100 Pesos Fuertes

Banco J. Benites é Hijo was a private commercial bank operating in Argentina during the brief window before the provincial banking system collapsed and federal regulation tightened in the 1870s. Notes of this type were issued under Argentine provincial banking laws that permitted private institutions to circulate their own paper — a freedom that ended badly for most of them. The American Bank Note Company handled the printing, as it did for the majority of South American private bank issues in this period.

PS#1565 is genuinely rare. Few private Argentine bank notes from the 1860s survived in any quantity, and Benites issues are among the scarcest.