Honduras 1863 - 5 Pesos Treasury Bond Vale de Hacienda República Libre, Soberano e Independiente (Pick 7)
The obligation text specifies that under the decree of 2 March 1863 the revenue administrations of the state would accept the certificate as effective payment in ordinary fiscal transactions for the amount of five pesos loaned to the government. In practice, such vales circulated locally as temporary substitutes for coin while simultaneously representing short-term government debt. Read more →