Nicaragua 1, 5 & 25 Centavos ND (1991) P-167, P-168, P-170 UNC Set

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📸 Please Note: We have many of these sets in stock. The exact serial numbers will vary from the photographs, but the described condition and overall quality remain exactly the same.

A colourful trio of tiny paper centavo notes from Nicaragua’s 1991 currency reform, when the new córdoba oro replaced money destroyed by hyperinflation. Each note features the conquistador Francisco Hernández de Córdoba, founder of Granada and León and namesake of the currency.

⚡ Extreme Index: 5.3 / 10
Why it’s extreme: Paper “cents” born from the 1991 córdoba oro reform that ended one of the 20th century’s worst hyperinflations.

• History & drama (30%): 6.5/10
• Scarcity (25%): 2.6/10 (Numista rarity index 8/100)
• Wow factor (20%): 6/10
• Age (15%): 4/10
• Condition (10%): 9/10

The Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.

📦 Included Banknote(s):

1. ND (1991) Nicaragua 1 Centavo de Córdoba (P-167)

2. ND (1991) Nicaragua 5 Centavos de Córdoba (P-168)

3. ND (1991) Nicaragua 25 Centavos de Córdoba (P-170)

📖 History and Significance:
By the end of the 1980s Nicaragua’s economy, battered by the Contra War, suffered hyperinflation running at more than 10,000% a year, and notes of up to 10 million córdobas were in use. In 1991 the government of Violeta Chamorro introduced the córdoba oro, pegged one-to-one with the US dollar and worth five million old córdobas. To give the new currency credibility the Banco Central de Nicaragua issued even its smallest values — 1, 5, 10 and 25 centavos — as paper notes, printed by Harrison & Sons in England. They are a rare example of “cent” denominations issued as banknotes in the late 20th century, and coins soon took over these values.

🎨 Design Details:
All three fronts show Francisco Hernández de Córdoba (c. 1475–1526) in a ruffled collar, with the value in a large central cartouche and the signatures of the bank’s officials; the 1 is purple, the 5 red and the 25 blue-grey. The backs show Nicaragua’s coat of arms — the triangle with five volcanoes, the Phrygian cap and rainbow — beside the Sacuanjoche (Plumeria), the national flower.

🔍 Numismatic Features:

• Size: approx. 120 x 53 mm

• Material: Paper

• Type: Standard Circulation Banknotes (set of 3)

• Currency: Nicaraguan Córdoba Oro (centavos)

• Country: Nicaragua

• Issuing Authority: Banco Central de Nicaragua

• Date: ND (1991)

• Printer: Harrison & Sons Ltd, High Wycombe, UK

✅ Condition Guide:
UNC (Uncirculated). An Uncirculated note is in the same crisp state as when it left the printer: no folds, creases or handling marks, sharp corners and full original colour and sheen. Because we hold multiple quantities in inventory, the exact serial numbers will vary from the photographs. This condition guide represents our overall quality standard rather than the specific photographed note.