Catalog
10 Pesos
| Issuer | Junta de la Administración de la Casa de Moneda, Buenos Ayres |
|---|---|
| Year | 1844 |
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| Value | 10 Pesos |
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| Obverse description | Typeset note enclosed within a rectangular guilloche border, with the central area bearing a pastoral vignette to the right of centre showing cattle and sheep in an open landscape. Two lateral oval frames at left each contain the numeral DIEZ, flanking the printed text body in which the Provincia de Buenos Ayres acknowledges the obligation to pay the bearer ten pesos moneda corriente on behalf of the Junta de Administración de la Casa de Moneda. A patriotic double legend — VIVA LA CONFEDERACION ARGENTINA! and MUERAN LOS SALVAGES UNITARIOS! — spans the upper portion, with a manuscript date of Marzo 1 de 1844 entered in the upper right. |
|---|---|
| Obverse lettering | DIEZ VIVA LA CONFEDERACION ARGENTINA! MUERAN LOS SALVAGES UNITARIOS! La Provincia de Buenos Ayres Reconoce este DIEZ PESOS MONEDA CORRIENTE Por la Junta de Administracion de la Casa de Moneda Marzo 1 de 1844 |
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| Comments |
The Casa de Moneda de Buenos Aires was not simply a mint that dabbled in paper — by the 1840s it had become the de facto central bank of the Argentine Confederation, issuing notes that circulated far beyond Buenos Aires province despite having no federal mandate to do so. The Junta de la Administración overseeing it operated under constant fiscal pressure from the Rosas government, which used note issuance as a primary tool for financing military and political operations. Inflation was chronic and the peso paper had been depreciating against hard coin for years before this note was struck.
Notes of this series are found today almost exclusively with heavy folds and handling wear — they circulated hard in a period of monetary instability that left few reasons to save them.