目录
| 正面描述 | Plain typeset note on aged paper with ornamental guilloche borders along the left and right margins. The header reads CONFEDERACION ARGENTINA in bold letterpress, with the denomination 20 $ printed at upper left and upper right corners and vertically along both side margins; a manuscript serial number appears at top centre within a cartouche. The body of the note contains a hand-dated promise-to-pay text signed by El Ministro de Hacienda, El Contador, and El Vesorero, with an oval HACIENDA ink stamp applied at centre right. |
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| 背面描述 | The reverse presents the note's verso, visible as a mirror impression of the obverse typeset text through the paper, with handwritten annotations and manuscript notations in ink added across the surface, consistent with period endorsement or accounting practice. |
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The Confederación Argentina was the rival state that existed in direct opposition to the Buenos Aires provincial government following the 1852 split — a fractured period in which two Argentine governments each issued their own currency and fought for legitimacy. The Ministerio de Hacienda notes of 1859 were issued from Paraná, then the Confederación's capital, during a period of chronic fiscal strain and military expenditure leading toward the Battle of Cepeda in October of that year.
The PS prefix in the Pick catalogue places this firmly in the speculative or semi-official category — survival rates are low, and genuine circulated examples rarely surface outside South American auction houses.