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20 Pesos

Issuer Banco y Casa de Moneda de la Provincia de Buenos Ayres
Year 1856
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Shape Rectangular
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Obverse description Horizontally oriented letterpress-printed note on aged cream cotton paper, centred on the text 'El Estado de Buenos Ayres / RECONOCE ESTE BILLETE / Por VEINTE Pesos / Moneda Corriente / Por El / Directorio del Banco y Casa de Moneda,' flanked by the Buenos Aires provincial coat of arms at centre. Small vignettes occupy the upper corners — a bell at upper left and a sailing vessel at upper right — with the numeral '20' in a cartouche on the right margin and the word 'VEINTE' repeated in panels at lower left and lower right. A manuscript date and two handwritten signatures appear across the lower portion of the note.
Obverse lettering El Estado de Buenos Ayres
RECONOCE ESTE BILLETE
Por VEINTE Pesos
Moneda Corriente
Por El
Directorio del Banco y Casa de Moneda
VEINTE
VEINTE
20
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The Banco y Casa de Moneda de la Provincia de Buenos Aires was a provincial institution that predated any unified Argentine national banking system by decades. In 1856, Buenos Aires province was still operating as a de facto independent state — the Argentine Confederation and the State of Buenos Aires had formally separated after Urquiza's victory at Caseros in 1852, and the province maintained its own monetary system accordingly. This note belongs to that period of political rupture, before the Buenos Aires province rejoined the confederation following the Battle of Pavón in 1861.

PS#418 is scarce in any grade. The institutional complexity of the issuer — combining banking and mint functions under one roof — was unusual even by mid-nineteenth-century standards.