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1 Peso large size

Issuer Caja de Conversión, Argentina
Year 1900-1903
Type Standard circulation banknote
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Reverse description Printed in blue, the reverse centres on the Argentine national coat of arms flanked by laurel branch ornaments and framed within an elaborate guilloche underprint. Denomination and country name appear in bold letterpress above and below the central device.
Reverse lettering REPUBLICA ARGENTINA UN PESO
(Translation: Republic of Argentina One Peso)
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Comments

The Caja de Conversión was established in 1890 following Argentina's catastrophic Baring Crisis, which nearly bankrupted the country and forced a suspension of gold convertibility. These notes were issued under the 1899 Conversion Law that fixed the peso at 44 centavos gold — a deliberately undervalued rate intended to stabilize exports and rebuild reserves, not reflect the currency's actual purchasing power.

Mouchon was a French engraver and stamp designer best known for his work on the 1900 French "Mouchon" postal stamp series. His involvement here reflects the period practice of Argentine authorities commissioning European prestige printers for fiduciary paper.