lot 537 in Ponterio sale 149 (Chicago, April 2009).
This specimen was lot 2124 in Stack's Bowers NYINC sale (New York, January 2015), where it sold for $___. The catalog description noted, "GUATEMALA. Banco Central de Guatemala. 1 Quetzal, 19.9.1942. P-14a. A condition rarity that is the finest we have seen or handled for the catalog number. A magnificent W&S design that shows with a vignette of a farm in the foreground of mountains with Quetzal birds at left and right. Lovely centering and deeply embossed overprints help confirm the lofty Gem grade. Currently tied for the finest certified by PMG with three equals. PMG Gem Uncirculated 66 EPQ."
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