Catalog
10 Pesos
| Issuer | Banco de Buenos Ayres |
|---|---|
| Year | 1827-1828 |
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| Shape | Rectangular |
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| Obverse description | The obverse presents a central vignette of an eagle with spread wings perched over a riverside landscape with a sailing vessel in the background, flanked on either side by large circular guilloche medallions bearing the numeral '10' and the vertical inscription 'DIEZ PESOS'. A portrait vignette of a classical male figure appears at upper right, with a second portrait at lower right. The issuer's name 'EL BANCO DE BUENOS AYRES' is set in bold letterpress across the upper portion, above the promise-to-pay text in Spanish script reading 'Promete pagar al portador y a la Vista la cantidad de DIEZ PESOS en Moneda Metalica'. |
|---|---|
| Obverse lettering | EL BANCO DE BUENOS AYRES Promete pagar al portador y a la Vista la cantidad de DIEZ PESOS en Moneda Metalica Buenos Ayres Por los Directores y Accionistas DIEZ PESOS |
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| Comments |
The Banco de Buenos Ayres was established in 1822 as Argentina's first formal bank of issue, but its independence was short-lived — the institution was absorbed by the provincial government of Buenos Aires in 1836, effectively ending private note issue in the region for decades. Notes from the 1827–1828 period fall squarely into the bank's most turbulent years, when the ongoing war with Brazil over what would become Uruguay was placing extreme strain on convertibility. Specie payments were suspended in 1826 and never meaningfully restored before the bank's transformation into the Banco de la Provincia.
Survival rates for cotton-paper issues from this period are very low, with most examples showing heavy folding from active circulation in a market that had few alternatives to paper.