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100 Pesos

Issuer El Gobierno Nacional, Confederación Argentina
Year 1859
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Currency Peso (1826-1985)
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Obverse description The obverse is laid out in a bond-like typographic style with a wide ornamental border composed of repeated small vignette cartouches at the corners and sides, each inscribed CIEN PESOS. The upper portion carries the authorizing legend Ley de 30 de Septiembre de 1,859, with the large central heading 100$ CONFEDERACION ARGENTINA. 100$ in bold letterpress. Below, a block of printed text in Spanish identifies El Gobierno Nacional as the issuing authority, promising payment of one hundred pesos at six percent annual interest, redeemable at any Customs house of the Confederación; the note is dated at Paraná and bears manuscript serial number, date, and three handwritten signatures for El Ministro de Hacienda, El Contador, and El Tesorero, with an oval HACIENDA control stamp in red.
Obverse lettering Ley de 30 de Septiembre de 1,859
100$ CONFEDERACION ARGENTINA. 100$
EL GOBIERNO NACIONAL
CIEN PESOS
El Ministro de Hacienda.
El Contador.
El Tesorero.
HACIENDA
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Comments

The Confederación Argentina — the breakaway government centred on Paraná that existed in opposition to Buenos Aires from 1853 to 1861 — issued its own paper currency through the Banco Nacional de la Confederación, and these notes were effectively war-financing instruments. The Buenos Aires province controlled the customs revenues from the port, leaving the Confederation chronically underfunded. Paper emissions were one of the few options available.

PS# prefix indicates this is catalogued as a private or provisional issue rather than a central state emission — a distinction that matters for attribution. By 1861, after the Battle of Pavón, the Confederation collapsed and Buenos Aires assumed control of the unified Argentine state, rendering these notes worthless almost immediately.

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