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10 Pesos
| Issuer | Banco Hipotecario de la Provincia de Buenos Aires |
|---|---|
| Year | 1891 |
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| Reference(s) | P#S618 |
| Obverse description | Dark olive-green note with the bank title BANCO HIPOTECARIO DE LA PROVINCIA DE BUENOS AIRES in large bold lettering across the centre, flanked by numeral 10 counters in the upper corners. A central vignette displays the Argentine national arms with sunburst rays. The text states this bearer bond was issued under the Ley de 14 de Julio de 1891, with DIEZ PESOS in large type below and MONEDA NACIONAL DE CURSO LEGAL beneath that. The date LA PLATA, JULIO DE 1891 appears in the upper left, with the serial number, Inspector signature at lower left, and Presidente signature at lower right. |
|---|---|
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| Reverse description | Printed in reddish-brown on plain paper, the reverse carries a lengthy legal text headed Ley de 14 de Julio de 1891, setting out five numbered articles governing the redemption of quarterly and semester coupons, interest payments, and other conditions of the bond issue. A large guilloche numeral 10 vignette is positioned at the left, with a matching ornamental frame at the right. The imprint FABRICA DEL BANCO DE LA PLATA appears at the foot of the note. |
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| Comments |
The Banco Hipotecario de la Provincia de Buenos Aires was a mortgage bank, not a commercial one — its notes were backed by land securities rather than metallic reserves, a distinction that mattered enormously during the 1890 Baring Crisis, when Argentina's financial system came apart under the weight of speculative lending and foreign debt. This note dates from the immediate aftermath of that collapse.
Printed at the Fábrica del Banco de la Plata in La Plata — a city that had only been founded in 1882 as the new provincial capital — the in-province production reflects the institutional chaos of the period, when Buenos Aires province was effectively running parallel financial structures to those in the federal capital. The PS# prefix indicates this is a remainder or specimen classification in the Specialized catalog.