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| 正面描述 | Printed in gray-blue, the obverse centres on a vignette of a seated allegorical female figure holding a torch, representing Progreso, positioned at left. A seven-digit red serial number with prefix D and a coded suffix letter appears on the face. The design incorporates fine guilloche underprint work typical of the period. |
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| 防伪类型 | Watermark |
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The Caja de Conversión was established by Argentina's Conversion Law of 1899, which pegged the peso moneda nacional to gold at a fixed rate of 2.2727 pesos per gold peso — ending a decade of currency instability that had culminated in the 1890 Baring Crisis and a near-sovereign default. These notes were the physical instrument of that stabilization policy, redeemable in gold coin on demand.
Louis-Eugène Mouchon was primarily a stamp engraver, best known for his French Republic allegory that appeared on French postage from 1900. His engagement for this Argentine series was part of the Société Générale d'Impression's broader commercial work for South American monetary authorities during that period.