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1 Peso

Issuer Tesorería General de la República Argentina
Year 1860
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Shape Rectangular
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Obverse lettering REPUBLICA ARGENTINA
UN PESO
Ley de 1.° de Octubre de 1860
POR UN PESO
La Tesorería General
El Ministro de Hacienda
Por El Contador General
EMISION DEL 15 DE OCTUBRE 1861
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Reverse lettering PAGADO
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Comments

The Tesorería General de la República Argentina occupied an awkward institutional position in the 1850s and 1860s — it was a federal treasury office, not a bank, and its authority to issue circulating notes was constitutionally contested almost from the start. This 1 Peso emerged during a period when the Argentine Confederation and the Province of Buenos Aires were effectively running parallel monetary systems, with Buenos Aires refusing to join the Confederation until 1859 and only reluctantly integrating thereafter.

PS#225 is among the scarcer Tesorería issues; surviving examples tend to show heavy circulation, which reflects both the genuine transactional demand these notes met in the interior provinces and the poor-quality paper stock used throughout the series.

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