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1 Peso

Issuer Provincia de Tucumán
Year 1920
Type Local banknote
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Reverse description The reverse is printed in green ink over a lighter green guilloche underprint within ornate border frames with rosette corner pieces. A central vignette at the top presents a view of a provincial government building set within an arched frame, below which the denomination 'PESO' appears in large bold letters flanked by numeral '1' medallions, with a further panel reading 'UN PESO' at foot. The body of the reverse carries the full text of the provincial law of 12 July 1919 authorising the bond issue, printed in small letterpress type, with a red overprint stamp across the centre.
Reverse lettering PROVINCIA DE TUCUMAN
PESO
UN PESO
Ley 12 de Julio de 1919
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Comments

Tucumán's provincial note issues of the early 1920s emerged from a chronic shortage of small-denomination federal currency in the interior provinces — Buenos Aires simply could not get coin and low-value notes into circulation fast enough to meet local commercial demand. Several Argentine provinces stepped in with their own emergency fiduciary paper, Tucumán among them, though the legal standing of these emissions was perpetually contested by the national treasury.

PS prefix in the Pick catalog signals this is classified as a regional or provisional issue rather than a central authority note — collectors should be aware that surviving examples vary considerably in condition due to heavy local use in small transactions.

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