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1 Peso
| Issuer | Banco Hipotecario de la Provincia de Buenos Aires |
|---|---|
| Year | 1891 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Reference(s) | P#S615 |
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|---|---|
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| Reverse description | The reverse is printed in brown on a pale guilloche underprint, with large numeral '1' vignettes at the left and right margins within ornate frames. The central field is occupied entirely by a multi-article legal text in Spanish headed 'Ley de 14 de Julio de 1891', set in small letterpress type across several numbered clauses. The printer's imprint 'TALLERES DEL MUSEO DE LA PLATA' appears at the bottom centre. |
| Reverse lettering | Ley de 14 de Julio de 1891 Art. 4° TALLERES DEL MUSEO DE LA PLATA |
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| Comments |
The Banco Hipotecario de la Provincia de Buenos Aires was a mortgage institution, not a commercial bank — its notes were backed by real estate collateral rather than specie or treasury reserves, a financing model that became deeply strained during Argentina's Baring Crisis of 1890–91. This note appeared at almost exactly the moment that crisis peaked, when international credit to Argentina had collapsed and provincial banks were scrambling to maintain liquidity through any paper instrument they could legally issue.
Printing at the Museo de La Plata's workshops is an unusual choice — the museum had been inaugurated only in 1888, and its in-house print facility was better known for scientific publications than fiduciary paper.