Catalog
10 Pesos Banco de La Alianza
| Issuer | Banco de La Alianza |
|---|---|
| Year | 1878 |
| Type | Local banknote |
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| Reverse description | Printed in brown, with a central portrait vignette of Pedro de Valdivia. An overprint applied in accordance with Chilean law attests to the note's guaranteed and inconvertible status. |
| Reverse lettering | BANCO DE LA ALIANZA SANTIAGO GARANTIDO INCONVERTIBLE POR LA LEY (Translation: Bank of La Alianza Santiago Guaranteed Inconvertible by Law) |
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| Comments |
Banco de La Alianza was one of several provincial Argentine banks that briefly held note-issuing authority during the fractured banking era of the 1870s, before the national government moved to consolidate monetary control. The American Bank Note Company produced paper for dozens of such institutions simultaneously, which means the underlying plate quality is high — far better than the financial staying power of most of these banks warranted.
Whether Banco de La Alianza ever redeemed its notes in full is doubtful. Many provincial issuers of this period collapsed or were absorbed before circulation ran its course, leaving outstanding notes unredeemed and survivors drifting into collections rather than back to the bank.