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1 Peso
| Issuer | Banco de la Provincia de Santiago del Estero |
|---|---|
| Year | 1888 |
| Type | Log in to see details |
| Value | 1 Peso |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is printed entirely in red-brown on plain paper. A large central vignette executed in intaglio shows two putti engaged in artistic pursuits — one seated with a palette before a canvas on an easel, the other observing — set within an elaborate guilloche and foliate border frame. Numeral '1' appears in each of the four corners, with 'UNO' in cartouches at lower left and lower right, and a block of legal warning text occupying the lower margin in small letterpress type. |
| Reverse lettering | UNO 1 LOS QUE FALSIFIQUEN BILLETES DE LOS AUTORIZADOS POR ESTA LEY Y LOS QUE CIRCULEN BILLETES FALSOS Á SABIENDAS SUFRIRÁN SUJECIÓN Á LAS PENAS ESTABLECIDAS EN EL TITULO 10 DE LA LEY DE 14 DE SEPTIEMBRE DE 1889 ESTE BILLETE ES UN BANCO EMITIDO CON ARREGLO Á LA LEY, ES TAMBIEN CURSO LEGAL EN TODA LA REPUBLICA Y PLENA OBLIGACION PARA TODO PRODUCTOS IGUAL QUE SE USO Y TIENE LA MISMA EQUIVALENCIA IGUAL A LA PAR Y ES RECIBIDO EN PAGO DE TODO IMPUESTO NACIONAL O PROVINCIAL |
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| Comments |
The Banco de la Provincia de Santiago del Estero was one of several Argentine provincial banks chartered during the land-credit boom of the 1880s, a period when Buenos Aires's monetary looseness encouraged interior provinces to issue their own paper backed by questionable assets. Santiago del Estero's bank was among the more peripheral of these institutions — the province was economically thin, heavily reliant on timber and subsistence agriculture, with a cash economy shallow enough that provincial notes often circulated at steep discounts outside their home territory.
The American Bank Note Company contract dates to before the crisis of 1890, when the Baring collapse and the ensuing Argentine financial panic forced closure or reorganization of most provincial banks. PS#1201 survivors are accordingly few.