Catalog
100 Pesos
| Issuer | Caja de Conversión, Argentina |
|---|---|
| Year | 1903-1906 |
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| Shape | Rectangular |
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| Reverse description | The reverse is printed in a monochromatic blue-green palette and consists entirely of intricate guilloche lathe-work set within a heavily ornamental border of entwined foliate scrolls. The denomination "CIEN PESOS" is centred in a bold intaglio panel flanked by two oval medallion frames, while the corner numerals "100" repeat in vertical orientation at left and right. A large blank rectangular reserve occupies the lower-centre field, consistent with a trial or specimen impression lacking overprint text. |
| 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.