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1 Peso
| Issuer | Provincia de Santiago del Estero |
|---|---|
| Year | 1891 |
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| Shape | Rectangular |
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| Obverse description | Green-tinted note with the heading TITULO DE CREDITO DE LA PROVINCIA / Santiago del Estero in ornate script across the upper portion, flanked by large decorative numeral "1" vignettes at each corner. At left center, an oval medallion bears the provincial seal. The central text states the Province of Santiago del Estero will receive this title in payment of fiscal, municipal, and public land taxes in accordance with the Law of 1st April 1891, dated Santiago del Estero, 18 July 1891. The denomination UNO PESO appears in a prominent panel with the serial number, and two manuscript signatures appear at the base. |
|---|---|
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| Reverse description | Printed in blue-green on a dense guilloche underprint, the reverse is divided into three vertical panels: two flanking oval cartouches each containing an ornate script monogram "A", and a central column of small-print legal text referencing the Law of 1st April 1891 and the conditions of acceptance of these titles. The inscriptions PROVINCIA DE at the top and SANTIAGO DEL ESTERO at the bottom are set within ruled borders over the guilloche background. |
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| Comments |
Santiago del Estero's 1891 provincial emission belongs to the chaotic aftermath of Argentina's Baring Crisis, when the Banco de la Nación Argentina had not yet been established to consolidate currency issuance. Provincial governments, many already financially overstretched, scrambled to issue their own paper to cover immediate obligations. Santiago del Estero — one of the poorest and most sparsely populated interior provinces — was in no position to back its notes with meaningful reserves.
The PS prefix in the Pick reference signals provincial Argentine issues catalogued separately from national emissions, a series riddled with redemption failures. Whether these notes ever achieved genuine circulation beyond local government payments is doubtful.