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1 Peso
| Issuer | Banco Provincial de Tucumán |
|---|---|
| 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 | The obverse is printed in black on white paper with a light underprint. At left, an oval intaglio portrait vignette of a uniformed military figure is set within a decorative frame, with the text 'UN PESO' below. The central legend reads 'EL BANCO PROVINCIAL DE TUCUMAN' above the promise-to-pay clause 'pagará á la vista y al portador UN PESO en moneda Nacional', with 'BUENOS AIRES' and a handwritten date. At upper right, a vignette of putti with fruit and foliage appears alongside the Argentine national arms, with the denomination numeral '1' in each upper corner and series and serial number printed at top. |
|---|---|
| Obverse lettering | REPUBLICA ARGENTINA UNO SERIE 007 EMISION GARANTIDA CON EL DEPOSITO DE FONDOS PUBLICOS NACIONALES SEGUN LEY DE 5 DE NOVIEMBRE DE 1887 EL BANCO PROVINCIAL DE TUCUMAN pagará á la vista y al portador UN PESO en moneda Nacional BUENOS AIRES PRESIDENTE DE LA OFICINA INSPECTORA UN PESO |
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| Comments |
The Banco Provincial de Tucumán was one of several Argentine provincial banks empowered to issue their own currency under the 1854 banking framework — an arrangement that persisted, chaotically, until the national government's forced consolidation in 1890–91 following the Baring Crisis. This note predates that collapse by just two years. Provincial paper from Tucumán circulated primarily within the sugar-producing northwest, a regional economy that had little overlap with the Buenos Aires financial world that ultimately imploded.
ABNC printed the series in New York. The plates were almost certainly engraved speculatively or on contract before the province had firm backing to support the issue.