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10 Centavos
| Issuer | Banco Nacional de la República Argentina |
|---|---|
| Year | 1884 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BUENOS AIRES, ENERO 1º DE 1884. REPÚBLICA ARGENTINA LA NACION PAGARÁ AL PORTADOR y á la vista por medio del BANCO NACIONAL DIEZ CENTAVOS LEY DE 4 DE OCTOBRE DE 1883. GRAL DOMINGO F. SARMIENTO DIEZ (Translation: Buenos Aires, January 1st., 1884. Republic of Argentina The Nation will pay to bearer at sight through the National Bank Ten Cents Law of October 4, 1883.) |
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| Reverse lettering | REPÚBLICA DIEZ 10 ARGENTINA (Translation: Republic of Argentina Ten) |
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| Comments |
The Banco Nacional de la República Argentina was a state-backed commercial bank established in 1872 — distinct from a true central bank — and its note-issuing authority in the early 1880s existed alongside a chaotic patchwork of provincial banks all printing their own paper. These fractional centavo denominations were a practical response to chronic small-coin shortages that had plagued Argentine commerce for decades.
The bank collapsed in 1891 during the Baring Crisis, one of the worst sovereign debt failures of the nineteenth century. Notes of this series were rendered worthless almost overnight.