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1 Peso

Issuer Banco de la Provincia de Buenos Aires
Year 1881
Type Local banknote
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Obverse description The obverse is printed in black on an orange-tinted paper. A large central vignette shows an allegorical scene with the coat of arms of Buenos Aires province, flanked on the left by a portrait bust of a military figure in uniform and on the right by a portrait of a civilian statesman in formal dress. The denomination '1 UN PESO 1' appears in a guilloche panel at the center bottom, with the legend 'MONEDA NACIONAL ORO SEGUN LEY DE 5 DE NOVIEMBRE DE 1881' below. The date 'Buenos Aires, Enero 1° de 1885' is printed in the upper right, with the serial number in the upper left and the imprint of the American Bank Note Co., New York at the foot of the note.
Obverse lettering EL BANCO DE LA PROVINCIA DE BUENOS AIRES
UN PESO
MONEDA NACIONAL ORO SEGUN LEY DE 5 DE NOVIEMBRE DE 1881
BUENOS AIRES, ENERO 1° DE 1885
INSPECTOR
PRESIDENTE
AMERICAN BANK NOTE CO. NEW YORK
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Comments

The Banco de la Provincia de Buenos Aires was not the national central bank — it was a provincial institution, and in 1881 that distinction carried real political weight. Argentina's national banking law of that year began consolidating monetary authority in Buenos Aires, and provincial banks found themselves increasingly squeezed. This note was issued right at that inflection point, before the province lost its note-issuing independence entirely in the crises that followed through the late 1880s.

ABNC's engraving work for Argentine provincial banks during this period is consistently fine, produced from steel-engraved plates at their Manhattan facilities. The PS# prefix in the Pick catalogue denotes its classification as a South American provincial issue, separate from the national series.

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