Catalog
1.000 Pesos
| Issuer | Banco de Buenos Ayres |
|---|---|
| Year | 1827-1829 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | EL BANCO de BUENOSAYRES Promese pagar al portador y a la Vista la Cantidad de Mil Pesos en Moneda Metálica Buenos Ayres Por los Directores y Accionistas Contador Presidente 1000 |
| Reverse description | The reverse of this note is not visible in the provided image; no description can be confirmed. |
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| Comments |
The Banco de Buenos Ayres was established in 1822 as Argentina's first formal bank of issue, initially backed by a land mortgage scheme rather than specie reserves. By the time notes in this range were dated, the bank was already under severe strain — the prolonged war with Brazil over what became Uruguay had drained public finances, and convertibility had been suspended in 1826, a suspension that would not meaningfully end for decades.
The PS prefix in the Pick catalog signals this as a private or semi-official issue rather than a government emission, though in practice the distinction was thin: the bank operated under provincial charter and its notes functioned as the primary circulating medium in Buenos Aires. Survival rate for issues of this period is low.