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| 表面の説明 | Black intaglio printing on brown guilloche underprint. Portrait vignette of General Domingo Faustino Sarmiento at right, with the national coat of arms at left. Three signature varieties are known, with the order number printed in red. |
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| 裏面の説明 | Printed in brown throughout. A central arch vignette presents a gaucho on horseback in full gallop, arm raised, rendered in fine intaglio engraving. Denomination numerals '10' appear in ornate guilloche rosettes at left and right, with the legends 'REPUBLICA' above and 'ARGENTINA' below the central vignette, flanked by intricate geometric lathe-work borders. |
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The South American Bank Note Company was a Buenos Aires-based subsidiary operation rather than a globally prominent security printer, and its involvement here is itself a minor historical point — Argentina was actively developing domestic printing capacity in the 1890s rather than routing all low-denomination work to London or New York. This 10 centavos note falls within a brief transitional window for the Banco de la Nación Argentina, which had only been established by law in October 1891 to replace the failed Banco Nacional.
The new institution inherited a public scarred by the 1890 Baring Crisis and the hyperinflationary collapse of the convertibility regime. Small fractional notes like this one filled a practical gap left by the near-total disappearance of coin from everyday commerce during those years.