Catalog
20 Pesos
| Issuer | El Gobierno Nacional, Confederación Argentina |
|---|---|
| Year | 1857 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | Decretos de 7 de Mayo y de 5 de Junio de 1857. 20 $ CONFEDERACION ARGENTINA 20 $ Paraná, No. EL GOBIERNO NACIONAL promete pagar al portador la cantidad de VEINTE PESOS, y el interes del dos por ciento mensual desde la fecha de este documento hasta el dia de su amortizacion, en descuento de una tercera parte de derechos en cualesquiera de las Aduanas Nacionales, que fuere presentado. El Ministro de Hacienda. El Contador General. El Tesorero. VEINTE PESOS. |
| Reverse description | The reverse carries no independent printed vignette or design; the thin paper stock allows the obverse letterpress impression to show through in mirror image. Several manuscript endorsement notations and oval cancellation stamps applied in ink across the surface indicate post-circulation handling or redemption processing. |
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| Comments |
The Confederación Argentina was a short-lived political entity distinct from the Argentine Republic — Buenos Aires had seceded and was operating independently, leaving the interior provinces to govern themselves under Urquiza. This note was issued by that federal government, not by a Buenos Aires bank, which matters: the Confederation was chronically underfunded, had no reliable tax base, and depended heavily on customs revenue from the Paraná river ports that Buenos Aires deliberately undercut.
PS# prefix indicates this is catalogued under Pick's Specialized volume for provisional and emergency issuers. Survival rate for Confederation-era paper is low — these notes circulated in an economically stressed interior and few were preserved after reunification in 1861 rendered them politically awkward.