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1 Centavo Fuerte
| Issuer | Banco de San Juan - Sucursal (Branch) Tucumán |
|---|---|
| Year | 1876 |
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| Shape | Rectangular |
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| Obverse description | The obverse is laid out in a classical 19th-century Argentine provincial style, with the bank title EL BANCO DE SAN JUAN running across the top within a decorated border of repeated numeral 1 cornerpieces. A central oval vignette contains a nautical scene with a steamship at sea, framed by guilloche ornaments and flanked by large numeral 1 medallions on either side. The lower portion bears the denomination UN CENTAVO FUERTE in bold letterpress, with the place name TUCUMAN and the date 3 de Enero de 1876, along with the overprint MUESTRA diagonally across the face. |
|---|---|
| Obverse lettering | EL BANCO DE SAN JUAN SERIE D pagará al portador y á la vista UN CENTAVO FUERTE en moneda de ley TUCUMAN 3 de Enero de 1876 MUESTRA |
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| Comments |
The provincial banks of Argentina's interior operated in a legal grey zone throughout the 1870s. Banco de San Juan was one of several institutions issuing fractional notes — centavos fuertes — that filled a chronic shortage of small-denomination specie, particularly silver coin, which routinely drained out of circulation through hoarding and cross-border trade. A 1-centavo note is about as low as paper money gets anywhere in the world, which tells you something about how severe that shortage was in Tucumán.
The PS prefix in the Pick reference places this firmly in the speculative/private bank category, and survival rates for these fractional provincials are poor — the notes were treated as disposable tokens rather than stored currency.