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20 Centavos
| Issuer | Banco Nacional de la República Argentina |
|---|---|
| Year | 1884 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 112 × 68 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | VEINTE BUENOS AIRES ENERO 1 DE 1884 REPÚBLICA ARGENTINA LA NACION PAGARÁ al portador y á la vista por medio del Banco Nacional Veinte Centavos LEY DE 4 DE OCTUBRE 1883 Billetes de Banco B. Lange B. Aires (Translation: Twenty Buenos Aires January 1st, 1884 Republic of Argentina The Nation will pay to the bearer and at sight through the National Bank Twenty Cents Law of October 4, 1883) |
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| Variants | P#3a - black on light reddish-brown underprint, 2 serial # varieties, back brown steer head P#3b - black without underprint, Series P (not issued) |
| Comments |
The Banco Nacional de la República Argentina was itself a troubled institution — founded in 1872, it collapsed in 1891 as part of the broader financial catastrophe that also brought down Baring Brothers in London. Notes of this 1884 series were issued during a period of aggressive credit expansion that preceded that crisis, when the bank was effectively printing to cover government deficits.
B. Lange was a Buenos Aires commercial printer, not a specialist security press — an unusual choice for fiduciary currency, and one that reflects both the limited infrastructure available locally and the political pressure to keep production domestic.