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1 Peso
| Issuer | Banco Nacional |
|---|---|
| Year | 1888 |
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| Reference(s) | P#S1091 |
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|---|---|
| Obverse lettering | REPUBLICA ARGENTINA SERIE 001 Emisión garantida con el depósito de fondos públicos nacionales, según Ley de 3 de Noviembre de 1887. EL BANCO NACIONAL pagará á la vista y al portador UN PESO en moneda nacional BUENOS AIRES, 1º de Enero de 1888. BRADBURY, WILKINSON Y CIA, GRABADORES LONDRES Overprinted: RENOVACIÓN 1894 (Translation: Republic Argentina Series 001 Emission guaranteed with the deposit of national public funds, according to the Law of November 3, 1887. The National Bank will pay at sight and to the bearer One Peso in national currency Buenos Aires, January 1, 1888. Bradbury, Wilkinson and Co, London Engravers Overprinted: Renewal 1894) |
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| Variants | P#S1091a - without overprint P#S1091b - overprint: Ley 08.01.1894 P#S1091c - overprint: Ley 20.09.1897 |
| Comments |
Banco Nacional was Argentina's government-sponsored national bank, established in 1872 and restructured in 1876 — a perpetually undercapitalized institution that leaned heavily on note issuance to paper over its liquidity problems. By 1888 it was operating in the frenzied final years before Argentina's catastrophic 1890 financial collapse, the Baring Crisis, which would force the bank's liquidation and the eventual creation of Banco de la Nación Argentina in 1891.
Bradbury Wilkinson handled much of South America's prestige printing in this period. Notes from this issue that survived the bank's dissolution were rarely redeemed at face value.