Catalog
20 Pesos
| Issuer | Banco Nacional |
|---|---|
| Year | 1826 |
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| Value | 20 Pesos |
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| Obverse description | Uniface letterpress note in the elaborate calligraphic style characteristic of early 19th-century Río de la Plata issues, with the Argentine national coat of arms in an oval cartouche at the upper left. Two oval panels bearing the numeral '20' are positioned at the upper right and lower left corners, flanking the principal text block. The issuer name 'Banco Nacional' heads the note in ornate script, with the place of issue rendered as 'Buenos Ayres' in the lower register and the promise-to-pay legend in flowing copperplate-influenced typography. |
|---|---|
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| Reverse description | The reverse is unprinted; this is a uniface note. |
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| Comments |
Banco Nacional de las Provincias Unidas del Río de la Plata was established in 1826 under the Rivadavia administration — itself a short-lived experiment in centralized liberal governance that collapsed within two years. The bank's notes were issued against a specie reserve that proved far thinner than advertised, and convertibility was suspended almost immediately after the 1826 war with Brazil strained public finances beyond recovery.
By 1836 the bank was liquidated entirely. Notes from this series circulated through a period of chronic depreciation, which means genuinely uncirculated survivors are exceptional rarities today.