1 Peso Plata Boliviana

Crédito Territorial de Santa Fé was one of several provincial mortgage credit institutions that emerged in Argentina during the 1860s under legislation designed to stimulate agricultural land development. These entities were authorized to issue notes backed by real estate collateral rather than gold or metallic reserves — a financing model borrowed loosely from European hypothecary banking. The denomination in Peso Plata Boliviana is telling: in the interior provinces of Argentina at this date, Bolivian silver coinage still functioned as a de facto standard for large transactions, and pegging paper emissions to it was a practical necessity rather than a political choice.

PS#1959 is among the earliest documented emissions from this issuer. Surviving examples are rare.