Catalog
1000 Pesos
| Issuer | Caja de Conversión, Argentina |
|---|---|
| Year | 1910-1934 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | República Argentina La Nación pagará al portador y á la vista Mil pesos Moneda nacional LEY DE 20 DE SEPTIEMBRE DE 1897 CAJA DE CONVERSION (Translation: Republic of Argentina The Nation will pay the bearer and at sight One Thousand pesos National currency Law of September 20, 1897.) |
| Reverse description | Printed entirely in red on a dense guilloche underprint composed of repeated 'REPUBLICA ARGENTINA' microtext arranged in a diamond lattice pattern. The central panel bears the large denomination inscription 'MIL PESOS' flanked by ornate rococo scrollwork borders, with the Argentine Coat of Arms in a vignette at center right and the monogram 'RA' in a decorative cartouche at left. Numeral '1000' appears at all four corners. |
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| Comments |
The Caja de Conversión was established in 1890 following the Baring Crisis, which nearly collapsed Argentina's financial system entirely. It operated on a strict convertibility principle — pesos could be exchanged for gold at a fixed rate — but that mechanism was suspended in 1914 when World War I made gold reserves impossible to maintain, leaving notes like this one circulating without the backing their design implicitly promised.
At the 1000-peso denomination, these notes functioned almost exclusively in wholesale trade and interbank settlement. Retail handling was rare. The series ran across an unusually long print window, and earlier dates within the range command notably more interest than later ones.