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2 Doblones 20 Pesos - Banco Franco-Platense

Issuer Banco Franco-Platense
Year 1871
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Currency Peso (1863-1975)
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Obverse description Central vignette of a sailing ship under full sail; to the left, three coats of arms representing Uruguay, France, and Argentina arranged vertically; to the right, two allegorical female figures. The issuer name arches across the top, with the date and denomination inscribed below in letterpress.
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Reverse lettering VEINTE 20 20 EL BANCO FRANCO PLATENSE VEINTE
(Translation: Twenty 20 20 The Bank French River Plate Twenty)
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Comments

The Banco Franco-Platense was a short-lived Franco-Argentine venture, one of several foreign-backed private banks that attempted to establish themselves in the Río de la Plata region during the credit expansion of the late 1860s and early 1870s. The 1873 financial crisis, which rippled from Europe into South American markets, effectively ended many such institutions before they could build meaningful note circulation.

The American Bank Note Company engraving is almost certainly finer than anything this bank's brief existence warranted. ABNC held a near-monopoly on prestige security printing for Latin American issuers at this period, and the denomination pairing — doblones alongside pesos — reflects the transitional monetary arithmetic still in use across the region.

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