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1 Peso
| Issuer | Banco Provincial de Santa Fé |
|---|---|
| Year | 1882 |
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| Printer | American Bank Note Company |
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| Obverse description | Black on light tan underprint. A central vignette portrays a gaucho on horseback herding cattle across open pampas, rendered in fine intaglio engraving. To the left, an ornate oval guilloche cartouche, and to the right, a portrait vignette of a young woman; the bank title EL BANCO PROVINCIAL DE SANTA FE arches across the top in bold letterpress, with the date ENERO 1° DE 1882 and place of issue ROSARIO appearing below. |
|---|---|
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| Reverse lettering | EL BANCO PROVINCIAL DE SANTA FE PROVINCIAL 1 |
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| Comments |
The Banco Provincial de Santa Fé was one of several Argentine provincial banks granted note-issuing authority during the 1880s boom years, when the national government's laissez-faire banking policy allowed provinces to flood the market with paper. The American Bank Note Company held a near-monopoly on quality intaglio printing for South American issuers during this period, and the Santa Fé contract was one of dozens running simultaneously through their New York shops.
Provincial bank failures came fast after the Baring Crisis of 1890 destabilized Argentine credit. The Banco Provincial de Santa Fé did not survive the decade intact, which curtailed the note's circulation life considerably.