Catalog
1 Peso
| Issuer | Banco de Buenos Ayres |
|---|---|
| Year | 1827-1829 |
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| Shape | Rectangular |
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| Obverse description | Printed in black on white cotton paper by letterpress, the obverse carries the bold inscription 'EL BANCO de BUENOS AYRES' across the centre, beneath which the promissory text in Spanish sets out the redemption terms. Four small oval portrait medallions are arranged in the left and right margins — a uniformed military bust at upper left and a profile portrait at upper right, with additional oval vignettes below each — flanking a central allegorical vignette of two figures beside the numeral '1' against a landscape background. The denomination 'UN PESO' appears at upper right. |
|---|---|
| Obverse lettering | EL BANCO de BUENOS AYRES Permite pagar al portador y á la Vista Diez y siete pesos ó una en oro Oro sellado por diez y siete de estos Billetes Por los Directores y Accionistas UN PESO |
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| Comments |
The Banco de Buenos Ayres was established in 1822 as a joint stock institution — one of the earliest commercial banks in the Río de la Plata region — and was already under severe strain by the time this note circulated. The Brazilian blockade of Buenos Aires during the Cisplatine War (1825–1828) devastated trade revenues and forced repeated suspension of specie payments, meaning these notes floated on credit that grew increasingly threadbare.
The bank collapsed definitively in 1836, and surviving notes from this late 1820s window are scarce partly because so many were presented for redemption during the successive financial crises that followed independence.