Catalog
10 Pesos
| Issuer | El Gobierno Nacional, Confederación Argentina |
|---|---|
| Year | 1857 |
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| Value | 10 Pesos |
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| Obverse description | Plain typeset note issued under Decreto de 7 de Mayo de 1857, with the heading CONFEDERACION ARGENTINA across the top and the large bold legend EL GOBIERNO NACIONAL in the centre. The text body, in Spanish, promises payment to the bearer of ten pesos with one and a half percent monthly interest, redeemable as a one-third discount on customs duties at any national customs house. Denomination DIEZ PESOS appears at the foot, and the note carries a manuscript date of Paraná, Setiembre 28 de 1858 with a handwritten serial number and an oval cancellation stamp. |
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| Obverse lettering | CONFEDERACION ARGENTINA Decreto de 7 de Mayo de 1857 10 Pesos. Paraná, EL GOBIERNO NACIONAL DIEZ PESOS El Ministro de Hacienda. El Contador General. El Tesorero. |
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| Comments |
The Confederación Argentina — the loose confederation of interior provinces that stood in opposition to Buenos Aires from 1852 to 1861 — maintained its own financial infrastructure centered on Paraná, its provisional capital. This note was issued not by a chartered bank but directly by the national government itself, an arrangement forced by the near-total absence of functioning banking institutions in the interior provinces at the time.
The Confederación's paper issues were chronically undervalued against those circulating in Buenos Aires, and the two monetary zones operated in uneasy parallel until the reunification following the Battle of Pavón in 1861. After that, Confederación notes were effectively demonetized.
Survivors are scarce. PS# prefix in the Standard Catalog reflects private or quasi-governmental issue status.