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20 Centavos

Issuer Banco de la Nación Argentina
Year 1895-1896
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Size 118 × 65 mm
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Reverse description Printed entirely in green. A central oval vignette engraved by Bradbury Wilkinson presents a bust of Minerva in classical armour, wearing a plumed helmet and holding a spear, surrounded by dense guilloche lacework. The denomination numeral '20' appears in large counters at left and right, with 'REPÚBLICA' arched across the top and 'ARGENTINA' along the bottom; the printer's imprint 'BRADBURY, WILKINSON Y Cª GRABADORES, LONDRES' runs along the lower margin.
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Variants P#229a - issued note
P#229s - specimen
Comments

The Banco de la Nación Argentina was itself only founded in 1891, replacing the failed Banco Nacional that had collapsed amid the Baring Crisis — the sovereign debt catastrophe that nearly bankrupted Argentina and destabilized London's financial markets simultaneously. These fractional centavo notes were issued into that recovery period, when small-denomination paper was still needed to fill the gap left by scarce coin in everyday transactions.

Bradbury Wilkinson's involvement was typical for South American issuers of the period seeking security printing of demonstrable quality. The London connection was purely commercial.

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