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20 Centavos Fuertes
| Issuer | Banco de Londres y Río de La Plata, Rosario |
|---|---|
| Year | 1874 |
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| Value | 20 Centavos Fuertes |
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| Obverse description | The obverse is divided into three vertical panels separated by ornate guilloche borders. The central panel bears the bank title BANCO DE LONDRES Y RIO DE LA PLATA in an arched legend above the denomination VEINTE CENTAVOS FUERTES, with a promise-to-pay inscription in Spanish dated Rosario, 1 de Junio 1874. The left panel carries a portrait vignette of a uniformed military figure within an oval frame, while the right panel contains a vignette of an armadillo; denomination numerals 20 appear in each corner. |
|---|---|
| Obverse lettering | REPUBLICA ARGENTINA BANCO DE LONDRES Y RIO DE LA PLATA VEINTE Pagaremos al portador y a la vista Veinte Centavos Fuertes en moneda de curso legal Rosario, 1 de Junio 1874 VEINTE 20 |
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| Comments |
The Banco de Londres y Río de la Plata was a British-founded institution operating in Argentina from 1863, with its Rosario branch functioning as a semi-independent issuing entity. The 20 Centavos Fuertes denomination — struck in "hard" currency terms at a moment when Argentine monetary life was chronically undermined by inconvertible paper — reflects the optimism of foreign banking capital trying to anchor itself to a stable monetary standard that the local economy was never quite able to sustain.
American Bank Note Company's work for South American clients in this period was prolific, but small-denomination fractional notes like this were produced in far lower quantities than the higher values and saw proportionally heavier use. Survivors in collectible condition are correspondingly thin.