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20 Centavos Fuertes

Issuer Banco de San Juan
Year 1876
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Value 20 Centavos Fuertes
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Reverse description Printed in salmon-pink and grey-blue tones, the reverse is entirely ornamental, composed of intricate guilloche lathe-work rosettes and geometric underprint patterns. A central oval vignette in the salmon underprint contains a female allegorical figure in profile. The numeral '20' appears in large format at both left and right within grey guilloche medallions. A mirror-image perfin cancellation is visible across the centre.
Reverse lettering 20
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Comments

Banco de San Juan was a provincial institution operating under Argentina's pre-1890 free banking regime, which allowed individual provinces to charter their own note-issuing banks with minimal federal oversight. The result was a patchwork of local currencies with highly uneven redemption reliability — San Juan's issues were no exception, and public confidence in provincial paper fluctuated sharply with the bank's reserve position.

"B.W. & Co." in the printer's credit almost certainly refers to Bradbury, Wilkinson & Company of London, who supplied engraved security printing to numerous South American issuers during this period. The fractional denomination — 20 centavos fuertes — signals this was intended for everyday small transactions, which means actual survival rates are low.

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