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10 Pesos Fuertes

Issuer Banco de Cuyo
Year
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Value 10 Pesos Fuertes
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Obverse lettering EL BANCO DE CUYO
DIEZ PESOS FUERTES
pagará al portador y á la vista
Serie C
Nº010001
Gerente
Presidente
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Reverse lettering 10
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Comments

Banco de Cuyo operated out of Mendoza and was one of several provincial banks that briefly flourished under Argentina's decentralized banking regime before the Banco Nacional absorbed or displaced most of them in the 1870s. Provincial notes of this period were frequently refused at par outside their home province, making cross-Andean trade — for which Mendoza was a natural hub — a perpetual negotiation over discount rates.

PS-prefix placement in the Standard Catalog reflects its classification as a private or provincial issue rather than a national one. Surviving examples are genuinely uncommon; Cuyo-region bank paper has not attracted the collector pressure that Buenos Aires issues have, which has kept prices understated relative to actual scarcity.

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