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100 Pesos
| Issuer | Caja de Conversión, Argentina |
|---|---|
| Year | 1903-1906 |
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| Reference(s) | P#239A |
| Obverse description | A classical allegorical female figure, seated and robed in the manner of the Republic, occupies the left vignette, holding a torch aloft; to her side a shield rests against her throne base. The denomination "100" appears in an ornate cartouche at upper right, with the text "Cien pesos" in large serif lettering across the centre. The lower portion carries the issuing authority inscription, the enabling law reference, and two manuscript signatures above their printed titles. |
|---|---|
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| Reverse lettering | REPUBLICA ARGENTINA CIEN PESOS 100 |
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| Comments |
Argentina's Caja de Conversión was established by the Conversion Law of 1899 specifically to stabilize the peso after the catastrophic monetary crises of the 1890s — the office's sole function was maintaining convertibility between paper pesos and gold at a fixed rate of 2.27 paper pesos per gold peso. Notes issued under this authority were backed by gold reserves held in the Caja itself, a meaningful structural departure from the unbacked emissions that had fueled the earlier collapses.
The American Bank Note Company printed this series at their Manhattan facility, as they did for a substantial portion of Latin American government paper during this period. The P#239A designation distinguishes an early signature or date variety within the 1903–1906 run.