Catalog
100 Pesos
| Issuer | El Gobierno Nacional, Confederación Argentina |
|---|---|
| Year | 1859 |
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| Currency | Peso (1826-1985) |
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| Obverse description | Plain typeset note with an ornate engraved border of geometric and floral guilloche patterns enclosing the central text. The denomination '100 $' appears in large type at upper left and upper right, with 'CONFEDERACION ARGENTINA' as the principal heading across the top. The body text, set in letterpress, reads a promise by El Gobierno Nacional to pay the bearer one hundred pesos with two percent monthly interest, redeemable at any Customs House of the Confederation, followed by three signature lines captioned 'EL MINISTRO DE HACIENDA', 'EL CONTADOR', and 'EL TESORERO'. The denomination 'CIEN PESOS' is repeated vertically in the left and right margins, and '100 PESOS.' appears in large type across the bottom. |
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| Obverse lettering | CONFEDERACION ARGENTINA 100 $ CIEN PESOS. EL GOBIERNO NACIONAL promete pagar al portador de este billete la cantidad de cien pesos, y el interés de dos por ciento mensual desde el dia de su fecha hasta el de su amortización, admitiéndolo en pago del importe total de las letras firmadas en cualquiera de las Aduanas de la Confederacion á plazo de seis meses. EL MINISTRO DE HACIENDA. EL CONTADOR. EL TESORERO. 100 PESOS. |
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| Comments |
The Confederación Argentina — the rival government to Buenos Aires that controlled the interior provinces from Paraná — issued this note under genuine fiscal duress. After the split of 1852, the Confederation struggled chronically to fund itself; Buenos Aires controlled the customs revenues at the port, leaving the interior government perpetually short. These Ministerio de Hacienda notes were effectively treasury obligations rather than bank currency, issued against a state that could barely collect taxes.
The PS prefix in the Pick catalogue signals provisional or state-level status — a classification that understates how central this paper was to Confederation finance in its final years before reunification in 1861.