Heritage published the following article in their latest Currency News email entitled Showcase Spotlight: The Andes Collection of Colombian Banknotes World Paper Money Showcase Auction by Morgan Yount.
-Garrett
Our November 23 auction of The Andes Collection of Colombian Banknotes offers a radiant array of pieces sure to captivate collectors. While the appeal of paper currency often lies in its vibrant colors and intricate designs, such as seen on the striking Colombia Banco de la Republica 1 Peso Oro 6.8.1938 Pick 385a Commemorative PMG Choice Uncirculated 63, the notes' attractiveness only scratches the surface of what makes these artifacts appealing to collectors. Arguably, one of the most compelling aspects of currency is its ability to capture the story of the moment in time in which it was created. Few examples illustrate this better than the 1900 República de Colombia 1, 5, and 10 Pesos. At first glance, these notes, rendered in stark black-and-white lithography, stand in sharp contrast to the more ornate pieces in the collection. However, their minimalist design is not a flaw, but rather a telling reflection of the political and economic turmoil gripping Colombia at the turn of the century.
Between the years 1889 and 1902, Colombia underwent a civil war between the Conservative and Liberal Parties. A variety of factors contributed to the rise of violence during this period. The international market for coffee declined, resulting in significant losses for coffee farmers. A flood of unbacked currency was thrown into circulation, depreciating the peso. This economic tension worsened the pre-existing political animosity, precipitating civil war. On October 18th, 1899, the War of a Thousand Days officially began, and for the following three years, sieges, guerilla warfare, disease, and famine surged throughout the country, resulting in the death of between 70,000 and 120,000 people. The Colombian society was in shambles, leading to the mélange of government, local, and emergency notes circulating during that time.
The 1, 5, and 10 Peso notes offered in this auction were printed under Liberal General Rafael Uribe at Ocaña, using whatever limited materials were available. Despite their simple appearance, these notes are steeped in symbolism. Their vignettes of Lady Justice, La Laja Bridge, and the steamship Peralonso carry deep meaning for the Liberal cause. During the first major campaign of the Thousand Days War, the Battle of Peralonso, fought on December 15th, 1899, was a highlight and turning point for the troops. After a series of setbacks, the Liberal army secured a vital victory by holding La Laja Bridge and repelling Conservative forces, preventing them from crossing the Peralonso River. This triumph allowed the Liberals to resupply and regain a previously lost military base, boosting morale and momentum.
From battle-inspired vignettes to printing techniques shaped by crisis, every detail, whether elaborate or austere, honors an incredibly somber chapter in Colombia's past. The Andes Collection doesn't just showcase the aesthetic evolution of Colombian banknotes, it captures moments of triumph, turmoil, and transformation. We invite collectors and historians alike to explore these remarkable pieces in our November 23 The Andes Collection of Colombian Banknotes World Paper Money Showcase Auction, where beauty, rarity, and evocative symbolism converge.
Wayne Homren, Editor
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