10 Pesos

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.