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20 Pesos

Issuer Estado de Buenos Ayres
Year 1858
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Value 20 Pesos
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Obverse description The note is printed in dark brown ink on cream paper with a letterpress design. The central panel carries a guilloche-framed text area headed by the title EL ESTADO DE BUENOS AYRES, below which the denomination VEINTE PESOS MONEDA CORRIENTE is set in bold script, with a handwritten date and serial number at upper center. Small intaglio vignettes of livestock — a reclining animal at left and a sheep at right — flank the central text, while the numeral 20 appears in each corner and the words VEINTE PESOS run vertically along the left border.
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Reverse description The reverse is essentially plain, printed on the same cream cotton paper, bearing only a scattering of handwritten manuscript signatures and showing the natural aging of the substrate, with no additional printed design elements or vignettes.
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El Estado de Buenos Ayres was a short-lived sovereign entity, existing as a separate state from the Argentine Confederation between 1852 and 1861 following Urquiza's victory at Caseros and Buenos Aires's subsequent secession. This note was issued during that anomalous interval when the province maintained its own treasury, customs revenue, and banking apparatus entirely independent of the national government forming in Paraná.

The Banco y Casa de Moneda de la Provincia had been the dominant monetary institution in the region for decades, and provincial paper had a complicated reputation — earlier inflationary episodes left the public wary. By 1858, the state was managing a relatively stable fiscal position, largely on the strength of port duties.

Cotton substrate on notes of this period and region is worth noting: paper supply was irregular, and surviving examples frequently show foxing along fold lines.

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