10 Pesos

The Banco Provincial de Córdoba was one of the provincial banks chartered under Argentina's pre-1890 banking framework, which allowed individual provinces to issue their own currency backed by gold deposits held with the national government. That system collapsed spectacularly during the Baring Crisis of 1890, when overextension across exactly these provincial institutions triggered a sovereign default and the liquidation of most provincial banks — including Córdoba's. Notes from the early 1880s predate that collapse by less than a decade.

ABNC's engraved work for Argentine provincial clients during this period was notably fine. The guilloche underprint here was a deliberate anti-counterfeiting measure, not decorative.